StockNews.com started coverage on shares of Old Point Financial (NASDAQ:OPOF - Free Report) in a research note issued to investors on Saturday. The firm issued a hold rating on the bank's stock.
Old Point Financial Stock Up 3.2 %
Shares of Old Point Financial stock traded up $0.63 on Friday, reaching $20.33. The stock had a trading volume of 4,657 shares, compared to its average volume of 4,915. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $103.28 million, a P/E ratio of 14.52 and a beta of 0.29. The company has a 50 day moving average price of $18.66 and a 200 day moving average price of $16.59. Old Point Financial has a 1 year low of $13.49 and a 1 year high of $20.33.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The bank reported $0.47 earnings per share (EPS) for the quarter. Old Point Financial had a net margin of 8.41% and a return on equity of 6.69%. The business had revenue of $15.78 million for the quarter.
Old Point Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.75%. Old Point Financial's payout ratio is 40.00%.
Institutional Investors Weigh In On Old Point Financial
A number of large investors have recently made changes to their positions in the stock. Empowered Funds LLC boosted its position in Old Point Financial by 8.2% in the first quarter. Empowered Funds LLC now owns 16,244 shares of the bank's stock valued at $277,000 after buying an additional 1,225 shares during the last quarter. Eastern Bank acquired a new stake in Old Point Financial during the 3rd quarter valued at approximately $57,000. Finally, PL Capital Advisors LLC boosted its holdings in shares of Old Point Financial by 19.2% in the 2nd quarter. PL Capital Advisors LLC now owns 720,861 shares of the bank's stock valued at $10,575,000 after acquiring an additional 116,015 shares during the last quarter. 33.43% of the stock is owned by hedge funds and other institutional investors.
About Old Point Financial
(
Get Free Report)
Old Point Financial Corporation operates as the bank holding company for The Old Point National Bank of Phoebus that provides consumer, mortgage, and business banking services for individual and commercial customers in Virginia. It offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits.
Recommended Stories
Before you consider Old Point Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Old Point Financial wasn't on the list.
While Old Point Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
