Insider Selling: Oak Valley Bancorp (OVLY) Director Sells 1,924 Shares of Stock
Oak Valley Bancorp (NASDAQ:OVLY) Director Ronald C. Martin sold 1,924 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $21.86, for a total transaction of $42,058.64. Following the completion of the sale, the director now owns 205,601 shares of the company’s stock, valued at $4,494,437.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Oak Valley Bancorp (NASDAQ:OVLY) opened at $21.35 on Wednesday. The company has a market cap of $171.53 and a price-to-earnings ratio of 18.89. Oak Valley Bancorp has a twelve month low of $12.71 and a twelve month high of $23.89.
Oak Valley Bancorp (NASDAQ:OVLY) last posted its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.32 EPS for the quarter. The business had revenue of $10.22 million during the quarter. Oak Valley Bancorp had a net margin of 24.43% and a return on equity of 11.55%.
A number of large investors have recently bought and sold shares of OVLY. Siena Capital Partners GP LLC grew its holdings in Oak Valley Bancorp by 3.5% in the third quarter. Siena Capital Partners GP LLC now owns 295,362 shares of the financial services provider’s stock worth $4,959,000 after purchasing an additional 10,042 shares during the period. Maltese Capital Management LLC grew its holdings in Oak Valley Bancorp by 9.1% in the third quarter. Maltese Capital Management LLC now owns 107,200 shares of the financial services provider’s stock worth $1,800,000 after purchasing an additional 8,975 shares during the period. Finally, Delphi Management Inc. MA acquired a new stake in Oak Valley Bancorp in the third quarter worth $307,000. Institutional investors and hedge funds own 14.33% of the company’s stock.
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Oak Valley Bancorp Company Profile
Oak Valley Bancorp is a bank holding company. The Company operates through its subsidiary, Oak Valley Community Bank (the Bank). The Bank operates in two primary business segments: Retail Banking and Commercial Banking. The Retail Banking segment offers a range of checking and savings accounts, including Negotiable Order of Withdrawal accounts, money market accounts, overdraft protection, health savings accounts, certificates of deposit and Individual Retirement Accounts.
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