Old Point Financial (NASDAQ:OPOF) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Old Point Financial (NASDAQ:OPOF) in a research report report published on Thursday morning. The firm issued a hold rating on the bank’s stock.

Old Point Financial Stock Performance

Shares of OPOF stock opened at $14.36 on Thursday. The stock has a fifty day moving average of $16.29 and a 200 day moving average of $16.89. Old Point Financial has a 52 week low of $14.00 and a 52 week high of $23.24. The firm has a market capitalization of $72.09 million, a price-to-earnings ratio of 9.32 and a beta of 0.20. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.65.

Old Point Financial (NASDAQ:OPOF) last announced its quarterly earnings data on Tuesday, January 30th. The bank reported $0.29 EPS for the quarter. The business had revenue of $15.35 million during the quarter. Old Point Financial had a return on equity of 7.51% and a net margin of 9.60%.

Old Point Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.14 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.90%. Old Point Financial’s dividend payout ratio is currently 36.36%.

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.