Equities researchers at StockNews.com began coverage on shares of Old Point Financial (NASDAQ:OPOF - Get Free Report) in a report released on Sunday. The brokerage set a "hold" rating on the bank's stock.
Old Point Financial Trading Down 0.3 %
NASDAQ OPOF opened at $29.80 on Friday. The firm has a market cap of $151.38 million, a P/E ratio of 15.85 and a beta of 0.26. 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 stock's 50-day moving average is $25.64 and its 200-day moving average is $21.79. Old Point Financial has a one year low of $13.49 and a one year high of $30.10.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The bank reported $0.57 EPS for the quarter. Old Point Financial had a return on equity of 8.56% and a net margin of 11.08%.
Institutional Investors Weigh In On Old Point Financial
A number of hedge funds and other institutional investors have recently bought and sold shares of OPOF. PL Capital Advisors LLC raised its position in Old Point Financial by 2,506.0% in the 4th quarter. PL Capital Advisors LLC now owns 18,785,638 shares of the bank's stock valued at $489,554,000 after buying an additional 18,064,777 shares during the last quarter. Fourthstone LLC raised its position in Old Point Financial by 322.4% in the 4th quarter. Fourthstone LLC now owns 344,620 shares of the bank's stock valued at $8,981,000 after buying an additional 263,026 shares during the last quarter. Renaissance Technologies LLC raised its position in Old Point Financial by 18.1% in the 4th quarter. Renaissance Technologies LLC now owns 35,929 shares of the bank's stock valued at $936,000 after buying an additional 5,500 shares during the last quarter. Northern Trust Corp raised its position in Old Point Financial by 35.0% in the 4th quarter. Northern Trust Corp now owns 17,440 shares of the bank's stock valued at $454,000 after buying an additional 4,521 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A raised its position in Old Point Financial by 1.1% in the 4th quarter. OLD Point Trust & Financial Services N A now owns 263,439 shares of the bank's stock valued at $6,865,000 after buying an additional 2,901 shares during the last quarter. 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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
