Old Point Financial (NASDAQ:OPOF) Now Covered by StockNews.com

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

Old Point Financial Stock Down 0.0 %

OPOF stock opened at $30.08 on Friday. The business’s 50 day simple moving average is $25.86 and its 200 day simple moving average is $21.98. Old Point Financial has a 1-year low of $13.49 and a 1-year high of $30.20. The firm has a market capitalization of $152.75 million, a PE ratio of 16.00 and a beta of 0.26. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.35.

Old Point Financial (NASDAQ:OPOF) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $0.57 earnings per share for the quarter. Old Point Financial had a net margin of 11.08% and a return on equity of 8.56%.

Old Point Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, March 5th. Old Point Financial’s payout ratio is 29.79%.

Institutional Investors Weigh In On Old Point Financial

Institutional investors have recently modified their holdings of the business. PL Capital Advisors LLC boosted its holdings in Old Point Financial by 2,506.0% in the 4th quarter. PL Capital Advisors LLC now owns 18,785,638 shares of the bank’s stock valued at $489,554,000 after purchasing an additional 18,064,777 shares during the period. Fourthstone LLC raised its position in shares of Old Point Financial by 322.4% in the fourth quarter. Fourthstone LLC now owns 344,620 shares of the bank’s stock valued at $8,981,000 after buying an additional 263,026 shares in the last quarter. OLD Point Trust & Financial Services N A boosted its stake in shares of Old Point Financial by 1.1% in the fourth quarter. OLD Point Trust & Financial Services N A now owns 263,439 shares of the bank’s stock valued at $6,865,000 after buying an additional 2,901 shares during the period. Geode Capital Management LLC increased its stake 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 acquiring an additional 693 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Old Point Financial by 18.1% during the 4th quarter. Renaissance Technologies LLC now owns 35,929 shares of the bank’s stock worth $936,000 after acquiring an additional 5,500 shares during the period. Institutional investors own 33.43% of the company’s stock.

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.