Charles Schwab Investment Management Inc. Acquires 1,679 Shares of Oak Valley Bancorp (NASDAQ:OVLY)

Charles Schwab Investment Management Inc. lifted its holdings in Oak Valley Bancorp (NASDAQ:OVLY) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,772 shares of the financial services provider’s stock after purchasing an additional 1,679 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.25% of Oak Valley Bancorp worth $608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC increased its holdings 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 worth $408,000 after buying an additional 8,471 shares in the last quarter. State Street Corp grew its stake in shares of Oak Valley Bancorp by 0.6% in the third quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock worth $2,295,000 after acquiring an additional 510 shares during the period. FMR LLC raised its holdings in shares of Oak Valley Bancorp by 0.4% during the third quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock valued at $5,769,000 after purchasing an additional 842 shares during the last quarter. 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 purchasing an additional 3,646 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Oak Valley Bancorp by 123.6% during the third quarter. JPMorgan Chase & Co. now owns 10,755 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 5,945 shares during the period. 30.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Oak Valley Bancorp from a “hold” rating to a “sell” rating in a research note on Monday.

Oak Valley Bancorp Stock Performance

OVLY stock opened at $24.96 on Tuesday. The company has a market cap of $208.64 million, a price-to-earnings ratio of 8.26 and a beta of 0.28. The business’s 50-day moving average is $25.99 and its two-hundred day moving average is $27.40. Oak Valley Bancorp has a fifty-two week low of $23.00 and a fifty-two week high of $32.24.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.73 earnings per share 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 firm also recently disclosed 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. This is an increase from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. The ex-dividend date was Monday, February 3rd. This represents a dividend yield of 1.7%. Oak Valley Bancorp’s payout ratio is presently 19.87%.

Insider Transactions at Oak Valley Bancorp

In other news, Director Gary Strong purchased 1,000 shares of the stock in a transaction on Wednesday, January 8th. The shares were acquired 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 directly owns 11,842 shares of the company’s stock, valued at $321,747.14. This trade represents a 9.22 % increase in their ownership of the stock. The acquisition 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 Oak Valley Bancorp stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of $25.97 per share, with a total value of $155,820.00. Following the completion of the purchase, the director now owns 147,633 shares of the company’s stock, valued at approximately $3,834,029.01. This represents a 4.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 9,924 shares of company stock worth $256,577 in the last three months. 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.