StockNews.com started coverage on shares of Old Point Financial (NASDAQ:OPOF - Free Report) in a research note published on Monday morning. The firm issued a hold rating on the bank's stock.
Old Point Financial Stock Up 0.9 %
Shares of NASDAQ OPOF traded up $0.26 during mid-day trading on Monday, reaching $30.68. 8,181 shares of the company's stock traded hands, compared to its average volume of 6,935. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50-day simple moving average of $26.56 and a 200 day simple moving average of $22.46. The stock has a market cap of $155.79 million, a P/E ratio of 16.32 and a beta of 0.26. Old Point Financial has a 1-year low of $13.49 and a 1-year high of $30.95.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The bank reported $0.57 earnings per share (EPS) for the quarter. Old Point Financial had a return on equity of 8.56% and a net margin of 11.08%.
Old Point Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.83%. The ex-dividend date is Wednesday, March 5th. Old Point Financial's dividend payout ratio (DPR) is presently 29.79%.
Hedge Funds Weigh In On Old Point Financial
Hedge funds have recently bought and sold shares of the company. PL Capital Advisors LLC lifted its position in shares of Old Point Financial by 2,506.0% during the fourth 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 in the last quarter. Fourthstone LLC lifted its position in shares of Old Point Financial by 322.4% during the 4th 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. OLD Point Trust & Financial Services N A lifted its position in shares of Old Point Financial by 1.1% during the 4th quarter. OLD Point Trust & Financial Services N A now owns 263,439 shares of the bank's stock worth $6,865,000 after buying an additional 2,901 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Old Point Financial by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 45,205 shares of the bank's stock worth $874,000 after buying an additional 693 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Old Point Financial by 18.1% in the fourth quarter. Renaissance Technologies LLC now owns 35,929 shares of the bank's stock valued at $936,000 after acquiring an additional 5,500 shares in the last quarter. 33.43% of the stock is owned by hedge funds and other institutional investors.
Old Point Financial Company Profile
(
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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