StockNews.com started coverage on shares of Old Point Financial (NASDAQ:OPOF - Free Report) in a report released on Monday. The brokerage issued a hold rating on the bank's stock.
Old Point Financial Stock Up 2.5 %
NASDAQ:OPOF traded up $0.50 during mid-day trading on Monday, reaching $20.75. The company's stock had a trading volume of 137,727 shares, compared to its average volume of 6,149. Old Point Financial has a 1 year low of $13.49 and a 1 year high of $21.00. The stock has a fifty day moving average of $18.89 and a 200-day moving average of $16.98. The firm has a market capitalization of $105.41 million, a PE ratio of 12.66 and a beta of 0.29. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.36.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The bank reported $0.47 EPS for the quarter. The business had revenue of $15.78 million during the quarter. Old Point Financial had a net margin of 9.47% and a return on equity of 7.50%.
Old Point Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Wednesday, September 4th. Old Point Financial's payout ratio is 35.00%.
Institutional Trading of Old Point Financial
Several hedge funds have recently modified their holdings of OPOF. Empowered Funds LLC raised its position in shares of Old Point Financial by 5.4% in 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 during the last quarter. Eastern Bank purchased a new position in shares of Old Point Financial in the 3rd quarter valued at approximately $57,000. Finally, PL Capital Advisors LLC raised its position in shares of Old Point Financial by 19.2% in the 2nd 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 last quarter. 33.43% of the stock is owned by hedge funds and other institutional investors.
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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