Old Point Financial (NASDAQ:OPOF) Issues Earnings Results

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

Old Point Financial Price Performance

NASDAQ OPOF opened at $24.40 on Friday. The firm has a market capitalization of $123.95 million, a PE ratio of 15.25 and a beta of 0.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.92. Old Point Financial has a 12 month low of $13.49 and a 12 month high of $28.00. The company’s 50 day simple moving average is $24.42 and its 200 day simple moving average is $20.79.

Old Point Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 4th were issued a $0.14 dividend. 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 (DPR) is presently 35.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Old Point Financial in a report on Thursday. They set 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.