StockNews.com Begins Coverage on Old Point Financial (NASDAQ:OPOF)

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

Old Point Financial Stock Up 1.0 %

Old Point Financial stock opened at $13.80 on Friday. The firm has a market capitalization of $69.28 million, a price-to-earnings ratio of 10.95 and a beta of 0.27. The company’s 50 day simple moving average is $15.88 and its 200 day simple moving average is $16.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.92 and a quick ratio of 0.92. Old Point Financial has a fifty-two week low of $13.49 and a fifty-two week high of $22.33.

Old Point Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 6th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Tuesday, March 5th. Old Point Financial’s dividend payout ratio is currently 44.44%.

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.