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Oak Valley Bancorp

Oak Valley Bancorp (OVLY)

23.20
-0.61
(-2.56%)
Closed June 15 4:00PM
23.31
0.11
(0.47%)
After Hours: 7:59PM

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Key stats and details

Current Price
23.20
Bid
9.33
Ask
24.86
Volume
36,247
23.00 Day's Range 24.20
22.91 52 Week Range 30.70
Market Cap
Previous Close
23.81
Open
23.53
Last Trade Time
Financial Volume
$ 861,716
VWAP
23.7734
Average Volume (3m)
9,916
Shares Outstanding
8,293,168
Dividend Yield
1.66%
PE Ratio
6.27
Earnings Per Share (EPS)
3.72
Revenue
79.7M
Net Profit
30.85M

About Oak Valley Bancorp

Oak Valley Bancorp is a bank holding company which operates through Oak Valley Community Bank (the Bank). The Bank offers a complement of business checking and savings accounts for its business customers. The Bank also offers commercial and real estate loans, as well as lines of credit. In addition,... Oak Valley Bancorp is a bank holding company which operates through Oak Valley Community Bank (the Bank). The Bank offers a complement of business checking and savings accounts for its business customers. The Bank also offers commercial and real estate loans, as well as lines of credit. In addition, the bank provides other services for both individuals and businesses including online banking, remote deposit capture, mobile banking, merchant services, night depository, extended hours, wire transfer of funds, note collection, and automated teller machines in a national network. Its primary source of revenue is net interest income. Show more

Sector
State Commercial Banks
Industry
State Commercial Banks
Website
Headquarters
Oakdale, California, USA
Founded
1970
Oak Valley Bancorp is listed in the State Commercial Banks sector of the NASDAQ with ticker OVLY. The last closing price for Oak Valley Bancorp was $23.81. Over the last year, Oak Valley Bancorp shares have traded in a share price range of $ 22.91 to $ 30.70.

Oak Valley Bancorp currently has 8,293,168 shares outstanding. The market capitalization of Oak Valley Bancorp is $193.31 million. Oak Valley Bancorp has a price to earnings ratio (PE ratio) of 6.27.

OVLY Latest News

Oak Valley Community Bank Announces Branch Manager Hiring

OAKDALE, Calif, June 11, 2024 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that Melissa Loeb has joined the bank as...

Oak Valley Bancorp Honored with the 2023 Raymond James Community Bankers Cup Award

OAKDALE, Calif., May 30, 2024 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY), the parent company of Oak Valley Community Bank, has been awarded the 2023 Raymond James Community Bankers...

Oak Valley Community Bank Named One of Central Valley’s Best Places to Work

OAKDALE, Calif., April 26, 2024 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY) is pleased to announce that it was named by Best...

Oak Valley Bancorp Reports 1st Quarter Results

OAKDALE, Calif., April 19, 2024 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.1-0.42918454935623.324.323639923.63072297CS
4-1.58-6.3761097659424.7824.7823912523.68906202CS
12-1.19-4.8790487904924.3925.1823991623.84256707CS
26-5.95-20.411663807929.1530.722.911253725.64213414CS
52-2.54-9.8679098679125.7430.722.911938525.55550384CS
1564.6725.202374527818.5330.716.521583422.8321098CS
2604.1521.784776902919.0530.710.721375820.87177392CS

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OVLY Discussion

View Posts
whytestocks whytestocks 5 years ago
News: $OVLY Oak Valley Community Bank Announces Branch Manager Hiring

OAKDALE, Calif., Jan. 24, 2019 (GLOBE NEWSWIRE) -- Oak Valley Community Bank, a wholly owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that Judy Mitzel has joined the bank as Vice President, Branch Manager of the Stockton Branch located at 2935 W. March Lane. Mitzel bring...

