Goldman Sachs Group Inc. Sells 3,249 Shares of Oak Valley Bancorp (CA) $OVLY

Goldman Sachs Group Inc. trimmed its holdings in shares of Oak Valley Bancorp (CA) (NASDAQ:OVLY) by 12.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 22,665 shares of the financial services provider’s stock after selling 3,249 shares during the period. Goldman Sachs Group Inc. owned approximately 0.27% of Oak Valley Bancorp worth $566,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Bank of America Corp DE lifted its stake in Oak Valley Bancorp by 29.1% during the fourth quarter. Bank of America Corp DE now owns 10,394 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 2,343 shares during the period. Deutsche Bank AG bought a new stake in shares of Oak Valley Bancorp in the 4th quarter valued at approximately $59,000. Valmark Advisers Inc. raised its holdings in shares of Oak Valley Bancorp by 1.7% in the 1st quarter. Valmark Advisers Inc. now owns 60,009 shares of the financial services provider’s stock worth $1,498,000 after buying an additional 1,000 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Oak Valley Bancorp by 392.3% during the 1st quarter. Cetera Investment Advisers now owns 45,719 shares of the financial services provider’s stock worth $1,141,000 after buying an additional 36,432 shares during the period. Finally, Nuveen LLC acquired a new stake in Oak Valley Bancorp in the 1st quarter valued at $217,000. 30.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oak Valley Bancorp

In other news, Director Daniel J. Leonard bought 1,000 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $26.20 per share, for a total transaction of $26,200.00. Following the completion of the purchase, the director owned 62,223 shares of the company’s stock, valued at approximately $1,630,242.60. The trade was a 1.63% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased a total of 2,553 shares of company stock worth $68,385 over the last three months. Company insiders own 18.08% of the company’s stock.

Oak Valley Bancorp Price Performance

Shares of NASDAQ:OVLY opened at $29.18 on Friday. The business’s fifty day moving average price is $28.02 and its two-hundred day moving average price is $26.45. Oak Valley Bancorp has a fifty-two week low of $22.70 and a fifty-two week high of $32.24. The stock has a market capitalization of $244.53 million, a price-to-earnings ratio of 9.96 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 EPS for the quarter. Oak Valley Bancorp had a net margin of 26.38% and a return on equity of 13.12%. The company had revenue of $19.86 million for the quarter.

Oak Valley Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, July 28th were paid a dividend of $0.30 per share. 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 yield of 4.1%. The ex-dividend date of this dividend was Monday, July 28th. Oak Valley Bancorp’s payout ratio 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.