StockNews.com began coverage on shares of Old Point Financial (NASDAQ:OPOF - Free Report) in a research report report published on Sunday. The firm issued a hold rating on the bank's stock.
Old Point Financial Stock Down 0.9 %
OPOF traded down $0.19 on Friday, hitting $19.63. The company had a trading volume of 2,094 shares, compared to its average volume of 2,594. The stock has a fifty day moving average price of $18.81 and a 200-day moving average price of $16.78. Old Point Financial has a 12-month low of $13.49 and a 12-month high of $21.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $99.73 million, a price-to-earnings ratio of 12.27 and a beta of 0.29.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last posted its earnings results on Thursday, October 24th. The bank reported $0.47 earnings per share (EPS) for the quarter. Old Point Financial had a return on equity of 7.50% and a net margin of 9.47%. The company 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 2.85%. Old Point Financial's payout ratio is 35.00%.
Institutional Investors Weigh In On Old Point Financial
A number of large investors have recently modified their holdings of the business. Eastern Bank acquired a new stake in shares of Old Point Financial during the third quarter worth about $57,000. Empowered Funds LLC lifted its holdings in shares of Old Point Financial by 8.2% during the first quarter. Empowered Funds LLC now owns 16,244 shares of the bank's stock worth $277,000 after purchasing an additional 1,225 shares during the period. Finally, PL Capital Advisors LLC lifted its holdings in Old Point Financial by 19.2% in the second 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 period. Hedge funds and other institutional investors own 33.43% of the company's stock.
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.
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