In case you are interested https://marketwirenews.com/news-releases/oak-valley-community-bank-announces-branch-manager-hiring-7549010.html
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MisterEC MisterEC 8 years ago
Down fractionally on the news. Still some kick left here, but maybe not enough?Oak Valley Bancorp (CA) (OVLY)
FORM 10-Q | Quarterly Report
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MisterEC MisterEC 8 years ago
I sold out of all my position. I think growth is over for OVLY, and unless it gets bought out, possible, there are better places to put your cash.
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MisterEC MisterEC 8 years ago

Oak Valley Bancorp
Financial Highlights (unaudited)

($ in thousands, except per share)
Selected Quarterly Operating Data: 1st Quarter
2016 4th Quarter
2015 3rd Quarter
2015 2nd Quarter
2015 1st Quarter
2015

Net interest income $ 7,542 $ 6,647 $ 6,354 $ 6,200 $ 6,201
Provision for (reversal of) loan losses 200 - - - (125 )
Non-interest income 1,037 962 965 1,156 1,027
Non-interest expense 6,187 7,085 5,299 5,193 5,099
Net income before income taxes 2,192 524 2,020 2,163 2,254
Provision for income taxes 683 34 638 653 728
Net income $ 1,509 $ 490 $ 1,382 $ 1,510 $ 1,526

Earnings per common share - basic $ 0.19 $ 0.06 $ 0.17 $ 0.19 $ 0.19
Earnings per common share - diluted $ 0.19 $ 0.06 $ 0.17 $ 0.19 $ 0.19
Dividends paid per common share $ 0.12 $ - $ 0.11 $ - $ 0.100
Return on average common equity 7.68 % 2.49 % 7.17 % 7.94 % 8.22 %
Return on average assets 0.67 % 0.24 % 0.70 % 0.81 % 0.82 %
Net interest margin (1) 3.76 % 3.62 % 3.61 % 3.70 % 3.74 %
Efficiency ratio (2) 67.46 % 66.65 % 66.95 % 68.23 % 70.56 %

Capital - Period End
Book value per common share $ 9.76 $ 9.69 $ 9.55 $ 9.43 $ 9.39

Credit Quality - Period End
Nonperforming assets/ total assets 0.97 % 0.88 % 0.65 % 0.68 % 0.70 %
Loan loss reserve/ gross loans 1.33 % 1.36 % 1.55 % 1.59 % 1.63 %

Period End Balance Sheet
($ in thousands)
Total assets $ 905,750 $ 897,038 $ 793,723 $ 764,008 $ 753,552
Gross loans 568,227 541,032 477,327 463,463 453,165
Nonperforming assets 8,763 7,882 5,123 5,197 5,246
Allowance for loan losses 7,557 7,356 7,389 7,390 7,409
Deposits 822,440 814,691 712,577 683,937 672,991
Common equity 78,960 78,263 77,147 76,165 75,816

Non-Financial Data
Full-time equivalent staff 164 158 150 152 148
Number of banking offices 16 16 15 15 15

Common Shares outstanding
Period end 8,088,155 8,078,155 8,078,155 8,072,655 8,075,355
Period average - basic 8,008,602 7,996,644 7,994,857 7,992,296 7,972,225
Period average - diluted 8,051,776 8,045,090 8,040,577 8,036,691 8,024,756

Market Ratios
Stock Price $ 9.27 $ 10.40 $ 9.46 $ 9.86 $ 9.86
Price/Earnings 12.27 42.78 13.79 13.01 12.70
Price/Book 0.95 1.07 0.99 1.05 1.05


Contact:
Chris Courtney/Rick McCarty
Phone: (209) 848-2265
www.ovcb.com

Source: Oak Valley Bancorp

Click here for

http://investors.ovcb.com/file.aspx?IID=4206680&FID=33958298&printable=1
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MisterEC MisterEC 8 years ago
Oak Valley Bancorp Reports 1st Quarter Results


Company Release - 04/21/2016 17:40



OAKDALE, CA -- (Marketwired) -- 04/21/16 -- Oak Valley Bancorp (NASDAQ: OVLY) (the "Company"), the bank holding company for Oak Valley Community Bank and Eastern Sierra Community Bank, recently reported consolidated financial results. For the three months ended March 31, 2016, consolidated net income was $1,509,000, or $0.19 per diluted common share. This compared to consolidated net income of $490,000, or $0.06 per diluted common share, for the prior quarter and $1,526,000, or $0.19 per diluted common share, for the same period a year ago.

