Fed’s Powell opens door to potential rate cuts at Jackson Hole
OAKDALE, Calif.—Barton Don, a director at Oak Valley Bancorp (NASDAQ:OVLY), recently sold a total of $10,271 worth of company stock, according to a regulatory filing with the Securities and Exchange Commission. The transactions, executed on February 12, involved the sale of multiple shares of common stock at prices ranging from $27.30 to $27.79 per share. The stock has since shown strong momentum, gaining over 9% in the past week to reach $28.31. InvestingPro data reveals the company maintains a "GREAT" overall financial health score of 3.18 out of 4.
Following these transactions, Don holds 35,625 shares of Oak Valley Bancorp. The sales were conducted under a pre-established 10b5-1 plan, which allows insiders to sell a predetermined number of shares at a set time to avoid potential insider trading accusations. The bank stock currently trades at an attractive P/E ratio of 9.37x, with a dividend yield of 2.12%.
Oak Valley Bancorp, based in Oakdale, California, operates as a state commercial bank providing financial services to individuals and businesses. With a market capitalization of $235 million, the bank has demonstrated strong dividend commitment, having maintained payments for 12 consecutive years. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with additional insights available to subscribers.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.