Shares of Old Point Financial Co. (NASDAQ:OPOF - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.39 and traded as high as $29.50. Old Point Financial shares last traded at $29.50, with a volume of 16,548 shares.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on Old Point Financial in a research note on Saturday. They set a "hold" rating for the company.
Get Our Latest Stock Analysis on Old Point Financial
Old Point Financial Stock Performance
The company's fifty day simple moving average is $25.20 and its two-hundred day simple moving average is $21.49. The company has a market capitalization of $150.42 million, a price-to-earnings ratio of 15.75 and a beta of 0.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.92 and a current ratio of 0.92.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The bank reported $0.57 earnings per share for the quarter. Old Point Financial had a return on equity of 8.56% and a net margin of 11.08%.
Hedge Funds Weigh In On Old Point Financial
Several large investors have recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new stake in Old Point Financial during the fourth quarter valued at $47,000. Eastern Bank bought a new stake in shares of Old Point Financial during the 3rd quarter valued at about $57,000. Northern Trust Corp raised its stake in Old Point Financial by 35.0% during the fourth quarter. Northern Trust Corp now owns 17,440 shares of the bank's stock worth $454,000 after acquiring an additional 4,521 shares during the period. Empowered Funds LLC lifted its holdings in Old Point Financial by 5.4% in the third quarter. Empowered Funds LLC now owns 18,442 shares of the bank's stock worth $356,000 after acquiring an additional 938 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in Old Point Financial by 1.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 18,951 shares of the bank's stock valued at $494,000 after acquiring an additional 350 shares during the period. 33.43% of the stock is currently owned by institutional investors.
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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