Old Point Financial (NASDAQ:OPOF) Rating Increased to Hold at Wall Street Zen

Old Point Financial (NASDAQ:OPOF - Get Free Report) was upgraded by investment analysts at Wall Street Zen to a "hold" rating in a note issued to investors on Saturday.

Old Point Financial Price Performance

OPOF opened at $40.68 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $207.87 million, a price-to-earnings ratio of 20.76 and a beta of -0.31. The firm's fifty day moving average price is $39.63 and its two-hundred day moving average price is $32.90. Old Point Financial has a 1 year low of $14.62 and a 1 year high of $40.95.

Old Point Financial (NASDAQ:OPOF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The bank reported $0.39 earnings per share (EPS) for the quarter. The firm had revenue of $15.86 million for the quarter. Old Point Financial had a net margin of 11.52% and a return on equity of 8.58%.

Institutional Investors Weigh In On Old Point Financial

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its holdings in Old Point Financial by 18.1% during the fourth quarter. Renaissance Technologies LLC now owns 35,929 shares of the bank's stock valued at $936,000 after purchasing an additional 5,500 shares during the last quarter. Northern Trust Corp increased its position 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 worth $454,000 after purchasing an additional 4,521 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Old Point Financial by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 20,416 shares of the bank's stock worth $532,000 after purchasing an additional 1,246 shares during the last quarter. WealthTrak Capital Management LLC bought a new position in shares of Old Point Financial in the fourth quarter worth approximately $47,000. Finally, Fourthstone LLC increased its position in shares of Old Point Financial by 322.4% in the fourth quarter. Fourthstone LLC now owns 344,620 shares of the bank's stock worth $8,981,000 after purchasing an additional 263,026 shares during the last quarter. 33.43% of the stock is owned by hedge funds and other institutional investors.

About Old Point Financial

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.

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