JPMorgan Chase & Co. Boosts Stake in Oak Valley Bancorp (NASDAQ:OVLY)

JPMorgan Chase & Co. boosted its holdings in Oak Valley Bancorp (NASDAQ:OVLYFree Report) by 123.6% during the third quarter, Holdings Channel.com reports. The fund owned 10,755 shares of the financial services provider’s stock after buying an additional 5,945 shares during the quarter. JPMorgan Chase & Co.’s holdings in Oak Valley Bancorp were worth $286,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp grew its holdings in shares of Oak Valley Bancorp by 0.6% during the third quarter. State Street Corp now owns 86,390 shares of the financial services provider’s stock worth $2,295,000 after purchasing an additional 510 shares in the last quarter. FMR LLC lifted its position in 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. Empowered Funds LLC grew its stake in Oak Valley Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock worth $1,010,000 after buying an additional 1,876 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Oak Valley Bancorp by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock worth $4,133,000 after buying an additional 3,646 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Oak Valley Bancorp by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 95,508 shares of the financial services provider’s stock worth $2,384,000 after acquiring an additional 7,176 shares in the last quarter. Hedge funds and other institutional investors own 30.86% of the company’s stock.

Insider Activity at Oak Valley Bancorp

In related news, Director Gary Strong purchased 1,000 shares of Oak Valley Bancorp stock in a transaction that occurred on Wednesday, January 8th. The shares were acquired at an average cost of $27.17 per share, for a total transaction of $27,170.00. Following the transaction, the director now directly owns 11,842 shares in the company, valued at $321,747.14. The trade was a 9.22 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 19.26% of the stock is owned by insiders.

Oak Valley Bancorp Stock Down 0.1 %

NASDAQ OVLY opened at $25.98 on Friday. The stock’s 50-day simple moving average is $28.67 and its two-hundred day simple moving average is $27.45. Oak Valley Bancorp has a twelve month low of $22.91 and a twelve month high of $32.24. The company has a market capitalization of $217.19 million, a price-to-earnings ratio of 8.66 and a beta of 0.35.

Oak Valley Bancorp (NASDAQ:OVLYGet Free Report) last released its earnings results on Friday, January 24th. The financial services provider reported $0.73 earnings per share for the quarter. Oak Valley Bancorp had a return on equity of 14.38% and a net margin of 28.03%.

Oak Valley Bancorp Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a $0.30 dividend. This is a boost from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. The ex-dividend date is Monday, February 3rd. This represents a dividend yield of 1.7%. Oak Valley Bancorp’s dividend payout ratio is 15.00%.

About Oak Valley Bancorp

(Free Report)

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.

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Want to see what other hedge funds are holding OVLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oak Valley Bancorp (NASDAQ:OVLYFree Report).

Institutional Ownership by Quarter for Oak Valley Bancorp (NASDAQ:OVLY)

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