In recent trading activity, Oak Valley Bancorp (NASDAQ:OVLY) director Terrance P. Withrow reported acquiring shares of the company's common stock through automatic dividend reinvestment, according to a Form 4 filing with the Securities and Exchange Commission. The transactions, which occurred on three separate dates, represent a total investment of $13,882.
The first purchase took place on February 13, 2023, with Withrow buying 148.02 shares at a price of $27.35 each. The second transaction was executed on August 14, 2023, where he acquired 152.19 shares at $26.76 per share. The most recent buy occurred on February 12, 2024, with 224.79 shares added to Withrow's holdings at $25.63 per share. The prices paid for these shares ranged between $25.63 and $27.35.
Following these transactions, Withrow's total ownership in Oak Valley Bancorp has increased, reflecting his continued investment in the company. The purchases were made through a brokerage account that automatically reinvests dividends, indicating a long-term interest in the company's performance and a reinvestment of profits back into Oak Valley Bancorp shares.
Investors often monitor insider buying as it can signal confidence in the company's future prospects. Withrow's role as a director and his recent stock purchases may be seen as a positive sign by the market. Oak Valley Bancorp, a state commercial bank headquartered in Oakdale, California, has not publicly commented on these transactions.
InvestingPro Insights
Oak Valley Bancorp (NASDAQ:OVLY) director Terrance P. Withrow's recent share purchases through automatic dividend reinvestment highlight a pattern of consistent investment in the company. This commitment is further underscored by an InvestingPro Tip that Oak Valley Bancorp has raised its dividend for 10 consecutive years, showcasing a stable and shareholder-friendly policy. Additionally, Withrow's continued buying aligns with another InvestingPro Tip that the company is trading at a low earnings multiple, with a P/E Ratio of just 7.09, suggesting that the shares may be undervalued relative to earnings.
Real-time data from InvestingPro shows that Oak Valley Bancorp has a market capitalization of $193.19 million and maintains a price/book ratio of 1.18, indicating that the company's stock is trading close to its book value. Moreover, despite recent market volatility, Oak Valley Bancorp has demonstrated profitability over the last twelve months, with a basic EPS (Continuing Operations) of $3.34. These metrics, particularly the earnings multiple and dividend consistency, are relevant to investors considering the company's financial health and potential for long-term value.
For more in-depth analysis and additional InvestingPro Tips, readers can explore the full suite of metrics and insights available on InvestingPro. There are currently 5 more tips listed for Oak Valley Bancorp, providing a comprehensive view of the company's financial standing. To enhance your investment research, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.