Research analysts at StockNews.com started coverage on shares of Old Point Financial (NASDAQ:OPOF - Get Free Report) in a research report issued to clients and investors on Wednesday. The firm set a "hold" rating on the bank's stock.
Old Point Financial Price Performance
Shares of NASDAQ:OPOF remained flat at $29.90 during midday trading on Wednesday. 14,672 shares of the company traded hands, compared to its average volume of 7,292. Old Point Financial has a twelve month low of $13.49 and a twelve month high of $30.95. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $27.63 and a 200-day moving average of $23.36. The firm has a market capitalization of $151.83 million, a P/E ratio of 15.90 and a beta of 0.17.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last released its quarterly earnings data 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%.
Hedge Funds Weigh In On Old Point Financial
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC lifted its holdings in shares of Old Point Financial by 1.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 18,951 shares of the bank's stock worth $494,000 after buying an additional 350 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Old Point Financial by 35.0% during the fourth quarter. Northern Trust Corp now owns 17,440 shares of the bank's stock worth $454,000 after buying an additional 4,521 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Old Point Financial by 6.5% during 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 in the last quarter. Fourthstone LLC lifted its holdings in shares of 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. Finally, Renaissance Technologies LLC lifted its holdings in shares of 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. 33.43% of the stock is owned by 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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