Old Point Financial (NASDAQ:OPOF) Earns Hold Rating from Analysts at StockNews.com

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

Old Point Financial Price Performance

Shares of NASDAQ:OPOF opened at $17.15 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 0.91. Old Point Financial has a 52-week low of $13.49 and a 52-week high of $20.26. The business’s 50 day simple moving average is $17.96 and its two-hundred day simple moving average is $16.16. The firm 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 issued its earnings results on Thursday, July 25th. The bank reported $0.50 earnings per share (EPS) for the quarter. The company had revenue of $15.59 million for the quarter. Old Point Financial had a return on equity of 6.69% and a net margin of 8.41%.

Old Point Financial Announces Dividend

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

Hedge Funds Weigh In On Old Point Financial

An institutional investor recently raised its position in Old Point Financial stock. Empowered Funds LLC boosted its holdings in Old Point Financial Co. (NASDAQ:OPOF) by 8.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,244 shares of the bank’s stock after acquiring an additional 1,225 shares during the quarter. Empowered Funds LLC owned 0.32% of Old Point Financial worth $277,000 at the end of the most recent quarter. Hedge funds and other 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.