NasdaqCM:OVLY

Stock Analysis Report

Executive Summary

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides banking products and services to individuals and small and medium sized businesses in Oakdale, California, and surrounding areas.

Snowflake

Fundamentals

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Oak Valley Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.1%

OVLY

2.9%

US Banks

0.07%

US Market


1 Year Return

-11.2%

OVLY

8.6%

US Banks

8.9%

US Market

Return vs Industry: OVLY underperformed the US Banks industry which returned 8.6% over the past year.

Return vs Market: OVLY underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

OVLYIndustryMarket
7 Day1.1%2.9%0.07%
30 Day-1.4%3.4%-0.3%
90 Day-13.0%2.1%-1.6%
1 Year-9.9%-11.2%11.8%8.6%11.3%8.9%
3 Year67.2%60.1%54.8%44.1%46.3%36.8%
5 Year77.8%62.7%70.2%51.6%62.1%44.3%

Price Volatility Vs. Market

How volatile is Oak Valley Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Oak Valley Bancorp undervalued compared to its fair value and its price relative to the market?

7.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OVLY ($16.75) is trading below our estimate of fair value ($18.11)

Significantly Below Fair Value: OVLY is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: OVLY is good value based on its PE Ratio (11.1x) compared to the Banks industry average (12.6x).

PE vs Market: OVLY is good value based on its PE Ratio (11.1x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OVLY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OVLY is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Oak Valley Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OVLY's forecast earnings growth (3.3% per year) is above the savings rate (2.7%).

Earnings vs Market: OVLY's earnings (3.3% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: OVLY's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if OVLY's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if OVLY's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if OVLY's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Oak Valley Bancorp performed over the past 5 years?

14.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: OVLY's earnings have grown by 14.5% per year over the past 5 years.

Accelerating Growth: OVLY's earnings growth over the past year (29.2%) exceeds its 5-year average (14.5% per year).

Earnings vs Industry: OVLY earnings growth over the past year (29.2%) underperformed the Banks industry 29.7%.


Return on Equity

High ROE: OVLY's Return on Equity (11.5%) is considered low.


Return on Assets

ROA vs Industry: OVLY has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate OVLY's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Oak Valley Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: OVLY has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if OVLY's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: OVLY's level of assets compared to its equity is moderate.

Allowance for Bad Loans: OVLY has a sufficient allowance for bad loans.

Low Risk Liabilities: OVLY's liabilities are made up of primarily low risk sources of funding.

Loan Level: OVLY has an acceptable proportion of non-loan assets held.

Low Risk Deposits: OVLY's loans are broadly funded by customer deposits.

Level of Bad Loans: OVLY has an appropriate level of bad loans (0.13%)


Next Steps

Dividend

What is Oak Valley Bancorp's current dividend yield, its reliability and sustainability?

1.61%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: OVLY's dividend (1.61%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: OVLY's dividend (1.61%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: OVLY's dividend payments have been volatile in the past 10 years.

Growing Dividend: OVLY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.9%), OVLY's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Oak Valley Bancorp's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Chris Courtney (56yo)

6.3yrs

Tenure

US$746,342

Compensation

Mr. Christopher M. Courtney, also known as Chris, has been the Chief Executive Officer and President of Oak Valley BanCorp since July 2013 and May 2008 respectively. Mr. Courtney has been the Chief Executi ...


CEO Compensation Analysis

Compensation vs. Market: Chris's total compensation ($USD746.34K) is about average for companies of similar size in the US market ($USD509.30K).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.8yrs

Average Tenure

49yo

Average Age

Experienced Management: OVLY's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

11.6yrs

Average Tenure

72yo

Average Age

Experienced Board: OVLY's board of directors are seasoned and experienced ( 11.6 years average tenure).


