Old Point Financial (NASDAQ:OPOF) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Old Point Financial (NASDAQ:OPOF) in a research note released on Sunday. The brokerage issued a hold rating on the bank’s stock.

Old Point Financial Stock Down 0.0 %

Shares of NASDAQ:OPOF opened at $30.08 on Friday. The company has a 50 day moving average price of $25.86 and a two-hundred day moving average price of $21.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $152.75 million, a PE ratio of 16.00 and a beta of 0.26. Old Point Financial has a 52 week low of $13.49 and a 52 week high of $30.20.

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

Old Point Financial Dividend Announcement

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

Institutional Investors Weigh In On Old Point Financial

Several large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in Old Point Financial by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 45,205 shares of the bank’s stock valued at $874,000 after acquiring an additional 693 shares in the last quarter. Empowered Funds LLC lifted 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 valued at $356,000 after purchasing an additional 938 shares in the last quarter. Fourthstone LLC lifted its holdings in shares of Old Point Financial by 44.9% in the third quarter. Fourthstone LLC now owns 81,594 shares of the bank’s stock valued at $1,576,000 after purchasing an additional 25,273 shares in the last quarter. Northern Trust Corp boosted its position 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. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Old Point Financial by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 20,416 shares of the bank’s stock worth $532,000 after buying an additional 1,246 shares in the last 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.