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 research report sent to investors on Friday morning. The firm issued a hold rating on the bank’s stock.

Old Point Financial Stock Performance

NASDAQ:OPOF opened at $19.30 on Friday. The firm has a market capitalization of $97.97 million, a PE ratio of 15.32 and a beta of 0.29. The stock’s fifty day moving average is $18.55 and its 200 day moving average is $16.49. Old Point Financial has a fifty-two week low of $13.49 and a fifty-two week high of $20.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 0.91.

Old Point Financial (NASDAQ:OPOF) last announced its earnings results on Thursday, July 25th. The bank reported $0.50 earnings per share for the quarter. The business had revenue of $15.59 million for the quarter. Old Point Financial had a net margin of 8.41% and a return on equity of 6.69%.

Old Point Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 2.90%. Old Point Financial’s dividend payout ratio (DPR) is presently 44.44%.

Institutional Investors Weigh In On Old Point Financial

An institutional investor recently raised its position in Old Point Financial stock. Empowered Funds LLC grew its holdings in Old Point Financial Co. (NASDAQ:OPOF) by 8.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,244 shares of the bank’s stock after purchasing an additional 1,225 shares during the period. Empowered Funds LLC owned about 0.32% of Old Point Financial worth $277,000 as of its most recent filing with the Securities & Exchange Commission. 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.