Oak Valley Bancorp (NASDAQ:OVLY) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of Oak Valley Bancorp (NASDAQ:OVLY) by 25.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,638 shares of the financial services provider’s stock after selling 5,284 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.19% of Oak Valley Bancorp worth $457,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in shares of Oak Valley Bancorp by 0.4% in the 3rd quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock worth $5,769,000 after acquiring an additional 842 shares during the period. Geode Capital Management LLC raised its holdings in shares of Oak Valley Bancorp by 2.4% during the third quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock valued at $4,133,000 after buying an additional 3,646 shares during the last quarter. State Street Corp boosted its position in shares of Oak Valley Bancorp by 0.6% during the third quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock worth $2,295,000 after buying an additional 510 shares during the period. Valmark Advisers Inc. bought a new position in Oak Valley Bancorp in the 4th quarter worth approximately $1,726,000. Finally, Barclays PLC increased its position in Oak Valley Bancorp by 122.8% in the 3rd quarter. Barclays PLC now owns 15,368 shares of the financial services provider’s stock valued at $408,000 after acquiring an additional 8,471 shares during the period. 30.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Oak Valley Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th.

Oak Valley Bancorp Trading Down 0.3 %

Oak Valley Bancorp stock opened at $25.25 on Friday. Oak Valley Bancorp has a 52 week low of $23.00 and a 52 week high of $32.24. The stock has a market cap of $211.06 million, a price-to-earnings ratio of 8.36 and a beta of 0.28. The company’s 50-day moving average price is $26.02 and its two-hundred day moving average price is $27.38.

Oak Valley Bancorp (NASDAQ:OVLY) last posted its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.73 EPS for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.28%.

Oak Valley Bancorp Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. This represents a dividend yield of 1.7%. Oak Valley Bancorp’s dividend payout ratio (DPR) is 19.87%.

Insider Transactions at Oak Valley Bancorp

In related news, Director Gary Strong purchased 1,000 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were bought at an average price of $27.17 per share, with a total value of $27,170.00. Following the completion of the acquisition, the director now owns 11,842 shares of the company’s stock, valued at approximately $321,747.14. This represents a 9.22 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director H Randolph Holder, Jr. acquired 6,000 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were bought at an average price of $25.97 per share, with a total value of $155,820.00. Following the transaction, the director now directly owns 147,633 shares in the company, valued at approximately $3,834,029.01. The trade was a 4.24 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 9,924 shares of company stock valued at $256,577. Corporate insiders own 19.26% of the company’s stock.

Oak Valley Bancorp Profile

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides a range of commercial banking services to individuals and small to medium-sized businesses in the Central Valley and the Eastern Sierras. The company's deposits products include checking and savings, money market, health savings, and individual retirement accounts, as well as certificates of deposit.