Old Point Financial (NASDAQ:OPOF) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Old Point Financial (NASDAQ:OPOF) in a research report report published on Monday morning. The brokerage issued a hold rating on the bank’s stock.

Old Point Financial Price Performance

Old Point Financial stock opened at $17.15 on Monday. 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 $17.96 and its two-hundred day moving average price is $16.16. 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 stock has a market cap of $87.12 million, a P/E ratio of 13.61 and a beta of 0.29.

Old Point Financial (NASDAQ:OPOF) last posted its earnings results 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.56 annualized dividend and a dividend yield of 3.27%. Old Point Financial’s dividend payout ratio is currently 44.44%.

Institutional Investors Weigh In On Old Point Financial

An institutional investor recently raised its position in Old Point Financial stock. Empowered Funds LLC lifted its stake in shares of Old Point Financial Co. (NASDAQ:OPOF) by 8.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,244 shares of the bank’s stock after purchasing an additional 1,225 shares during the period. Empowered Funds LLC owned 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.