Shares of Old Point Financial Co. (NASDAQ:OPOF - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.34 and traded as high as $25.14. Old Point Financial shares last traded at $25.04, with a volume of 2,914 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on shares of Old Point Financial in a research note on Wednesday. They set a "hold" rating on the stock.
Check Out Our Latest Research Report on Old Point Financial
Old Point Financial Price Performance
The stock has a 50 day moving average of $23.83 and a 200-day moving average of $20.34. 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 company has a market cap of $127.22 million, a PE ratio of 15.65 and a beta of 0.26.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $0.47 earnings per share (EPS) for the quarter. The firm had revenue of $15.78 million during the quarter. Old Point Financial had a return on equity of 7.38% and a net margin of 9.47%.
Old Point Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 4th were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.24%. Old Point Financial's payout ratio is currently 35.00%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eastern Bank purchased a new position in Old Point Financial during the third quarter valued at approximately $57,000. Empowered Funds LLC increased 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 purchasing an additional 938 shares in the last quarter. Fourthstone LLC lifted its stake in shares of Old Point Financial by 44.9% in the 3rd quarter. Fourthstone LLC now owns 81,594 shares of the bank's stock valued at $1,576,000 after purchasing an additional 25,273 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Old Point Financial by 1.6% during the third quarter. Geode Capital Management LLC now owns 45,205 shares of the bank's stock worth $874,000 after buying an additional 693 shares in the last quarter. 33.43% of the stock is currently owned by institutional investors and hedge funds.
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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