The slight decrease in net income compared to the first quarter of 2015 was primarily attributable to the $200,000 in loan loss provisions recognized during the first quarter of 2016 due to strong loan growth, compared to a $125,000 reversal of loan loss provisions associated with an impaired loan pay-off during the first quarter of last year. This loan pay-off also resulted in a $193,000 one-time recovery of impaired loan expenses. To a lesser extent, merger related expenses in connection with the Mother Lode Bank acquisition completed in December 2015 totaling $58,000 were recorded in the first quarter of 2016. Each of these adverse factors were offset in part by the revenue generated from the loan and deposit accounts acquired from Mother Lode Bank, which after servicing costs and other overhead expense contributed additional net income of approximately $279,000 during the first quarter of 2016.

The increase in net income compared to the prior quarter is attributable to various factors including the decrease in one-time merger related expenses from $1,086,000 last quarter to only $58,000 in the first quarter of 2016. Additionally, the Company benefited from a full quarter of earnings from the Mother Lode Bank acquisition which closed on December 23, 2015, and therefore contributed additional net income of approximately $242,000 compared to the prior quarter.

"With the merger complete and the corresponding data systems being successfully integrated in mid-April, we look forward to serving our newest clients with even greater efficiency," stated Chris Courtney, President and CEO. "Loan demand for the first quarter was solid and our commercial loan pipeline remains strong," added Courtney.

Total assets were $905.8 million at March 31, 2016, an increase of $8.7 million over December 31, 2015 and $152.2 million over March 31, 2015. Gross loans were $568.2 million at March 31, 2016, an increase of $27.2 million from December 31, 2015, and an increase of $115.1 million over March 31, 2015. The Company's total deposits were $822.4 million as of March 31, 2016, an increase of $7.7 million and $149.4 million from December 31, 2015 and March 31, 2015, respectively.

The balance sheet growth compared to March 31, 2015 includes acquired balances of $78.7 million in assets, including $45.8 million in gross loans, and $71.1 million in total deposits from Mother Lode Bank.

Net interest income for the three months ended March 31, 2016 was $7,542,000, compared to $6,647,000 in the prior quarter and $6,201,000 for the same period last year. The increase is mainly attributable to approximately $751,000 of additional net interest income that resulted from the acquisition of Mother Lode Bank, as well as the strong organic loan growth over the past twelve months. The net interest margin for the three months ended March 31, 2016 was 3.76%, compared to 3.62% for the prior quarter and 3.74% for the same period last year. The Company has experienced a slight decrease in loan and investment yields due to the low interest rate environment and competition, but has been able to offset this compression by shifting the asset mix from low interest earning cash balances into higher yielding loans and investments.

Non-interest expense totaled $6,187,000 for the quarter ended March 31, 2016, compared to $7,085,000 in the previous quarter and $5,099,000 in the same quarter a year ago. Compared to the prior quarter, merger expenses decreased by $1,028,000. The increase compared to the prior year is due primarily to an increase in salaries and benefits, associated with our new Sonora branch and other general operating costs needed to support the increased number of loan and deposit accounts.

Non-interest income was $1,037,000 for the quarter ended March 31, 2016, compared to $962,000 for the prior quarter and $1,027,000 for the same period last year. The increase compared to the prior periods is primarily the result of $88,000 in service charge income that was recognized in the first quarter from accounts acquired from Mother Lode Bank. This increase was offset in part by a decrease of $103,000 in one-time gains recognized on called investment securities compared to the first quarter of 2015.

As of March 31, 2016, non-performing assets were $8.8 million or 0.97% of total assets, compared to $7.9 million or 0.88% of total assets as of December 31, 2015 and $5.2 million or 0.70% of total assets as of March 31, 2015. The increase in non-performing assets compared to prior periods is due to one existing loan relationship that was placed on non-accrual status during the fourth quarter, and additional loans from the same borrower that were placed on non-accrual during the first quarter of 2016. Subsequent to March 31, 2016, the Company received proceeds that paid off the full principal amount owed from this borrower, which reduced non-performing assets by $3.9 million in April.

The Company recorded provision for loan losses of $200,000 during the first quarter of 2016 due to the significant loan growth which decreased the allowance for loan losses to 1.33% of gross loans at March 31, 2016 compared to 1.36% at December 31, 2015 and 1.63% at March 31, 2015. The decrease in the loan loss reserve percentage compared to March 31, 2015 is primarily due to the loans acquired from Mother Lode Bank that were recorded at fair value and thus did not require a loan loss reserve.

