WealthTrak Capital Management LLC Takes Position in Old Point Financial Co. (NASDAQ:OPOF)

WealthTrak Capital Management LLC acquired a new position in Old Point Financial Co. (NASDAQ:OPOF) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,800 shares of the bank’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. PL Capital Advisors LLC increased its holdings in shares of Old Point Financial by 2,506.0% in the 4th quarter. PL Capital Advisors LLC now owns 18,785,638 shares of the bank’s stock worth $489,554,000 after buying an additional 18,064,777 shares during the last quarter. OLD Point Trust & Financial Services N A grew its position in Old Point Financial by 1.1% in the fourth quarter. OLD Point Trust & Financial Services N A now owns 263,439 shares of the bank’s stock worth $6,865,000 after acquiring an additional 2,901 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Old Point Financial by 1.6% in the third quarter. Geode Capital Management LLC now owns 45,205 shares of the bank’s stock valued at $874,000 after acquiring an additional 693 shares during the last quarter. 33.43% of the stock is owned by hedge funds and other institutional investors.

Old Point Financial Stock Down 0.3 %

Shares of OPOF opened at $29.94 on Friday. Old Point Financial Co. has a 1 year low of $13.49 and a 1 year high of $30.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a 50 day simple moving average of $28.12 and a two-hundred day simple moving average of $23.77. The firm has a market cap of $152.04 million, a P/E ratio of 15.93 and a beta of 0.17.

Old Point Financial (NASDAQ:OPOF) last released its quarterly earnings data on Thursday, January 30th. The bank reported $0.57 EPS for the quarter. Old Point Financial had a return on equity of 8.56% and a net margin of 11.08%.

Old Point Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Wednesday, March 5th were issued a $0.14 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.56 annualized dividend and a yield of 1.87%. Old Point Financial’s dividend payout ratio (DPR) is presently 29.79%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Old Point Financial from a “hold” rating to a “buy” rating in a research note on Thursday.

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.