StockNews.com initiated coverage on shares of Old Point Financial (NASDAQ:OPOF - Free Report) in a report published on Tuesday. The brokerage issued a hold rating on the bank's stock.
Old Point Financial Trading Down 1.5 %
Shares of NASDAQ:OPOF traded down $0.30 during trading on Tuesday, hitting $20.30. The company had a trading volume of 25,957 shares, compared to its average volume of 6,400. The stock has a market cap of $103.12 million, a price-to-earnings ratio of 12.69 and a beta of 0.29. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.92. The company has a fifty day simple moving average of $19.21 and a two-hundred day simple moving average of $17.31. Old Point Financial has a one year low of $13.49 and a one year high of $21.89.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $0.47 earnings per share (EPS) for the quarter. Old Point Financial had a return on equity of 7.38% and a net margin of 9.47%. The company had revenue of $15.78 million during the quarter.
Old Point Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, September 4th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Wednesday, September 4th. Old Point Financial's dividend payout ratio (DPR) is currently 35.00%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of OPOF. PL Capital Advisors LLC boosted its stake in shares of Old Point Financial by 19.2% during the second quarter. PL Capital Advisors LLC now owns 720,861 shares of the bank's stock valued at $10,575,000 after purchasing an additional 116,015 shares during the period. Eastern Bank purchased a new stake in Old Point Financial in the 3rd quarter valued at about $57,000. Empowered Funds LLC grew its stake in Old Point Financial by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 18,442 shares of the bank's stock worth $356,000 after acquiring an additional 938 shares in the last quarter. Fourthstone LLC increased its position in shares of Old Point Financial by 44.9% during the third quarter. Fourthstone LLC now owns 81,594 shares of the bank's stock worth $1,576,000 after acquiring an additional 25,273 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Old Point Financial by 1.6% during the third quarter. Geode Capital Management LLC now owns 45,205 shares of the bank's stock valued at $874,000 after acquiring an additional 693 shares in the last quarter. 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.
Further Reading
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
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
