Oak Valley Bancorp (CA) (NASDAQ:OVLY) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers lifted its position in shares of Oak Valley Bancorp (CA) (NASDAQ:OVLY) by 392.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,719 shares of the financial services provider’s stock after acquiring an additional 36,432 shares during the period. Cetera Investment Advisers owned about 0.55% of Oak Valley Bancorp worth $1,141,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in Oak Valley Bancorp by 190.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,506 shares of the financial services provider’s stock worth $44,000 after buying an additional 987 shares during the period. Deutsche Bank AG acquired a new stake in Oak Valley Bancorp in the fourth quarter worth $59,000. Wells Fargo & Company MN increased its position in Oak Valley Bancorp by 12.2% in the fourth quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider’s stock worth $234,000 after buying an additional 872 shares during the period. Hsbc Holdings PLC increased its position in Oak Valley Bancorp by 9.4% in the fourth quarter. Hsbc Holdings PLC now owns 9,330 shares of the financial services provider’s stock worth $281,000 after buying an additional 803 shares during the period. Finally, Bank of America Corp DE increased its position in Oak Valley Bancorp by 29.1% in the fourth quarter. Bank of America Corp DE now owns 10,394 shares of the financial services provider’s stock worth $304,000 after buying an additional 2,343 shares during the period. 30.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oak Valley Bancorp

In other Oak Valley Bancorp news, Director Daniel J. Leonard purchased 1,000 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $26.20 per share, with a total value of $26,200.00. Following the completion of the purchase, the director owned 62,223 shares in the company, valued at $1,630,242.60. This trade represents a 1.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director H Randolph Holder, Jr. purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average cost of $24.83 per share, with a total value of $49,660.00. Following the purchase, the director owned 152,176 shares of the company’s stock, valued at approximately $3,778,530.08. This represents a 1.33% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 3,500 shares of company stock valued at $89,360. Company insiders own 18.08% of the company’s stock.

Oak Valley Bancorp Price Performance

Shares of NASDAQ OVLY opened at $27.60 on Tuesday. Oak Valley Bancorp has a 1-year low of $22.70 and a 1-year high of $32.24. The business’s fifty day moving average price is $27.00 and its two-hundred day moving average price is $26.02. The firm has a market capitalization of $231.29 million, a PE ratio of 9.42 and a beta of 0.45.

Oak Valley Bancorp (NASDAQ:OVLY) last issued its earnings results on Friday, July 18th. The financial services provider reported $0.67 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 13.15% and a net margin of 27.04%. The firm had revenue of $19.86 million for the quarter.

Oak Valley Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, July 28th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, July 28th. This is a positive change from Oak Valley Bancorp’s previous quarterly dividend of $0.07. This represents a $1.20 annualized dividend and a dividend yield of 4.3%. Oak Valley Bancorp’s dividend payout ratio (DPR) is currently 20.48%.

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.