Deutsche Bank AG Acquires 1,627 Shares of Oak Valley Bancorp (CA) $OVLY

Deutsche Bank AG boosted its holdings in Oak Valley Bancorp (CA) (NASDAQ:OVLY) by 80.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,657 shares of the financial services provider’s stock after buying an additional 1,627 shares during the quarter. Deutsche Bank AG’s holdings in Oak Valley Bancorp were worth $91,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of OVLY. Tower Research Capital LLC TRC lifted its holdings in shares of 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 acquiring an additional 987 shares during the last quarter. Wells Fargo & Company MN increased its position in Oak Valley Bancorp by 12.2% during the 4th quarter. Wells Fargo & Company MN now owns 8,000 shares of the financial services provider’s stock worth $234,000 after purchasing an additional 872 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Oak Valley Bancorp by 9.4% in the 4th quarter. Hsbc Holdings PLC now owns 9,330 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 803 shares during the last quarter. Bank of America Corp DE boosted 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 valued at $304,000 after buying an additional 2,343 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Oak Valley Bancorp by 8.9% during the fourth quarter. Barclays PLC now owns 16,735 shares of the financial services provider’s stock worth $490,000 after buying an additional 1,367 shares during the last quarter. Institutional investors and hedge funds own 30.86% of the company’s stock.

Insider Buying and Selling at Oak Valley Bancorp

In other news, Director Daniel J. Leonard acquired 1,000 shares of the 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 directly owned 62,223 shares of the company’s stock, valued at $1,630,242.60. This represents a 1.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders bought 2,553 shares of company stock worth $68,385 and sold 1,125 shares worth $31,005. Company insiders own 18.08% of the company’s stock.

Oak Valley Bancorp Stock Performance

Shares of NASDAQ:OVLY opened at $28.49 on Tuesday. Oak Valley Bancorp has a 52-week low of $22.70 and a 52-week high of $32.24. The company has a market capitalization of $238.75 million, a PE ratio of 9.72 and a beta of 0.45. The company has a fifty day moving average of $27.66 and a 200-day moving average of $26.19.

Oak Valley Bancorp (NASDAQ:OVLY) last released its quarterly earnings data on Friday, July 18th. The financial services provider reported $0.67 earnings per share for the quarter. The company had revenue of $19.86 million for the quarter. Oak Valley Bancorp had a return on equity of 13.12% and a net margin of 26.38%.

Oak Valley Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, July 28th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.2%. This is an increase from Oak Valley Bancorp’s previous quarterly dividend of $0.07. The ex-dividend date was Monday, July 28th. Oak Valley Bancorp’s dividend payout ratio (DPR) is presently 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.