Old Point Financial Co. (OPOF) To Go Ex-Dividend on June 5th

Old Point Financial Co. (NASDAQ:OPOF) announced a quarterly dividend on Wednesday, May 22nd, Zacks reports. Investors of record on Wednesday, June 5th will be given a dividend of 0.14 per share by the bank on Friday, June 28th. This represents a $0.56 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Wednesday, June 5th.

Old Point Financial has increased its dividend by an average of 5.3% per year over the last three years and has raised its dividend annually for the last 3 consecutive years.

Old Point Financial Stock Performance

NASDAQ OPOF opened at $14.82 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. Old Point Financial has a 1-year low of $13.49 and a 1-year high of $22.33. The company has a market cap of $75.29 million, a PE ratio of 11.76 and a beta of 0.29. The stock’s 50 day simple moving average is $15.02 and its 200-day simple moving average is $16.50.

Old Point Financial (NASDAQ:OPOF) last announced its quarterly earnings data on Tuesday, April 30th. The bank reported $0.34 earnings per share for the quarter. Old Point Financial had a return on equity of 6.11% and a net margin of 7.71%. The company had revenue of $14.76 million for the quarter.

Insiders Place Their Bets

In related news, major shareholder Pl Capital Advisors, Llc bought 2,101 shares of the business’s stock in a transaction on Friday, May 17th. The stock was acquired at an average cost of $14.92 per share, with a total value of $31,346.92. Following the purchase, 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 document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have purchased 21,483 shares of company stock valued at $308,746. Insiders own 21.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Old Point Financial in a research note on Monday, May 27th. They issued a “hold” rating on the stock.

About Old Point Financial

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.