CEO Courtney Christopher M. bought 400 shares of OVLY at avg $24.52; stock now $24.90, -21.8% from 52-week high.
CEO Courtney Christopher M. purchased 400 shares via 2 separate transactions at an average price of $24.52, increasing his holdings to 236.3K shares. The stock is currently trading at $24.90, only 1.5% above the purchase price, but sits -21.8% from its 52-week high of $31.84. His cross-ticker track record shows 1 prior buy with an average 90-day return of -5.8%, and that same prior trade at OVLY on 2024-02-13 also resulted in a negative 90-day return of -5.8%, with 0 of 1 prior buys well-timed at the 90-day mark. The company's valuation shows a P/E of 11.02 and net income of $7.3M on a market cap of $208.1M, suggesting a modestly-valued regional bank. The modest purchase size (+0.2% vs pre-transaction holdings) reflects a minor portfolio adjustment rather than a material conviction signal.