Fourthstone LLC Buys 131,248 Shares of Oak Valley Bancorp (NASDAQ:OVLY)

Fourthstone LLC raised its stake in Oak Valley Bancorp (NASDAQ:OVLY) by 66.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 329,031 shares of the financial services provider’s stock after acquiring an additional 131,248 shares during the period. Oak Valley Bancorp comprises about 2.7% of Fourthstone LLC’s investment portfolio, making the stock its 18th largest position. Fourthstone LLC owned 3.97% of Oak Valley Bancorp worth $7,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of OVLY. First Republic Investment Management Inc. acquired a new stake in shares of Oak Valley Bancorp during the fourth quarter worth approximately $3,398,000. rhino investment partners Inc increased its holdings in Oak Valley Bancorp by 28.7% during the 4th quarter. rhino investment partners Inc now owns 168,063 shares of the financial services provider’s stock valued at $3,807,000 after purchasing an additional 37,461 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Oak Valley Bancorp by 44.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 68,583 shares of the financial services provider’s stock valued at $1,623,000 after purchasing an additional 21,028 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Oak Valley Bancorp in the fourth quarter worth $400,000. Finally, American Century Companies Inc. bought a new stake in shares of Oak Valley Bancorp during the first quarter worth $337,000. 27.40% of the stock is currently owned by institutional investors and hedge funds.

Oak Valley Bancorp Trading Up 0.6 %

Shares of OVLY traded up $0.16 during mid-day trading on Tuesday, hitting $26.14. 5,432 shares of the company traded hands, compared to its average volume of 28,047. The stock has a market capitalization of $216.49 million, a price-to-earnings ratio of 6.31 and a beta of 0.36. The business has a 50-day moving average of $26.02 and a 200 day moving average of $25.07. Oak Valley Bancorp has a one year low of $17.39 and a one year high of $28.68.

Oak Valley Bancorp (NASDAQ:OVLY) last posted its quarterly earnings data on Friday, July 21st. The financial services provider reported $1.02 earnings per share (EPS) for the quarter. The firm had revenue of $21.06 million for the quarter. Oak Valley Bancorp had a return on equity of 26.01% and a net margin of 40.87%.

Oak Valley Bancorp Announces Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, July 31st were issued a dividend of $0.16 per share. The ex-dividend date was Friday, July 28th. This represents a yield of 1.2%. Oak Valley Bancorp’s dividend payout ratio is currently 7.77%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Oak Valley Bancorp in a research report on Thursday, August 17th. They set a “hold” rating on the stock.

Oak Valley Bancorp Profile

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.