Old Point Financial Co. (NASDAQ:OPOF - Get Free Report) declared a quarterly dividend on Tuesday, May 27th, Wall Street Journal reports. Investors of record on Monday, June 9th will be paid a dividend of 0.14 per share by the bank on Monday, June 30th. This represents a $0.56 annualized dividend and a yield of 1.42%. The ex-dividend date is Monday, June 9th.
Old Point Financial has increased its dividend payment by an average of 3.9% per year over the last three years.
Old Point Financial Price Performance
NASDAQ OPOF traded down $0.17 on Monday, reaching $39.38. The company's stock had a trading volume of 13,006 shares, compared to its average volume of 10,810. Old Point Financial has a twelve month low of $13.70 and a twelve month high of $40.88. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.92 and a current ratio of 0.92. The firm's 50 day moving average is $37.62 and its two-hundred day moving average is $30.05. The stock has a market cap of $201.03 million, a PE ratio of 20.95 and a beta of -0.33.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last released its earnings results on Wednesday, April 30th. The bank reported $0.39 EPS for the quarter. The business had revenue of $15.86 million during 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 institutional investors and hedge funds have recently bought and sold shares of OPOF. Goldman Sachs Group Inc. acquired a new position in shares of Old Point Financial in the first quarter worth about $339,000. Jane Street Group LLC purchased a new stake in shares of Old Point Financial in the 1st quarter valued at approximately $392,000. Finally, Empowered Funds LLC boosted its stake in Old Point Financial by 3.5% in the 1st quarter. Empowered Funds LLC now owns 19,459 shares of the bank's stock worth $583,000 after purchasing an additional 667 shares during the period. Institutional investors and hedge funds own 33.43% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen started coverage on Old Point Financial in a report on Tuesday, April 15th. They issued a "hold" rating on the stock.
Read Our Latest Report on Old Point Financial
About Old Point Financial
(
Get Free Report)
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.
Featured Articles
Before you consider Old Point Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Old Point Financial wasn't on the list.
While Old Point Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
