Old Point Financial Co. (NASDAQ:OPOF) Short Interest Down 18.9% in February

Old Point Financial Co. (NASDAQ:OPOF) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 4,300 shares, a decrease of 18.9% from the February 13th total of 5,300 shares. Based on an average daily trading volume, of 5,900 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are sold short.

Old Point Financial Stock Down 0.1 %

Shares of NASDAQ:OPOF traded down $0.04 on Tuesday, reaching $30.10. The company had a trading volume of 14,932 shares, compared to its average volume of 7,149. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $152.85 million, a PE ratio of 16.01 and a beta of 0.17. Old Point Financial has a 52-week low of $13.49 and a 52-week high of $30.95. The firm’s 50 day simple moving average is $27.37 and its 200-day simple moving average is $23.20.

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

Old Point Financial Announces Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Old Point Financial in a research report on Tuesday, March 11th. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Old Point Financial

A number of large investors have recently modified their holdings of OPOF. WealthTrak Capital Management LLC acquired a new stake in Old Point Financial in the 4th quarter worth approximately $47,000. Empowered Funds LLC raised its holdings in shares of Old Point Financial by 5.4% in the third quarter. Empowered Funds LLC now owns 18,442 shares of the bank’s stock worth $356,000 after buying an additional 938 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Old Point Financial by 35.0% during the fourth quarter. Northern Trust Corp now owns 17,440 shares of the bank’s stock worth $454,000 after buying an additional 4,521 shares during the period. Bridgeway Capital Management LLC grew its holdings in shares of Old Point Financial by 1.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 18,951 shares of the bank’s stock valued at $494,000 after buying an additional 350 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Old Point Financial by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 20,416 shares of the bank’s stock valued at $532,000 after acquiring an additional 1,246 shares during the period. Hedge funds and other 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.