Old Point Financial (NASDAQ:OPOF) Issues Quarterly Earnings Results

Old Point Financial (NASDAQ:OPOF - Get Free Report) announced its earnings results on Thursday. The bank reported $0.57 earnings per share for the quarter, Zacks reports. Old Point Financial had a net margin of 11.08% and a return on equity of 8.56%.

Old Point Financial Stock Performance

NASDAQ OPOF traded up $0.23 during trading hours on Monday, hitting $24.63. The company's stock had a trading volume of 2,708 shares, compared to its average volume of 3,624. The company's 50 day simple moving average is $24.48 and its two-hundred day simple moving average is $20.90. Old Point Financial has a 12 month low of $13.49 and a 12 month high of $28.00. The company has a market cap of $125.12 million, a P/E ratio of 13.10 and a beta of 0.26. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.56 dividend on an annualized basis and a yield of 2.27%. Old Point Financial's dividend payout ratio is currently 29.79%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Old Point Financial in a research report on Thursday. They set a "hold" rating for the company.

About Old Point Financial

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.