Old Point Financial Co. (NASDAQ:OPOF - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.82 and traded as high as $39.55. Old Point Financial shares last traded at $39.30, with a volume of 18,673 shares.
Analyst Ratings Changes
Separately, Wall Street Zen started coverage on shares of Old Point Financial in a report on Tuesday, April 15th. They set a "hold" rating on the stock.
Get Our Latest Analysis on Old Point Financial
Old Point Financial Stock Down 0.5%
The firm has a 50-day moving average of $38.90 and a two-hundred day moving average of $31.06. The stock has a market capitalization of $200.27 million, a price-to-earnings ratio of 20.87 and a beta of -0.30. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.35.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The bank reported $0.39 EPS for the quarter. Old Point Financial had a net margin of 11.08% and a return on equity of 8.56%. The business had revenue of $15.86 million during the quarter.
Old Point Financial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, June 9th. This represents a $0.56 annualized dividend and a dividend yield of 1.43%. Old Point Financial's dividend payout ratio is 28.57%.
Hedge Funds Weigh In On Old Point Financial
Hedge funds have recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC acquired a new position in shares of Old Point Financial during the 4th quarter worth $47,000. Goldman Sachs Group Inc. bought a new position in Old Point Financial during the first quarter valued at about $339,000. Jane Street Group LLC acquired a new stake in shares of Old Point Financial in the first quarter worth about $392,000. Northern Trust Corp boosted its stake in shares of Old Point Financial by 35.0% during the 4th quarter. Northern Trust Corp now owns 17,440 shares of the bank's stock worth $454,000 after acquiring an additional 4,521 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Old Point Financial by 1.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 18,951 shares of the bank's stock valued at $494,000 after acquiring an additional 350 shares during the last quarter. Institutional investors and hedge funds own 33.43% of the company's stock.
Old Point Financial Company Profile
(
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.
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