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

StockNews.com initiated coverage on shares of Old Point Financial (NASDAQ:OPOF - Free Report) in a research report report published on Wednesday. The firm issued a hold rating on the bank's stock.

Old Point Financial Price Performance

NASDAQ OPOF traded up $0.09 on Wednesday, reaching $14.70. The company had a trading volume of 410 shares, compared to its average volume of 2,773. The stock has a market capitalization of $74.09 million, a PE ratio of 9.55 and a beta of 0.20. The firm's 50 day moving average price is $16.54 and its 200 day moving average price is $17.00. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.65. Old Point Financial has a 12 month low of $14.00 and a 12 month high of $23.88.

Old Point Financial (NASDAQ:OPOF - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported $0.29 EPS for the quarter. Old Point Financial had a return on equity of 7.51% and a net margin of 9.60%. The company had revenue of $15.35 million during the quarter.

Old Point Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.56 annualized dividend and a yield of 3.81%. Old Point Financial's dividend payout ratio (DPR) is currently 36.36%.

Institutional Investors Weigh In On Old Point Financial

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Old Point Financial by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 183,608 shares of the bank's stock worth $3,292,000 after purchasing an additional 4,627 shares during the period. Bridgeway Capital Management LLC boosted its stake in Old Point Financial by 4.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 32,319 shares of the bank's stock worth $573,000 after buying an additional 1,344 shares during the period. Northern Trust Corp bought a new position in Old Point Financial during the fourth quarter valued at $259,000. Renaissance Technologies LLC increased its position in Old Point Financial by 18.8% during the second quarter. Renaissance Technologies LLC now owns 27,135 shares of the bank's stock valued at $471,000 after acquiring an additional 4,300 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Old Point Financial by 16.5% in the second quarter. Geode Capital Management LLC now owns 36,564 shares of the bank's stock valued at $634,000 after acquiring an additional 5,184 shares during the period. 33.43% of the stock is 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.