Seizert Capital Partners LLC Raises Stock Holdings in Oak Valley Bancorp (NASDAQ:OVLY)

Seizert Capital Partners LLC boosted its holdings in shares of Oak Valley Bancorp (NASDAQ:OVLY) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,539 shares of the financial services provider’s stock after acquiring an additional 2,217 shares during the quarter. Seizert Capital Partners LLC’s holdings in Oak Valley Bancorp were worth $425,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Oak Valley Bancorp by 0.6% in 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 during the last quarter. FMR LLC grew its stake in Oak Valley Bancorp by 0.4% in the 3rd quarter. FMR LLC now owns 217,128 shares of the financial services provider’s stock worth $5,769,000 after acquiring an additional 842 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Oak Valley Bancorp by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,772 shares of the financial services provider’s stock worth $608,000 after acquiring an additional 1,679 shares in the last quarter. Empowered Funds LLC increased its position in shares of Oak Valley Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 38,004 shares of the financial services provider’s stock worth $1,010,000 after acquiring an additional 1,876 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Oak Valley Bancorp by 2.4% during the third quarter. Geode Capital Management LLC now owns 155,526 shares of the financial services provider’s stock valued at $4,133,000 after acquiring an additional 3,646 shares in the last quarter. Institutional investors own 30.86% of the company’s stock.

Oak Valley Bancorp Trading Down 1.6 %

Shares of Oak Valley Bancorp stock opened at $25.33 on Thursday. Oak Valley Bancorp has a 12 month low of $23.00 and a 12 month high of $32.24. The stock’s fifty day moving average price is $27.08 and its 200-day moving average price is $27.54. The firm has a market cap of $211.73 million, a P/E ratio of 8.39 and a beta of 0.33.

Oak Valley Bancorp (NASDAQ:OVLY) last posted its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.73 EPS for the quarter. Oak Valley Bancorp had a net margin of 28.03% and a return on equity of 14.28%.

Oak Valley Bancorp Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.30 dividend. This is an increase from Oak Valley Bancorp’s previous semi-annual dividend of $0.23. The ex-dividend date was Monday, February 3rd. This represents a yield of 1.7%. Oak Valley Bancorp’s payout ratio is 19.87%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Oak Valley Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 11th.

Insiders Place Their Bets

In other news, Director Gary Strong bought 1,000 shares of Oak Valley Bancorp stock in a transaction on Wednesday, January 8th. The stock was acquired at an average cost of $27.17 per share, for a total transaction of $27,170.00. Following the completion of the acquisition, the director now owns 11,842 shares of the company’s stock, valued at $321,747.14. This trade represents a 9.22 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director H Randolph Holder, Jr. purchased 2,393 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were purchased at an average cost of $25.00 per share, with a total value of $59,825.00. Following the completion of the transaction, the director now owns 150,026 shares of the company’s stock, valued at approximately $3,750,650. The trade was a 1.62 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 9,924 shares of company stock worth $256,577 over the last 90 days. Company insiders own 19.26% of the company’s stock.

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.