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Oak Valley Bancorp - OVLY STOCK NEWS

Welcome to our dedicated news page for Oak Valley Bancorp (Ticker: OVLY), a resource for investors and traders seeking the latest updates and insights on Oak Valley Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Oak Valley Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Oak Valley Bancorp's position in the market.

News
Oak Valley Bancorp Reports 1st Quarter Results
Rhea-AI Summary
Oak Valley Bancorp reported unaudited consolidated financial results for the first quarter of 2024, with a net income of $5,727,000, EPS of $0.69, and a decrease in net interest income due to increased deposit interest expense. Non-interest income and total assets also showed changes compared to prior periods.
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CORRECTION – Oak Valley Bancorp Reports 4th Quarter Results and Announces Cash Dividend
Rhea-AI Summary
Oak Valley Bancorp (OVLY) reported a decrease in net income for the fourth quarter of 2023 compared to the prior quarter, mainly due to a credit loss provision and an increase in deposit interest expense. However, the year-end consolidated net income increased by 34.7% compared to the previous year, driven by higher yields on earning assets. The company also declared a cash dividend of $0.225 per share of common stock, amounting to approximately $1,866,000.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
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dividends
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Oak Valley Bancorp Reports 4th Quarter Results and Announces Cash Dividend
Rhea-AI Summary
Oak Valley Bancorp (OVLY) reported unaudited consolidated financial results for the three months ended December 31, 2023. Consolidated net income was $5,865,000, a decrease from the prior quarter and year-ago period. However, the net income for the year ended December 31, 2023, totaled $30,848,000, representing an increase of 34.7% compared to the previous year. The decrease in quarterly earnings is attributed to a credit loss provision of $1,130,000 and an increase in deposit interest expense. The company's net interest income was $17,914,000 for the fourth quarter, and $75,802,000 for the year ended December 31, 2023, reflecting a decrease from the prior quarter but an increase from the same period a year ago. Non-interest income and non-interest expense also showed increases for the fourth quarter and year ended December 31, 2023. Total assets, gross loans, and total deposits also experienced fluctuations during the year.
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Oak Valley Community Bank Announces Key Additions to Executive Management Team
Rhea-AI Summary
Oak Valley Bancorp (OVLY) Announces Key Additions to Executive Management Team
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End-of-Day
-1.08%
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Oak Valley Bancorp Reports 3rd Quarter Results
Rhea-AI Summary
Oak Valley Bancorp reports unaudited consolidated financial results for Q3 2023. Consolidated net income was $7.35 million, a decrease compared to the prior quarter. Net interest income for the quarter was $18.94 million. Non-interest income was $1.57 million. Non-interest expense was $10.58 million. Total assets were $1.84 billion. Gross loans were $971.2 million. Total deposits were $1.67 billion. Non-performing assets remained at zero. The allowance for credit losses increased to 1.00%.
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End-of-Day
0.21%
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Oak Valley Community Bank Announces Commercial Banking Officer Hiring
Rhea-AI Summary
Oak Valley Community Bank announces Eric J. Manning as Vice President, Commercial Banking Officer
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Rhea-AI Sentiment
End-of-Day
3.62%
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Oak Valley Bancorp Reports 2nd Quarter Results And Announces Cash Dividend
Rhea-AI Summary
Oak Valley Bancorp (NASDAQ: OVLY) reported unaudited consolidated financial results for the three and six months ended June 30, 2023. The company's net income was $8,404,000 for Q2, with an EPS of $1.02, compared to $9,225,000 and $1.12 EPS for the prior quarter. For the six months ended June 30, 2023, net income was $17,629,000, or $2.14 EPS, compared to $6,627,000 or $0.81 EPS for the same period of 2022. The increase in net income was attributed to net interest income increases, triggered by FOMC rate hikes, and growth of the investment and loan portfolios. Non-interest income and expenses also showed positive trends. Total assets decreased, while gross loans and total deposits increased. The Company also declared a cash dividend of $0.16 per share of common stock.
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Oak Valley Bancorp Reports 1st Quarter Results
Rhea-AI Summary
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8.33%
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earnings
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Oak Valley Community Bank Announces Commercial Banking Officer Hiring
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0.11%
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Oak Valley Bancorp Reports 4th Quarter Results and Announces Cash Dividend
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Oak Valley Bancorp

Nasdaq:OVLY

OVLY Rankings

#3721 Ranked by Market Cap
#822 Ranked by Stock Gains
#1476 Ranked by Dividends

OVLY Stock Data

193.77M
6.54M
18.12%
31.57%
1.74%
Commercial Banking
Finance and Insurance
Link
United States
Oakdale

About OVLY

oak valley is located in the heart of california’s central valley and serves a growing footprint spanning five counties and reaching into the eastern sierra nevada. small to medium-sized businesses, professionals and individuals are attracted to our unique style of service. service that our employees take pride in delivering. located in oakdale, oak valley boasts the designation of being the only nasdaq traded company headquartered in stanislaus county. embracing a team philosophy and promoting from within characterize how the employees of oak valley manage for success under a long term growth strategy. team-wide commitment to a culture of service and community provide the foundation for a well thought out de novo branch approach, we refer to as our “rolling 10 year plan.” in our 24 year history, execution of this plan has transformed the bank from a single branch operation in oakdale, to 15 locations (16th under construction) and just under $800 million in assets. dynamic individual