Old Point Financial Co. (OPOF) to Issue Quarterly Dividend of $0.14 on December 27th

Old Point Financial Co. (NASDAQ:OPOF) declared a quarterly dividend on Tuesday, November 19th,Wall Street Journal reports. Investors of record on Wednesday, December 4th will be given a dividend of 0.14 per share by the bank on Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, December 4th.

Old Point Financial has raised its dividend by an average of 5.3% annually over the last three years.

Old Point Financial Stock Up 1.4 %

NASDAQ OPOF opened at $22.52 on Monday. Old Point Financial has a 12 month low of $13.49 and a 12 month high of $22.85. The company has a market capitalization of $114.40 million, a P/E ratio of 14.08 and a beta of 0.29. The company’s 50 day simple moving average is $19.89 and its 200 day simple moving average is $17.71. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.92.

Old Point Financial (NASDAQ:OPOF) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $15.78 million for the quarter. Old Point Financial had a return on equity of 7.38% and a net margin of 9.47%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Old Point Financial in a report on Wednesday, November 27th. They set a “hold” rating on the 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.