Old Point Financial (NASDAQ:OPOF) Posts Quarterly Earnings Results

Old Point Financial (NASDAQ:OPOF) released its earnings results on Thursday. The bank reported $0.57 EPS for the quarter, Zacks reports. Old Point Financial had a net margin of 9.47% and a return on equity of 7.38%.

Old Point Financial Trading Down 0.0 %

NASDAQ:OPOF opened at $24.40 on Friday. The stock has a fifty day simple moving average of $24.42 and a 200 day simple moving average of $20.79. The firm has a market capitalization of $123.95 million, a price-to-earnings ratio of 15.25 and a beta of 0.26. Old Point Financial has a 1-year low of $13.49 and a 1-year high of $28.00. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.35.

Old Point Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Wednesday, December 4th. Old Point Financial’s dividend payout ratio is 35.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Old Point Financial in a research report on Thursday. They issued a “hold” rating on the 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.