Bank of New York Mellon Corp Buys 3,124 Shares of Oak Valley Bancorp (NASDAQ:OVLY)

Bank of New York Mellon Corp boosted its stake in Oak Valley Bancorp (NASDAQ:OVLY) by 13.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,289 shares of the financial services provider’s stock after acquiring an additional 3,124 shares during the period. Bank of New York Mellon Corp owned 0.31% of Oak Valley Bancorp worth $656,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Oak Valley Bancorp by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 376,840 shares of the financial services provider’s stock valued at $9,338,000 after purchasing an additional 6,782 shares during the period. Empowered Funds LLC lifted its stake in Oak Valley Bancorp by 7.9% in the first quarter. Empowered Funds LLC now owns 33,608 shares of the financial services provider’s stock valued at $833,000 after buying an additional 2,450 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Oak Valley Bancorp by 44.4% during the 1st quarter. BNP Paribas Financial Markets now owns 16,412 shares of the financial services provider’s stock worth $407,000 after buying an additional 5,048 shares in the last quarter. Institutional investors and hedge funds own 30.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Oak Valley Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 17th.

Insider Buying and Selling at Oak Valley Bancorp

In other Oak Valley Bancorp news, Director Daniel J. Leonard acquired 1,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $25.50 per share, with a total value of $25,500.00. Following the completion of the purchase, the director now owns 60,223 shares of the company’s stock, valued at $1,535,686.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 19.26% of the stock is currently owned by company insiders.

Oak Valley Bancorp Trading Down 1.1 %

Shares of NASDAQ OVLY opened at $27.21 on Tuesday. The firm has a market capitalization of $227.48 million, a P/E ratio of 8.22 and a beta of 0.32. The firm’s 50-day moving average price is $26.24 and its 200-day moving average price is $24.78. Oak Valley Bancorp has a 1-year low of $22.91 and a 1-year high of $30.70.

Oak Valley Bancorp (NASDAQ:OVLY) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.71 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 15.52% and a net margin of 28.41%. The business had revenue of $19.05 million for the quarter.

Oak Valley Bancorp Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, August 9th. Investors of record on Monday, July 29th were given a $0.225 dividend. This represents a yield of 1.7%. The ex-dividend date was Monday, July 29th. Oak Valley Bancorp’s payout ratio is currently 13.60%.

About Oak Valley Bancorp

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.