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

Research analysts at StockNews.com started coverage on shares of Old Point Financial (NASDAQ:OPOF) in a research note issued on Tuesday. The firm set a “hold” rating on the bank’s stock.

Old Point Financial Stock Down 0.2 %

Shares of NASDAQ:OPOF opened at $18.21 on Tuesday. Old Point Financial has a 52 week low of $13.49 and a 52 week high of $20.26. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $92.51 million, a PE ratio of 14.45 and a beta of 0.29. The firm has a 50 day simple moving average of $18.20 and a 200 day simple moving average of $16.20.

Old Point Financial (NASDAQ:OPOF) last issued its earnings results on Thursday, July 25th. The bank reported $0.50 EPS for the quarter. Old Point Financial had a return on equity of 6.69% and a net margin of 8.41%. The business had revenue of $15.59 million during the quarter.

Institutional Trading of Old Point Financial

A hedge fund recently raised its stake in Old Point Financial stock. PL Capital Advisors LLC boosted its stake in Old Point Financial Co. (NASDAQ:OPOF) by 19.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 720,861 shares of the bank’s stock after buying an additional 116,015 shares during the quarter. Old Point Financial makes up about 4.4% of PL Capital Advisors LLC’s holdings, making the stock its 7th biggest position. PL Capital Advisors LLC owned approximately 14.19% of Old Point Financial worth $10,575,000 as of its most recent filing with the Securities & Exchange Commission. 33.43% of the stock is currently owned by hedge funds and other institutional investors.

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.