Oak Valley Bancorp (OVLY) Declares $0.13 Quarterly Dividend; 2.3% Yield

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Go back to Oak Valley Bancorp (OVLY) Declares $0.13 Quarterly Dividend; 2.3% Yield

Oak Valley Bancorp Reports 2nd Quarter Results and Announces Cash Dividend

July 19, 2018 8:35 PM EDT

OAKDALE, Calif., July 19, 2018 (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, 2018, consolidated net income was $2,591,000, or $0.32 per diluted share (EPS), compared to $2,802,000, or $0.35 EPS, for the prior quarter and $2,830,000, or $0.35 EPS, for the same period a year ago. The decrease of $211,000 compared to the prior quarter is mainly due to non-recurring gains on the sale of an OREO property and investment securities... More