Old Point Financial (NASDAQ:OPOF) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Old Point Financial (NASDAQ:OPOF) in a report issued on Sunday. The firm set a “hold” rating on the bank’s stock.

Old Point Financial Price Performance

Shares of NASDAQ:OPOF opened at $14.82 on Friday. The firm has a market cap of $75.29 million, a PE ratio of 11.76 and a beta of 0.27. The firm’s fifty day moving average is $15.32 and its 200-day moving average is $16.58. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. Old Point Financial has a 52 week low of $13.49 and a 52 week high of $22.33.

Insider Buying and Selling at Old Point Financial

In other Old Point Financial news, major shareholder Pl Capital Advisors, Llc acquired 2,101 shares of Old Point Financial stock in a transaction dated Friday, May 17th. The stock was purchased at an average cost of $14.92 per share, for a total transaction of $31,346.92. Following the completion of the acquisition, the insider now directly owns 625,221 shares of the company’s stock, valued at $9,328,297.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders purchased 19,684 shares of company stock valued at $281,905. Corporate insiders own 21.11% of the company’s stock.

Institutional Trading of Old Point Financial

An institutional investor recently raised its position in Old Point Financial stock. Empowered Funds LLC grew its stake in shares of Old Point Financial Co. (NASDAQ:OPOF) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,244 shares of the bank’s stock after purchasing an additional 1,225 shares during the period. Empowered Funds LLC owned approximately 0.32% of Old Point Financial worth $277,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 33.43% of the company’s stock.

Old Point Financial Company Profile

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.