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

StockNews.com initiated coverage on shares of Old Point Financial (NASDAQ:OPOF) in a report released on Tuesday. The firm issued a hold rating on the bank’s stock.

Old Point Financial Trading Up 1.0 %

Shares of Old Point Financial stock opened at $18.69 on Tuesday. Old Point Financial has a 1-year low of $13.49 and a 1-year high of $20.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $94.87 million, a P/E ratio of 14.83 and a beta of 0.29. The stock’s 50 day simple moving average is $18.27 and its 200-day simple moving average is $16.23.

Old Point Financial (NASDAQ:OPOF) last released its quarterly earnings data on Thursday, July 25th. The bank reported $0.50 earnings per share for the quarter. Old Point Financial had a return on equity of 6.69% and a net margin of 8.41%. The company had revenue of $15.59 million for the quarter.

Old Point Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Wednesday, September 4th. Old Point Financial’s dividend payout ratio (DPR) is presently 44.44%.

Institutional Trading of Old Point Financial

An institutional investor recently raised its position in Old Point Financial stock. Empowered Funds LLC increased its holdings in Old Point Financial Co. (NASDAQ:OPOF) by 8.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 16,244 shares of the bank’s stock after acquiring an additional 1,225 shares during the period. Empowered Funds LLC owned approximately 0.32% of Old Point Financial worth $277,000 at the end of the most recent quarter. 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.