Old Point Financial Co. (NASDAQ:OPOF - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.52 and traded as high as $37.25. Old Point Financial shares last traded at $36.34, with a volume of 14,150 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Old Point Financial from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th.
Read Our Latest Report on Old Point Financial
Old Point Financial Price Performance
The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The company has a 50 day simple moving average of $30.63 and a 200-day simple moving average of $25.27. The stock has a market cap of $187.57 million, a price-to-earnings ratio of 19.55 and a beta of -0.22.
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 return on equity of 8.56% and a net margin of 11.08%.
Old Point Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 5th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Wednesday, March 5th. Old Point Financial's dividend payout ratio (DPR) is presently 29.79%.
Institutional Investors Weigh In On Old Point Financial
Several institutional investors and hedge funds have recently bought and sold shares of the business. PL Capital Advisors LLC grew its holdings 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 during the last quarter. Fourthstone LLC grew its stake in 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 during the last quarter. OLD Point Trust & Financial Services N A increased its position in Old Point Financial by 1.1% in 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 during the period. Geode Capital Management LLC lifted its stake in 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 buying an additional 693 shares during the last quarter. Finally, Renaissance Technologies LLC boosted 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 valued at $936,000 after acquiring an additional 5,500 shares during the period. Institutional investors and hedge funds own 33.43% of the company's stock.
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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