Allison Lafferty buys $2,500 of Oak Valley Bancorp stock By Investing.com

In a recent move, Allison Lafferty, a director at Oak Valley Bancorp (NASDAQ:OVLY), acquired additional shares in the company. The transaction, which took place on August 21, involved the purchase of 100 shares at a price of $25.00 each, totaling an investment of $2,500.

This purchase increases Lafferty’s stake in the regional bank, which is known for serving the needs of individuals and business owners in California. Following the transaction, Lafferty now owns a total of 5,950 shares of Oak Valley Bancorp common stock.

Investors often monitor insider buying and selling as it can provide insights into a company’s financial health and future prospects. The recent acquisition by a member of the company’s board could be seen as a sign of confidence in the bank’s ongoing performance and value.

Oak Valley Bancorp, headquartered in Oakdale, California, operates as a state commercial bank and provides various banking services to individual and corporate customers. As directors like Lafferty continue to invest in the company, shareholders may take this as a positive indicator of the bank’s potential growth and stability.

Investors interested in Oak Valley Bancorp’s stock can follow its performance on the NASDAQ under the ticker symbol OVLY.

In other recent news, Oak Valley Bancorp held its Annual Meeting of Stockholders, resulting in significant decisions. The first proposal was to re-elect four board members, all of whom received a strong vote of confidence from shareholders and were reinstated for a three-year term. The board members include Donald L. Barton, Thomas A. Haidlen, Daniel L. Leonard, and Richard A. McCarty.

The second proposal was to ratify the appointment of RSM US, LLP as the company’s registered public accounting firm for the year 2024. This proposal received substantial support, further indicating shareholders’ trust in the company’s management and operational decisions. These recent developments underscore the stability and continuity in Oak Valley Bancorp’s leadership and strategic direction.

InvestingPro Insights

Oak Valley Bancorp (NASDAQ:OVLY) has recently been in the spotlight due to insider transactions, with director Allison Lafferty increasing her stake in the company. For investors seeking deeper insights, InvestingPro offers valuable metrics and tips to consider.

InvestingPro Data shows that Oak Valley Bancorp has a market capitalization of $205.84 million and a Price to Earnings (P/E) ratio of 8.22, suggesting a potentially attractive valuation compared to industry peers. Despite a recent drop in share price over the last week, with a 1-week total return of -7.8%, the company has shown a commitment to shareholder returns, having raised its dividend for 11 consecutive years, a testament to its financial resilience.

One of the InvestingPro Tips highlights that Oak Valley Bancorp has maintained dividend payments over this period, with the latest data indicating a dividend yield of 1.83%. Moreover, the bank has been profitable over the last twelve months, which can be reassuring for investors looking for stable earnings.

Despite these positive aspects, another InvestingPro Tip points out that the company suffers from weak gross profit margins. This could be a concern for investors focused on operational efficiency and long-term profitability.

For those interested in a more comprehensive analysis, InvestingPro offers additional tips on Oak Valley Bancorp. These insights can help investors make informed decisions by understanding the broader financial landscape of the company.

To explore these insights further, visit InvestingPro’s full list of tips for Oak Valley Bancorp at https://www.investing.com/pro/OVLY.

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