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In a recent transaction, Don Barton, a director at Oak Valley Bancorp (NASDAQ:OVLY), sold shares totaling $3,337. The sales occurred on March 12, 2025, with prices ranging from $24.5973 to $24.94 per share. Following these transactions, Barton holds 35,250 shares of the company’s common stock. The stock, currently trading at $23.75, has seen a notable decline of about 15% year-to-date, according to InvestingPro data.
The transactions were executed under a 10b5-1 sales plan, a prearranged trading plan that allows insiders to sell a predetermined number of shares at set times. This strategy is often used to avoid any potential allegations of insider trading. With a P/E ratio of 8.09 and trading near its 52-week low, InvestingPro analysis suggests the stock may be undervalued.
Oak Valley Bancorp, headquartered in Oakdale, California, operates as a state commercial bank. The company, with a market capitalization of $202 million, is known for providing a range of financial services to individuals and businesses in its region. Notable for its strong dividend history, the bank has raised its dividend for 11 consecutive years and maintains a "GOOD" financial health score according to InvestingPro, which offers additional insights and metrics for investors.
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