StockNews.com started coverage on shares of Old Point Financial (NASDAQ:OPOF - Free Report) in a research note issued to investors on Tuesday morning. The firm issued a hold rating on the bank's stock.
Old Point Financial Price Performance
Shares of NASDAQ OPOF traded up $0.04 during midday trading on Tuesday, hitting $37.98. The company had a trading volume of 17,427 shares, compared to its average volume of 10,114. The firm has a market capitalization of $193.85 million, a price-to-earnings ratio of 20.20 and a beta of -0.22. Old Point Financial has a twelve month low of $13.49 and a twelve month high of $38.90. The business has a 50-day simple moving average of $31.87 and a two-hundred day simple moving average of $25.87. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.35.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last posted 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 net margin of 11.08% and a return on equity of 8.56%.
Old Point Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 5th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Wednesday, March 5th. Old Point Financial's dividend payout ratio is currently 29.79%.
Institutional Investors Weigh In On Old Point Financial
Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of Old Point Financial by 1.6% in the third quarter. Geode Capital Management LLC now owns 45,205 shares of the bank's stock valued at $874,000 after purchasing an additional 693 shares in the last quarter. PL Capital Advisors LLC grew its holdings in 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 buying an additional 18,064,777 shares during the last quarter. OLD Point Trust & Financial Services N A increased its position in Old Point Financial by 1.1% during the fourth 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. WealthTrak Capital Management LLC acquired a new position in shares of Old Point Financial in the fourth quarter worth $47,000. Finally, Renaissance Technologies LLC lifted its position 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 institutional investors and hedge funds.
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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