Old Point Financial (NASDAQ:OPOF) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Old Point Financial (NASDAQ:OPOF) in a report released on Monday. The firm issued a hold rating on the bank’s stock.

Old Point Financial Price Performance

OPOF opened at $20.75 on Monday. The stock has a 50-day moving average price of $18.92 and a 200-day moving average price of $17.03. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $105.41 million, a PE ratio of 12.97 and a beta of 0.29. Old Point Financial has a 1 year low of $13.49 and a 1 year high of $21.00.

Old Point Financial (NASDAQ:OPOF) last issued its earnings results on Thursday, October 24th. The bank reported $0.47 earnings per share for the quarter. Old Point Financial had a return on equity of 7.50% and a net margin of 9.47%. The business had revenue of $15.78 million during the quarter.

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 paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.70%. Old Point Financial’s dividend payout ratio is currently 35.00%.

Institutional Investors Weigh In On Old Point Financial

Large investors have recently made changes to their positions in the company. Empowered Funds LLC grew its stake in shares of Old Point Financial by 8.2% during the 1st quarter. Empowered Funds LLC now owns 16,244 shares of the bank’s stock valued at $277,000 after purchasing an additional 1,225 shares during the period. Eastern Bank bought a new stake in shares of Old Point Financial during the 3rd quarter valued at about $57,000. Finally, PL Capital Advisors LLC grew its stake in shares of Old Point Financial by 19.2% during 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 period. 33.43% of the stock is currently owned by institutional investors.

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.