Form 4: Oak Valley Bancorp Director Increases Stake Through Dividend Reinvestment

Terrance P. Withrow, a director at Oak Valley Bancorp, has increased his holdings of common stock through automatic dividend reinvestments.

Summary

• Terrance P. Withrow, a director of Oak Valley Bancorp, has reported changes in his beneficial ownership of the company's common stock.
• The reported transactions involve the acquisition of shares through automatic dividend reinvestments.
• On February 13, 2023, 148.02 shares were acquired at $27.35 per share, bringing his total to 30,450.02 shares.
• On August 14, 2023, 152.19 shares were acquired at $26.76 per share, increasing his holdings to 30,602.21 shares.
• On February 12, 2024, 224.79 shares were acquired at $25.63 per share, resulting in a total of 30,827 shares owned.
• All shares are held directly.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake is generally a good sign, but the purchases are through a standard dividend reinvestment program, so it's not a strong signal.

Positives

• A director increasing their stake in the company can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Directors purchasing shares, especially through dividend reinvestment programs, is a common practice in the banking industry and reflects a long-term investment perspective.

Comparison to Industry Standards

• Comparing director ownership and trading activity to peers like Farmers National Banc Corp. or West Bancorporation could provide further context.
• Analyzing the percentage of shares owned by insiders relative to the industry average can offer insights into management's alignment with shareholder interests.

Stakeholder Impact

• The increased ownership by a director could be viewed positively by shareholders.

Key Dates