Old Point Financial (NASDAQ:OPOF) Earns Hold Rating from Analysts at StockNews.com

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

Old Point Financial Price Performance

Shares of OPOF stock opened at $18.75 on Wednesday. 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 has a fifty-two week low of $13.49 and a fifty-two week high of $20.26. The firm has a market cap of $95.18 million, a P/E ratio of 14.88 and a beta of 0.29. The business’s 50 day moving average price is $18.43 and its 200-day moving average price is $16.31.

Old Point Financial (NASDAQ:OPOF) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $0.50 earnings per share (EPS) 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.99%. Old Point Financial’s dividend payout ratio (DPR) is 44.44%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Old Point Financial stock. Empowered Funds LLC grew its holdings in shares of Old Point Financial Co. (NASDAQ:OPOF) by 8.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,244 shares of the bank’s stock after buying an additional 1,225 shares during the period. Empowered Funds LLC owned 0.32% of Old Point Financial worth $277,000 as of its most recent SEC filing. 33.43% of the stock is currently owned by institutional investors.

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.