Old Point Financial Co. (NASDAQ:OPOF) to Issue Quarterly Dividend of $0.14

Old Point Financial Co. (NASDAQ:OPOF) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Shareholders of record on Wednesday, December 4th will be paid a dividend of 0.14 per share by the bank on Friday, December 27th. This represents a $0.56 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, December 4th.

Old Point Financial has raised its dividend payment by an average of 5.3% per year over the last three years.

Old Point Financial Stock Up 2.2 %

OPOF stock traded up $0.45 during mid-day trading on Thursday, hitting $20.87. The stock had a trading volume of 8,408 shares, compared to its average volume of 6,386. The stock has a market capitalization of $106.02 million, a price-to-earnings ratio of 12.76 and a beta of 0.29. The company has a fifty day moving average of $19.26 and a 200 day moving average of $17.33. Old Point Financial has a 1-year low of $13.49 and a 1-year high of $21.89. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.35.

Old Point Financial (NASDAQ:OPOF) last released its quarterly earnings results on Thursday, October 24th. The bank reported $0.47 earnings per share (EPS) for the quarter. Old Point Financial had a return on equity of 7.38% and a net margin of 9.47%. The company had revenue of $15.78 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Old Point Financial in a research note on Tuesday. They set a “hold” rating for the company.

About Old Point Financial

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.