Oak Valley Bancorp director Allison Lafferty buys $9,711 in stock

Allison Lafferty, a director at Oak Valley Bancorp (NASDAQ:OVLY), recently acquired 381 shares of the company’s common stock. The purchase, executed on February 6, 2025, was made at a price of $25.49 per share, totaling $9,711. According to InvestingPro analysis, the stock currently trades at an attractive P/E ratio of 8.6x, with the company maintaining a "GREAT" overall financial health score. Following this transaction, Lafferty’s direct ownership of Oak Valley Bancorp shares increased to 6,331. This acquisition reflects Lafferty’s ongoing investment in the state commercial bank headquartered in Oakdale, California. The bank has demonstrated strong shareholder returns, having raised its dividend for 11 consecutive years, with a current yield of 2.3%. InvestingPro subscribers can access additional insights and metrics about Oak Valley Bancorp’s financial performance and valuation.

In other recent news, Oak Valley Community Bank has announced the appointment of David Skitarelic as Vice President, Commercial Banking Officer. This development comes as part of the bank’s strategic expansion in commercial banking operations. Skitarelic, with a notable 30-year tenure in commercial banking within the Sacramento region, is expected to enhance the bank’s commercial lending services significantly. Operating from the Roseville branch, Skitarelic’s role will primarily focus on commercial lending and business development in the Greater Sacramento area. Gary Stephens, EVP Commercial Banking Group, has expressed confidence in Skitarelic’s potential to make an immediate impact due to his established community relationships. The bank’s commitment to serving local communities is further emphasized by this appointment. These are some of the recent developments in Oak Valley Community Bank.

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