Old Point Financial Co. (OPOF) To Go Ex-Dividend on March 5th

Old Point Financial Co. (NASDAQ:OPOF) announced a quarterly dividend on Wednesday, February 19th, RTT News reports. Stockholders of record on Wednesday, March 5th will be given a dividend of 0.14 per share by the bank on Friday, March 28th. This represents a $0.56 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Wednesday, March 5th.

Old Point Financial has increased its dividend by an average of 3.9% annually over the last three years.

Old Point Financial Price Performance

OPOF stock opened at $29.90 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $25.54 and its 200 day simple moving average is $21.69. Old Point Financial has a 12-month low of $13.49 and a 12-month high of $30.10. The firm has a market cap of $151.89 million, a price-to-earnings ratio of 15.90 and a beta of 0.26.

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

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Old Point Financial in a research note on Saturday, February 15th. They issued a “hold” rating for the company.

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.