Old Point Financial (NASDAQ:OPOF) Share Price Crosses Above 200 Day Moving Average - What's Next?

Old Point Financial Co. (NASDAQ:OPOF - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.76 and traded as high as $39.70. Old Point Financial shares last traded at $39.33, with a volume of 12,709 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Old Point Financial in a research report on Tuesday, April 15th. They issued a "hold" rating for the company.

Old Point Financial Trading Down 0.3%

The business's fifty day moving average is $34.91 and its 200-day moving average is $28.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $201.05 million, a PE ratio of 20.95 and a beta of -0.33.

Old Point Financial (NASDAQ:OPOF - Get Free Report) last announced its earnings results on Wednesday, April 30th. The bank reported $0.39 earnings per share 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%.

Old Point Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.56 annualized dividend and a yield of 1.42%. Old Point Financial's payout ratio is presently 28.57%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OPOF. WealthTrak Capital Management LLC acquired a new stake in shares of Old Point Financial during the fourth quarter worth approximately $47,000. Northern Trust Corp grew its position in shares of Old Point Financial by 35.0% in 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. Bridgeway Capital Management LLC boosted its stake in Old Point Financial by 1.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 18,951 shares of the bank's stock worth $494,000 after purchasing an additional 350 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Old Point Financial by 6.5% during 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. Finally, Renaissance Technologies LLC boosted its stake in shares of Old Point Financial by 18.1% during the 4th quarter. Renaissance Technologies LLC now owns 35,929 shares of the bank's stock worth $936,000 after acquiring an additional 5,500 shares during the period. Institutional investors and hedge funds own 33.43% of the company's stock.

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.