Insider Trading

Insider Buying: OVLY insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$16,00003 Sep 19
H. Holder
EntityIndividual
Shares1,000
Max PriceUS$16.00
BuyUS$4,32727 Aug 19
Gary Stephens
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Commercial Banking Group
Shares258
Max PriceUS$16.77
BuyUS$6,23926 Aug 19
Thomas Haidlen
EntityIndividual
Role
Member of the Board of Directors
Director
Shares336
Max PriceUS$20.00
BuyUS$6,94122 Aug 19
Daniel Leonard
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares377
Max PriceUS$18.41
BuyUS$4,08715 Aug 19
James Gilbert
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares222
Max PriceUS$18.41
SellUS$18,09214 Aug 19
Ronald Martin
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$18.30
SellUS$2,46325 Jul 19
Richard McCarty
EntityIndividual
Role
Chief Operating Officer
Senior EVP
Shares126
Max PriceUS$19.55
SellUS$1,19325 Jul 19
Richard McCarty
EntityIndividual
Role
Chief Operating Officer
Senior EVP
Shares61
Max PriceUS$19.55
SellUS$9,67506 May 19
Ronald Martin
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$19.35
SellUS$18,80702 May 19
Ronald Martin
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$18.81
BuyUS$3,30801 Mar 19
H. Holder
EntityIndividual
Shares189
Max PriceUS$17.50
BuyUS$32,63426 Feb 19
Allison Lafferty
EntityIndividual
Shares1,766
Max PriceUS$20.44
SellUS$8,88225 Feb 19
Ronald Martin
EntityIndividual
Role
Member of the Board of Directors
Director
Shares494
Max PriceUS$17.98
SellUS$1,58225 Feb 19
Ronald Martin
EntityIndividual
Role
Member of the Board of Directors
Director
Shares88
Max PriceUS$17.98
SellUS$2,12219 Feb 19
Ronald Martin
EntityIndividual
Role
Member of the Board of Directors
Director
Shares118
Max PriceUS$17.98
BuyUS$3,34315 Feb 19
H. Holder
EntityIndividual
Shares191
Max PriceUS$17.50
BuyUS$14,83315 Feb 19
Christopher Courtney
EntityIndividual
Role
Chief Executive Officer
President
Shares830
Max PriceUS$17.88
BuyUS$6,74915 Feb 19
Daniel Leonard
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares376
Max PriceUS$17.95
SellUS$1,18713 Feb 19
Ronald Martin
EntityIndividual
Role
Member of the Board of Directors
Director
Shares66
Max PriceUS$17.98
SellUS$4,20713 Feb 19
Ronald Martin
EntityIndividual
Role
Member of the Board of Directors
Director
Shares234
Max PriceUS$17.98
BuyUS$4,03913 Feb 19
James Gilbert
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares225
Max PriceUS$17.95
SellUS$17,66128 Jan 19
Ronald Martin
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$17.66
SellUS$18,87529 Nov 18
Ronald Martin
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$19.00
SellUS$9,25028 Nov 18
Ronald Martin
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$18.50
SellUS$17,95005 Nov 18
Ronald Martin
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$17.95
SellUS$17,82001 Nov 18
Ronald Martin
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$17.82
BuyUS$35,90031 Oct 18
H. Holder
EntityIndividual
Shares2,000
Max PriceUS$17.95
BuyUS$56,95526 Oct 18
H. Holder
EntityIndividual
Shares3,000
Max PriceUS$19.00

Ownership Breakdown


Management Team

  • Rick McCarty (48yo)

    Senior EVP

    • Tenure: 2.8yrs
    • Compensation: US$513.67k
  • Chris Courtney (56yo)

    President

    • Tenure: 6.3yrs
    • Compensation: US$746.34k
  • Janis Powers (60yo)

    Executive Vice President of Risk Management

    • Tenure: 0yrs
  • Mike Rodrigues (49yo)

    Executive VP & Chief Credit Officer

    • Tenure: 13.8yrs
    • Compensation: US$365.56k
  • Bill Nunes

    Senior Vice President of Marketing

    • Tenure: 0yrs
  • Gary Stephens (56yo)

    Executive Vice President of Commercial Banking Group

    • Tenure: 0yrs
  • Russ Stahl (48yo)

    Executive VP & Chief Information Officer

    • Tenure: 2.8yrs
  • Jeff Gall (43yo)

    Senior VP & CFO

    • Tenure: 3.8yrs
    • Compensation: US$297.83k
  • Kim Booke

    Senior Vice President of Credit Administration

    • Tenure: 0yrs
  • Melissa Fuller

    Senior Vice President of Human Resources

    • Tenure: 0yrs

Board Members

  • Chris Courtney (56yo)

    President

    • Tenure: 6.3yrs
    • Compensation: US$746.34k
  • Jay Gilbert (74yo)

    Independent Director

    • Tenure: 11.8yrs
    • Compensation: US$36.56k
  • Tom Haidlen (72yo)

    Director

    • Tenure: 11.8yrs
    • Compensation: US$49.39k
  • Ron Martin (72yo)

    Director

    • Tenure: 11.8yrs
    • Compensation: US$62.00k
  • Dan Titus (74yo)

    Independent Director

    • Tenure: 11.8yrs
    • Compensation: US$36.70k
  • Michael Jones (73yo)

    Independent Director

    • Tenure: 11.8yrs
    • Compensation: US$36.00k
  • Don Barton (62yo)

    Vice Chairman of the Board

    • Tenure: 0.3yrs
    • Compensation: US$40.70k
  • Dan Leonard (72yo)

    Independent Director

    • Tenure: 7.8yrs
    • Compensation: US$46.59k
  • Janet Pelton (63yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: US$42.07k
  • Terry Withrow (59yo)

    Chairman of the Board

    • Tenure: 0.3yrs
    • Compensation: US$39.60k

Company Information

Oak Valley Bancorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Oak Valley Bancorp
  • Ticker: OVLY
  • Exchange: NasdaqCM
  • Founded: 1990
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$135.726m
  • Shares outstanding: 8.10m
  • Website: https://www.ovcb.com

Number of Employees


Location

  • Oak Valley Bancorp
  • 125 North Third Avenue
  • Oakdale
  • California
  • 95361
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OVLYNasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDFeb 1997

Biography

Oak Valley Bancorp operates as the bank holding company for Oak Valley Community Bank that provides banking products and services to individuals and small and medium sized businesses in Oakdale, California ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:09
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.