Shares of Old Point Financial Co. (NASDAQ:OPOF - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.71 and traded as high as $24.47. Old Point Financial shares last traded at $24.40, with a volume of 3,469 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on Old Point Financial in a research report on Thursday. They set a "hold" rating on the stock.
Get Our Latest Analysis on Old Point Financial
Old Point Financial Trading Up 0.1 %
The firm has a 50 day simple moving average of $24.29 and a 200 day simple moving average of $20.71. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $124.10 million, a P/E ratio of 15.27 and a beta of 0.26.
Old Point Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 4th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, December 4th. Old Point Financial's dividend payout ratio is presently 35.00%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Fourthstone LLC increased its stake in Old Point Financial by 44.9% in the third quarter. Fourthstone LLC now owns 81,594 shares of the bank's stock valued at $1,576,000 after acquiring an additional 25,273 shares during the last quarter. Geode Capital Management LLC increased its position 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 purchasing an additional 693 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Old Point Financial by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 18,442 shares of the bank's stock valued at $356,000 after buying an additional 938 shares in the last quarter. Finally, Eastern Bank bought a new stake in Old Point Financial in the 3rd quarter worth approximately $57,000. Institutional investors 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.
Featured Articles
Before you consider Old Point Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Old Point Financial wasn't on the list.
While Old Point Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