Oak Valley Bancorp operates Oak Valley Community Bank & Eastern Sierra Community Bank, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 16 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra Division, which includes Bridgeport, Mammoth Lakes and Bishop.

For more information, call 1-866-844-7500 or visit www.ovcb.com.

This press release includes forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

Forward-looking statements are based on management's knowledge and belief as of today and include information concerning the corporation's possible or assumed future financial condition, and its results of operations and business. Forward-looking statements are subject to risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, government policies and regulations (including monetary and fiscal policies), legislation, economic conditions, including increased energy costs in California, credit quality of borrowers, operational factors and competition in the geographic and business areas in which the company conducts its operations. All forward-looking statements included in this press release are based on information available at the time of the release, and the Company assumes no obligation to update any forward-looking statement.


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MisterEC MisterEC 8 years ago
Earnings were due today during market hours. I did not see them.

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MisterEC MisterEC 8 years ago
I got a partial fill at the open at 9.27. Good my order was GTC.
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MisterEC MisterEC 8 years ago
Current Report Filing (8-k)

Date : 02/01/2016 @ 12:24PM
Source : Edgar (US Regulatory)
Stock : Oak Valley Bancorp (CA) (MM) (OVLY)
Quote : 9.45 0.09 (0.96%) @ 4:00PM

Current Report Filing (8-k)



Date:

January 29, 2016



Contact:

Chris Courtney/Rick McCarty



Phone:

(209) 848-2265

www.ovcb.com



OAK VALLEY BANCORP REPORTS 4th QUARTER RESULTS



OAKDALE, CA - Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and Eastern Sierra Community Bank (the “Bank”), recently reported consolidated financial results for the fourth quarter and year of 2015. For the three months ended December 31, 2015, consolidated net income was $490,000, or $0.06 per diluted share. This compared to consolidated net income of $1,382,000, or $0.17 per diluted share, for the prior quarter and $1,642,000, or $0.20 per diluted share for the same period a year ago. The decrease in net income is attributable to one-time merger related expenses of $1,326,000, net of taxes ($1,971,000 pre-tax), associated with the Mother Lode Bank acquisition completed in December 2015.



Consolidated net income for 2015 totaled $4,908,000, or $0.61 per diluted share, representing a decrease of 31.1% compared to consolidated net income of $7,122,000, or $0.89 per diluted share for 2014. Year-to-date results in 2014 included a $1.88 million reversal of loan loss provisions related to the recovery of a charged off loan which bolstered net income in 2014 from normal operations, and combined with the 2015 merger expenses, further contributed to the year-over-year decrease in earnings.

http://ih.advfn.com/p.php?pid=nmona&article=70204145&symbol=OVLY
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MisterEC MisterEC 8 years ago
OAKDALE, CA – On January 19, 2016, the Board of Directors of Oak Valley Bancorp (NASDAQ: OVLY), the bank holding company for Oak Valley Community Bank and Eastern Sierra Community Bank, declared the payment of a cash dividend of $0.12 per share of common stock to its shareholders of record at the close of business on February 1, 2016. In aggregate, the distribution will amount to approximately $969,000. The payment date will be February 11, 2016.
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MisterEC MisterEC 8 years ago
Titus Danny L., Director disposes of 4,000 shares.

Explanation of Responses:
( 1) 4,000 shares gifted to four grandchildren, 1,000 shares each.

Future employee investors I am sure.
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MisterEC MisterEC 9 years ago
This is a solid company. It will not grow to be a giant on its own, but it presents some good trading opportunities, and has a dividend. It will likely be acquired one day.
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Penny Roger$ Penny Roger$ 12 years ago
~ Monday! $OVLY ~ Q2 Earnings alerted as posted, pending or coming soon! In Charts and Links Below!

~ $OVLY ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=OVLY&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=OVLY&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=OVLY
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=OVLY#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=OVLY+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=OVLY
Finviz: http://finviz.com/quote.ashx?t=OVLY
~ Marketwatch: http://www.marketwatch.com/investing/stock/OVLY/insideractions


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=OVLY >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.
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Stock Stock 15 years ago
Graduated from OTCBB to NASDAQ

01/15/2009 OVLY OVLY Oak Valley Bancorp (CA) Common Stock NCM 38,291,260

http://www.otcbb.com/dynamic/tradingdata/daily/graduations.htm
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