Old Point Financial (NASDAQ:OPOF) Now Covered by Analysts at StockNews.com

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

Old Point Financial Price Performance

Shares of NASDAQ:OPOF opened at $29.50 on Friday. The firm’s 50 day moving average is $25.08 and its two-hundred day moving average is $21.40. Old Point Financial has a 52 week low of $13.49 and a 52 week high of $29.50. The firm has a market capitalization of $149.86 million, a P/E ratio of 15.69 and a beta of 0.26. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.35.

Old Point Financial (NASDAQ:OPOF) last announced 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%.

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 1.90%. The ex-dividend date of this dividend was Wednesday, December 4th. Old Point Financial’s dividend payout ratio (DPR) is presently 29.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. WealthTrak Capital Management LLC bought a new position in shares of Old Point Financial in the fourth quarter valued at approximately $47,000. Eastern Bank bought a new position in shares of Old Point Financial in the third quarter valued at approximately $57,000. Northern Trust Corp boosted its holdings in shares of Old Point Financial by 35.0% in the fourth quarter. Northern Trust Corp now owns 17,440 shares of the bank’s stock valued at $454,000 after acquiring an additional 4,521 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Old Point Financial by 5.4% in the third quarter. Empowered Funds LLC now owns 18,442 shares of the bank’s stock valued at $356,000 after acquiring an additional 938 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Old Point Financial by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 20,416 shares of the bank’s stock worth $532,000 after buying an additional 1,246 shares in the last quarter. 33.43% of the stock is currently owned by 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.