Last $9.78 USD
Change Today -0.008 / -0.08%
Volume 10.1K
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

oak valley bancorp (OVLY) Key Developments

Oak Valley Bancorp Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014

Oak Valley Bancorp reported unaudited consolidated financial results for the first quarter ended March 31, 2014. For the quarter, the company reported net income available to common shareholders of $1.408 million or $0.18 per diluted common share against net income available to common shareholders of $1.232 million or $0.16 per diluted common share for the same period a year ago. Net interest income was $6.1 million, an increase of $0.255 million or 4.4% over net interest income of $5.8 million for the same period last year. Net income before income taxes was $2.033 million against $1.895 million a year ago. Return on average common equity was 8.59% against 7.82% a year ago. Return on average assets was $0.84% against 0.81% a year ago. Book value per common share as at March 31, 2014 was $8.40 against $8.10 as at March 31, 2014.

Oak Valley Bancorp Restates Unaudited Consolidated Earnings Results for the Fourth Quarter Ended December 31, 2013

Oak Valley Bancorp restated unaudited consolidated earnings results for the fourth quarter ended December 31, 2013. For the quarter, the company's net income available to common shareholders was a record $1.7 million, or $0.22 per diluted share. This compared to consolidated net income available to common shareholders of $1.4 million, or $0.18 per diluted share for the three months ended December 31, 2012 and represented a 21.5% increase over the prior year. Net interest income was $6,372,000 against $6,115,000 a year ago. Income before income taxes was $2,516,000 against $2,207,000 a year ago. Diluted earnings per common share were $0.22 against $0.18 a year ago. Return on average common equity was 10.47% against 8.87% a year ago. Return on average assets was 1.01% against 0.91% a year ago. Book value per share was $8.14 against $7.99 a year ago.

Oak Valley Bancorp expected to report Q1 2014 results on April 19, 2014. This event was calculated by Capital IQ (Created on January 24, 2014).

Oak Valley Bancorp expected to report Q1 2014 results on April 19, 2014. This event was calculated by Capital IQ (Created on January 24, 2014).

Oak Valley Bancorp Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Oak Valley Bancorp announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the three months ended December 31, 2013, consolidated net income available to common shareholders was a record $1.7 million, or $0.22 per diluted share. This compared to consolidated net income available to common shareholders of $1.4 million, or $0.18 per diluted share for the three months ended December 31, 2012 and represented a 21.5% increase over the prior year. Net interest income was $6,372,000 against $6,115,000 a year ago. Return on average common equity was 10.47% against 8.87% a year ago. Return on average assets was 1.01% against 0.91% a year ago. Book value per share was $8.24 against $7.99 a year ago. The company’s net income for 2013 totaled $5.9 million compared to $5.8 million for 2012. After adjustment for preferred stock dividends and accretion, consolidated net income available to common shareholders was $5.8 million, or $0.74 per diluted share, compared to consolidated net income of $5.3 million, or $0.69 per diluted common share, in 2012. This represents a 9.2% increase in consolidated net income available to common shareholders and marks a new annual earnings record for Oak Valley Bancorp. Net interest income of $24.3 million for the year ended December 31, 2013, decreased by $570,000, or 2.3%, from the prior year. The year began with margin compression, corresponding to low loan pricing and high cash balances. The margin stabilized in the second half of the year, as cash was deployed into new loans. Return on average common equity was 9.07% against 8.80% a year ago. Return on average assets was 0.90% against 0.95% a year ago. Book value per share was $8.24 against $7.99 a year ago.

Oak Valley Bancorp Declares Cash Dividend Payable on January 21, 2014

Oak Valley Bancorp announced that it has declared the payment of a cash dividend of $0.10 per share of common stock to its shareholders of record at the close of business on January 6, 2014. The payment date will be January 21, 2014.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
OVLY:US $9.78 USD -0.008

OVLY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Auburn National Bancorporation Inc $23.69 USD 0.00
Fauquier Bankshares Inc $15.30 USD +0.17
First Community Corp/SC $10.99 USD +0.0199
Premier Valley Bank $5.90 USD 0.00
United Security Bancshares/Fresno CA $5.49 USD +0.05
View Industry Companies
 

Industry Analysis

OVLY

Industry Average

Valuation OVLY Industry Range
Price/Earnings 13.2x
Price/Sales 2.8x
Price/Book 1.2x
Price/Cash Flow 13.4x
TEV/Sales 1.1x
 | 

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact OAK VALLEY BANCORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.