OAKDALE, Calif., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Oak Valley Community Bank (OVCB), a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ:OVLY), announced that the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has awarded Modesto Gospel Mission (MGM) with a 2024 AHP grant for two-million dollars. This significant funding will propel MGM's efforts to provide emergency shelter and other vital services to the neediest residents of Modesto. MGM worked collaboratively with OVCB to apply for support of MGM's Restoration Woods, located at 1400 Yosemite Boulevard, which includes the rehabilitation of existing transitional housing and supportive services that will serve 134 in
OAKDALE, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ:OVLY) (the "Company"), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended June 30, 2024, consolidated net income was $5,889,000, or $0.71 per diluted share (EPS), as compared to $5,727,000, or $0.69 EPS, for the prior quarter and $8,404,000, or $1.02 EPS, for the same period a year ago. Consolidated net income for the six months ended June 30, 2024 was $11,616,000, or $1.41 EPS, compared to $17,629,000 or $2.14 EPS for the same period of 2023. The increase in second quarter
OAKDALE, Calif., June 24, 2024 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ:OVLY) (the "Company"), the bank holding company for Oak Valley Community Bank (the "Bank") and their Eastern Sierra Community Bank division, announced the retirement of Ronald C. Martin from the Bank and Company's Boards of Directors, effective June 30, 2024. Martin joined Oak Valley Community Bank as President and Chief Executive Officer in 1992, shortly after its formation. In 2004, Martin passed the role of President to current CEO, Chris Courtney and retained the CEO title until his retirement in 2013 continuing to serve as Director for the ten years that followed. Martin played a pivotal role in building t
SC 13G/A - Oak Valley Bancorp (0001431567) (Subject)
OAKDALE, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ:OVLY) (the "Company"), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended June 30, 2024, consolidated net income was $5,889,000, or $0.71 per diluted share (EPS), as compared to $5,727,000, or $0.69 EPS, for the prior quarter and $8,404,000, or $1.02 EPS, for the same period a year ago. Consolidated net income for the six months ended June 30, 2024 was $11,616,000, or $1.41 EPS, compared to $17,629,000 or $2.14 EPS for the same period of 2023. The increase in second quarter
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 Bank division, recently reported unaudited consolidated financial results for the first quarter of 2024. For the three months ended March 31, 2024, consolidated net income was $5,727,000, or $0.69 per diluted share (EPS). This compared to consolidated net income of $5,865,000, or $0.71 EPS, for the prior quarter and $9,225,000, or $1.12 EPS, for the same period a year ago. The net income decrease compared to prior periods was primarily the result of an increase in deposit interest expense. Average cos
OAKDALE, Calif., Jan. 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 Bank division, recently reported unaudited consolidated financial results. For the three months ended December 31, 2023, consolidated net income was $5,865,000 or $0.71 per diluted share (EPS), as compared to $7,354,000, or $0.89 EPS, for the prior quarter and $9,475,000, or $1.15 EPS for the same period a year ago. Consolidated net income for the year ended December 31, 2023, totaled $30,848,000, or $3.75 EPS, representing an increase of 34.7% compared to $22,902,000, or $2.79 EPS for 2022. The decrea
Recent insider activity at Oak Valley Bancorp (CA) has been notable, with Director Lafferty Allison purchasing $2,350 worth of shares (100 units at $23.50) on June 10th. This transaction increased Lafferty's direct ownership by 2% to 5,850 units, as reported in SEC Form 4. Such insider purchases are often seen as positive signals by investors, indicating confidence in the company's growth prospects. When looking at other insider transactions within the company, patterns start to emerge. Dehart Julie, Ghan Cathy, Booke Kimberly D, Roland Theresa, Stephens Gary, Gilbert James L, Withrow Terrance P, and Strong Gary have all made purchases of shares in recent months. Notably, these individuals
Oak Valley (NASDAQ:OVLY) reported quarterly earnings of $0.71 per share. This is a 30.39 percent decrease over earnings of $1.02 per share from the same period last year. The company reported $19.05 million in sales this quarter. This is a 9.54 percent decrease over sales of $21.06 million the same period last year.
Recent insider activity at Oak Valley Bancorp (CA) has been notable, with Director Lafferty Allison purchasing $2,350 worth of shares (100 units at $23.50) on June 10th. This transaction increased Lafferty's direct ownership by 2% to 5,850 units, as reported in SEC Form 4. Such insider purchases are often seen as positive signals by investors, indicating confidence in the company's growth prospects. When looking at other insider transactions within the company, patterns start to emerge. Dehart Julie, Ghan Cathy, Booke Kimberly D, Roland Theresa, Stephens Gary, Gilbert James L, Withrow Terrance P, and Strong Gary have all made purchases of shares in recent months. Notably, these individuals
What is a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the financial services sector that may be worth watching: Oak Valley (NASDAQ:OVLY) - P/E: 6.4 Peapack Gladstone Finl (NASDAQ:PGC) - P/E: 8.5 Security National Finl (NASDAQ:SNFCA) - P/E: 5.99 CNFinance Hldgs (NYSE:CNF) - P/E: 7.13 Intl General Insurance (NASDAQ:IGIC) - P/E: 6.29 Most recently, Oak Valley reported earnings per share at $0.89, whereas in Q2
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OAKDALE, Calif., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Oak Valley Community Bank (OVCB), a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ:OVLY), announced that the Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has awarded Modesto Gospel Mission (MGM) with a 2024 AHP grant for two-million dollars. This significant funding will propel MGM's efforts to provide emergency shelter and other vital services to the neediest residents of Modesto. MGM worked collaboratively with OVCB to apply for support of MGM's Restoration Woods, located at 1400 Yosemite Boulevard, which includes the rehabilitation of existing transitional housing and supportive services that will serve 134 in
OAKDALE, Calif., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently announced the promotions of Julie DeHart to Executive Vice President, Retail Banking Group, and Cathy Ghan to Executive Vice President, Commercial Real Estate Group. DeHart originally joined Oak Valley in 2005, at a time when the bank was gearing up for expansion. During her tenure, she has established herself as an invaluable resource for peers and management, which led to numerous promotions over the years. Prior to this promotion, she held a variety of management level roles at multiple br
10-Q - Oak Valley Bancorp (0001431567) (Filer)
8-K - Oak Valley Bancorp (0001431567) (Filer)
8-K - Oak Valley Bancorp (0001431567) (Filer)