StockNews.com began coverage on shares of Old Point Financial (NASDAQ:OPOF - Free Report) in a research report report published on Saturday morning. The brokerage issued a hold rating on the bank's stock.
Old Point Financial Stock Up 0.4 %
Old Point Financial stock traded up $0.11 during midday trading on Friday, hitting $29.61. 2,412 shares of the company were exchanged, compared to its average volume of 4,038. The company has a market cap of $150.42 million, a PE ratio of 15.75 and a beta of 0.26. Old Point Financial has a fifty-two week low of $13.49 and a fifty-two week high of $29.62. The company's fifty day moving average price is $25.20 and its 200-day moving average price is $21.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.92.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last posted its earnings results on Thursday, January 30th. The bank reported $0.57 EPS for the quarter. Old Point Financial had a net margin of 11.08% and a return on equity of 8.56%.
Institutional Trading of Old Point Financial
Hedge funds and other institutional investors have recently modified their holdings of the business. Bridgeway Capital Management LLC grew its stake in Old Point Financial by 1.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 18,951 shares of the bank's stock valued at $494,000 after purchasing an additional 350 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Old Point Financial by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 45,205 shares of the bank's stock valued at $874,000 after buying an additional 693 shares during the last quarter. Empowered Funds LLC grew its position in shares of Old Point Financial by 5.4% during the third quarter. Empowered Funds LLC now owns 18,442 shares of the bank's stock worth $356,000 after buying an additional 938 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Old Point Financial by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 20,416 shares of the bank's stock worth $532,000 after buying an additional 1,246 shares during the last quarter. Finally, WealthTrak Capital Management LLC acquired a new stake in Old Point Financial in the fourth quarter valued at $47,000. 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.
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