Old Point Financial Co. (NASDAQ:OPOF - Get Free Report)'s share price passed 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 traded.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on shares of Old Point Financial in a report on Tuesday, April 15th. They issued a "hold" rating for the company.
Check Out Our Latest Stock Analysis on OPOF
Old Point Financial Price Performance
The company's 50 day moving average price is $35.09 and its 200-day moving average price is $28.22. 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 company has a market cap of $203.24 million, a price-to-earnings ratio of 21.18 and a beta of -0.33.
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 return on equity of 8.56% and a net margin of 11.08%.
Old Point Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Wednesday, March 5th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Wednesday, March 5th. Old Point Financial's dividend payout ratio is currently 28.57%.
Institutional Trading of Old Point Financial
Institutional investors have recently made changes to their positions in the stock. WealthTrak Capital Management LLC acquired a new position in Old Point Financial in the fourth quarter worth approximately $47,000. Northern Trust Corp increased its holdings in 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 buying an additional 4,521 shares during the period. Bridgeway Capital Management LLC increased its holdings 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 valued at $494,000 after buying an additional 350 shares during the period. Dimensional Fund Advisors LP increased its holdings in Old Point Financial by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 20,416 shares of the bank's stock valued at $532,000 after buying an additional 1,246 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of 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 acquiring an additional 5,500 shares during the period. 33.43% of the stock is currently owned by institutional investors and hedge funds.
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.
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