StockNews.com started coverage on shares of Old Point Financial (NASDAQ:OPOF – Free Report) in a research note published on Sunday. The brokerage issued a hold rating on the bank’s stock.
Old Point Financial Price Performance
Shares of NASDAQ OPOF opened at $17.92 on Friday. The stock has a market cap of $91.03 million, a price-to-earnings ratio of 14.22 and a beta of 0.29. Old Point Financial has a 52 week low of $13.49 and a 52 week high of $20.26. The company’s 50-day moving average price is $17.70 and its 200 day moving average price is $16.14. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36.
Old Point Financial (NASDAQ:OPOF – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $0.50 EPS for the quarter. Old Point Financial had a net margin of 8.41% and a return on equity of 6.69%. The firm had revenue of $15.59 million for the quarter.
Old Point Financial Dividend Announcement
Insiders Place Their Bets
In other news, major shareholder Pl Capital Advisors, Llc purchased 83,169 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were bought at an average cost of $14.80 per share, with a total value of $1,230,901.20. Following the purchase, the insider now directly owns 720,861 shares of the company’s stock, valued at $10,668,742.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought 84,639 shares of company stock valued at $1,258,154 in the last ninety days. Insiders own 21.11% of the company’s stock.
Institutional Investors Weigh In On Old Point Financial
An institutional investor recently raised its position in Old Point Financial stock. Empowered Funds LLC increased its stake in Old Point Financial Co. (NASDAQ:OPOF – Free Report) by 8.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent SEC filing. 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.
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