Old Point Financial (OPOF) Stock Price, News & Analysis

Company Overview

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. The company also provides real estate construction, commercial, and mortgage loans, such as residential 1-4 family mortgages, second mortgages, and equity lines of credit; and other loans. In addition, it offers retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, tax, and investment management services; and insurance products, wealth management, and cash management services. Old Point Financial Corporation was founded in 1922 and is headquartered in Hampton, Virginia.

Key Stats

• Today's Range: $23.43 to $25.02
• 50-Day Range: $18.80 to $25.18
• 52-Week Range: $13.49 to $25.50
• Volume: 10,002 shs
• Average Volume: 6,287 shs
• Market Capitalization: $126.34 million
• P/E Ratio: 15.55
• Dividend Yield: 2.25%
• Price Target: N/A
• Consensus Rating: N/A

Old Point Financial Stock Analysis - MarketRank™

Old Point Financial scored higher than 44% of companies evaluated by MarketBeat, and ranked 737th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Old Point Financial.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Old Point Financial is 15.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.04.

Price to Earnings Ratio vs. Sector

The P/E ratio of Old Point Financial is 15.55, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 32.63.

Price to Book Value per Share Ratio

Old Point Financial has a P/B Ratio of 1.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.05% of the float of Old Point Financial has been sold short.

Short Interest Ratio / Days to Cover

Old Point Financial has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Old Point Financial has recently decreased by 4.55%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Old Point Financial pays a meaningful dividend of 2.22%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Old Point Financial does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Old Point Financial is 35.00%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.05% of the float of Old Point Financial has been sold short.

Short Interest Ratio / Days to Cover

Old Point Financial has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Old Point Financial has recently decreased by 4.55%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.35

News Sentiment

Old Point Financial has a news sentiment score of 0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Old Point Financial this week, compared to 1 article on an average week.

Search Interest

1 people have searched for OPOF on MarketBeat in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Old Point Financial insiders have not sold or bought any company stock.

Percentage Held by Insiders

21.11% of the stock of Old Point Financial is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 33.43% of the stock of Old Point Financial is held by institutions.

OPOF Stock Analysis - Frequently Asked Questions

How have OPOF shares performed this year?

Old Point Financial's stock was trading at $17.93 at the beginning of 2024. Since then, OPOF shares have increased by 38.8% and is now trading at $24.88.
View the best growth stocks for 2024 here.

How were Old Point Financial's earnings last quarter?

Old Point Financial Co. (NASDAQ:OPOF) issued its quarterly earnings results on Thursday, October, 24th. The bank reported $0.47 earnings per share (EPS) for the quarter. The bank had revenue of $15.78 million for the quarter. Old Point Financial had a trailing twelve-month return on equity of 7.38% and a net margin of 9.47%.

Who are Old Point Financial's major shareholders?

Top institutional shareholders of Old Point Financial include Fourthstone LLC (1.61%), Geode Capital Management LLC (0.89%), Empowered Funds LLC (0.36%) and Eastern Bank (0.06%). Insiders that own company stock include Pl Capital Advisors, Llc, Martin S Friedman, Robert F Shuford Jr, John Cabot Ishon, Clark Rebekah Ellen Thacker, Joseph R Witt, Stephen Conway Adams, Sarah B Golden, Susan Ralston, Donald S Buckless, Michael A Glasser, A Eric Kauders Jr and Elizabeth S Wash.
View institutional ownership trends.

How do I buy shares of Old Point Financial?

Shares of OPOF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Old Point Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Old Point Financial investors own include NVIDIA (NVDA), Broadcom (AVGO), Adobe (ADBE), Meta Platforms (META), e.l.f. Beauty (ELF), Jabil (JBL) and Arista Networks (ANET).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 9/04/2024
• Dividend Payable: 9/27/2024
• Last Earnings: 10/24/2024
• Ex-Dividend for 12/27 Dividend: 12/04/2024
• Today: 12/21/2024
• Dividend Payable: 12/27/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Banking
• Current Symbol: NASDAQ:OPOF
• CUSIP: N/A
• CIK: 740971
• Web: www.oldpoint.com
• Phone: (757) 728-1200
• Fax: 757-728-1279
• Employees: 280
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $1.60
• Trailing P/E Ratio: 15.55
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $7.73 million
• Net Margins: 9.47%
• Pretax Margin: 11.53%
• Return on Equity: 7.38%
• Return on Assets: 0.56%

Debt

• Debt-to-Equity Ratio: 0.35
• Current Ratio: 0.92
• Quick Ratio: 0.92

Sales & Book Value

• Annual Sales: $61.47 million
• Price / Sales: 2.06
• Cash Flow: $2.23 per share
• Price / Cash Flow: 11.14
• Book Value: $21.19 per share
• Price / Book: 1.17

Miscellaneous

• Outstanding Shares: 5,078,000
• Free Float: 4,006,000
• Market Cap: $126.34 million
• Optionable: Not Optionable
• Beta: 0.29