Old Point Financial Co. (NASDAQ:OPOF) Short Interest Up 30.0% in March

Old Point Financial Co. (NASDAQ:OPOF - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 11,700 shares, an increase of 30.0% from the March 15th total of 9,000 shares. Based on an average daily volume of 15,300 shares, the short-interest ratio is currently 0.8 days. Currently, 0.3% of the company's stock are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Old Point Financial in a research report on Tuesday, April 15th. They set a "hold" rating for the company.

Old Point Financial Stock Down 0.7 %

Old Point Financial stock traded down $0.29 during trading on Thursday, reaching $38.77. 760 shares of the company's stock were exchanged, compared to its average volume of 10,218. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.92 and a current ratio of 0.92. The company's 50-day moving average is $32.55 and its two-hundred day moving average is $26.23. The firm has a market cap of $197.90 million, a price-to-earnings ratio of 20.65 and a beta of -0.22. Old Point Financial has a 52-week low of $13.49 and a 52-week high of $39.43.

Old Point Financial (NASDAQ:OPOF - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $0.57 earnings per share for the quarter. Old Point Financial had a net margin of 11.08% and a return on equity of 8.56%.

Old Point Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Wednesday, March 5th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.44%. The ex-dividend date was Wednesday, March 5th. Old Point Financial's dividend payout ratio (DPR) is 29.79%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OPOF. PL Capital Advisors LLC increased its position in shares of Old Point Financial by 2,506.0% during the 4th quarter. PL Capital Advisors LLC now owns 18,785,638 shares of the bank's stock valued at $489,554,000 after purchasing an additional 18,064,777 shares during the period. Fourthstone LLC boosted its stake in Old Point Financial by 322.4% during the fourth quarter. Fourthstone LLC now owns 344,620 shares of the bank's stock worth $8,981,000 after buying an additional 263,026 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Old Point Financial by 18.1% during the fourth quarter. Renaissance Technologies LLC now owns 35,929 shares of the bank's stock worth $936,000 after buying an additional 5,500 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Old Point Financial by 35.0% in the 4th quarter. Northern Trust Corp now owns 17,440 shares of the bank's stock valued at $454,000 after purchasing an additional 4,521 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A boosted its stake in shares of Old Point Financial by 1.1% in the 4th quarter. OLD Point Trust & Financial Services N A now owns 263,439 shares of the bank's stock valued at $6,865,000 after purchasing an additional 2,901 shares in the last quarter. Institutional investors own 33.43% of the company's stock.

Old Point Financial Company Profile

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.