Old Point Financial (NASDAQ:OPOF – Get Free Report) announced its quarterly earnings results on Thursday. The bank reported $0.47 earnings per share for the quarter, reports. The firm had revenue of $15.78 million during the quarter. Old Point Financial had a return on equity of 6.69% and a net margin of 8.41%.
Old Point Financial Trading Up 3.2 %
Shares of Old Point Financial stock opened at $20.33 on Friday. Old Point Financial has a twelve month low of $13.49 and a twelve month high of $20.33. The firm’s 50-day moving average price is $18.66 and its 200 day moving average price is $16.59. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $103.28 million, a PE ratio of 14.52 and a beta of 0.29.
Old Point Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, September 4th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 2.75%. Old Point Financial’s dividend payout ratio (DPR) is presently 40.00%.
Hedge Funds Weigh In On Old Point Financial
Analysts Set New Price Targets
Separately, StockNews.com started coverage on Old Point Financial in a research report on Saturday. They issued a “hold” rating for the company.
Check Out Our Latest Analysis on Old Point Financial
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.
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