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On March 12, Don Barton, a director at Oak Valley Bancorp (NASDAQ:OVLY), executed a series of stock sales totaling $5,855. The transactions were carried out under a pre-established 10b5-1 sales plan, according to the SEC filing. The sale comes as Oak Valley shares trade near their 52-week low of $23.00, having declined about 15% year-to-date. According to InvestingPro, the stock is currently trading close to its Fair Value.
Barton sold a total of 200 shares of common stock at prices ranging from $24.03 to $24.592 per share. Following these transactions, Barton retains ownership of 35,385 shares in the company, representing a stake in the $202 million market cap institution.
Oak Valley Bancorp, headquartered in Oakdale, California, operates as a state commercial bank. The company’s shares are traded on the NASDAQ under the ticker symbol OVLY. The bank maintains a strong dividend track record, having raised its dividend for 11 consecutive years, with a current yield of 2.4%. InvestingPro subscribers can access additional insights and metrics about Oak Valley’s financial health and growth prospects.
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