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

Posted by Teresa Graham on Sep 26th, 2024

Equities researchers at StockNews.com started coverage on shares of Old Point Financial (NASDAQ:OPOF – Get Free Report) in a report released on Tuesday. The brokerage set a “hold” rating on the bank’s stock.

Old Point Financial Stock Performance

OPOF stock opened at $18.21 on Tuesday. The company has a market capitalization of $92.51 million, a P/E ratio of 14.45 and a beta of 0.29. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $18.20 and a 200 day simple moving average of $16.20. Old Point Financial has a fifty-two week low of $13.49 and a fifty-two week high of $20.26.

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

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 holdings in Old Point Financial Co. (NASDAQ:OPOF – Free Report) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,244 shares of the bank’s stock after purchasing an additional 1,225 shares during the quarter. Empowered Funds LLC owned 0.32% of Old Point Financial worth $277,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 33.43% of the company’s stock.

About Old Point Financial

(Get Free Report)

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.