Old Point Financial Co. (NASDAQ:OPOF) Short Interest Update

Old Point Financial Co. (NASDAQ:OPOF) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 4,300 shares, a decline of 18.9% from the February 13th total of 5,300 shares. Based on an average daily volume of 5,900 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of Old Point Financial

A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in Old Point Financial by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 45,205 shares of the bank’s stock valued at $874,000 after buying an additional 693 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Old Point Financial by 5.4% during 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 during the last quarter. PL Capital Advisors LLC boosted its holdings in shares of Old Point Financial by 2,506.0% during the fourth quarter. PL Capital Advisors LLC now owns 18,785,638 shares of the bank’s stock worth $489,554,000 after purchasing an additional 18,064,777 shares during the period. Fourthstone LLC grew its stake in shares of Old Point Financial by 44.9% in the third quarter. Fourthstone LLC now owns 81,594 shares of the bank’s stock worth $1,576,000 after purchasing an additional 25,273 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Old Point Financial by 35.0% during the 4th quarter. Northern Trust Corp now owns 17,440 shares of the bank’s stock valued at $454,000 after purchasing an additional 4,521 shares during the period. Hedge funds and other institutional investors own 33.43% of the company’s stock.

Old Point Financial Trading Down 0.3 %

Shares of OPOF traded down $0.10 during mid-day trading on Wednesday, reaching $30.00. The company’s stock had a trading volume of 19,576 shares, compared to its average volume of 7,202. 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 has a 52 week low of $13.49 and a 52 week high of $30.95. The company’s fifty day moving average price is $27.37 and its two-hundred day moving average price is $23.20. The stock has a market cap of $152.34 million, a PE ratio of 15.96 and a beta of 0.17.

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

Old Point Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 5th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.56 dividend on an annualized basis and a yield of 1.87%. Old Point Financial’s dividend payout ratio (DPR) is currently 29.79%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Old Point Financial in a report on Wednesday. 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.