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 note issued to investors on Monday. The firm set a “hold” rating on the bank’s stock.

Old Point Financial Price Performance

Shares of OPOF stock opened at $25.51 on Monday. The firm has a market capitalization of $129.54 million, a price-to-earnings ratio of 15.94 and a beta of 0.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s 50-day simple moving average is $22.83 and its 200-day simple moving average is $19.59. Old Point Financial has a fifty-two week low of $13.49 and a fifty-two week high of $28.00.

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

Institutional Trading of Old Point Financial

Several large investors have recently added to or reduced their stakes in OPOF. Eastern Bank purchased a new position in shares of Old Point Financial in the third quarter worth about $57,000. Empowered Funds LLC boosted its position in Old Point Financial by 5.4% in the third quarter. Empowered Funds LLC now owns 18,442 shares of the bank’s stock valued at $356,000 after buying an additional 938 shares during the last quarter. Fourthstone LLC increased its holdings in Old Point Financial by 44.9% in the 3rd quarter. Fourthstone LLC now owns 81,594 shares of the bank’s stock worth $1,576,000 after buying an additional 25,273 shares during the period. Finally, Geode Capital Management LLC raised its position in Old Point Financial by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 45,205 shares of the bank’s stock worth $874,000 after buying an additional 693 shares during the last quarter. Hedge funds and other institutional investors own 33.43% of the company’s 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.