Old Point Financial (NASDAQ:OPOF) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Old Point Financial (NASDAQ:OPOF) in a research report report published on Saturday morning. The brokerage issued a hold rating on the bank’s stock.

Old Point Financial Trading Up 9.3 %

NASDAQ OPOF opened at $29.50 on Friday. The company’s 50-day moving average price is $25.20 and its 200-day moving average price is $21.49. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.35. The stock has a market cap of $149.86 million, a PE ratio of 15.69 and a beta of 0.26. Old Point Financial has a 12 month low of $13.49 and a 12 month high of $29.50.

Old Point Financial (NASDAQ:OPOF) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $0.57 EPS for the quarter. Old Point Financial had a net margin of 11.08% and a return on equity of 8.56%.

Institutional Trading of Old Point Financial

Several hedge funds have recently modified their holdings of OPOF. WealthTrak Capital Management LLC purchased a new stake in shares of Old Point Financial during the fourth quarter valued at about $47,000. Eastern Bank purchased a new position in shares of Old Point Financial during the 3rd quarter valued at approximately $57,000. Empowered Funds LLC increased its holdings in Old Point Financial by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 18,442 shares of the bank’s stock worth $356,000 after acquiring an additional 938 shares in the last quarter. Northern Trust Corp increased its holdings in Old Point Financial by 35.0% in the 4th quarter. Northern Trust Corp now owns 17,440 shares of the bank’s stock worth $454,000 after acquiring an additional 4,521 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in shares of Old Point Financial by 1.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 18,951 shares of the bank’s stock worth $494,000 after buying an additional 350 shares in the last quarter. 33.43% of the stock is owned by hedge funds and other institutional investors.

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.