Old Point Financial (NASDAQ:OPOF) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Old Point Financial Corporation (NASDAQ:OPOF - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $32.14 and traded as high as $40.44. Old Point Financial shares last traded at $39.27, with a volume of 19,394 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen 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 Stock Up 0.7%

The business has a 50 day moving average of $39.49 and a 200 day moving average of $32.48. 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 firm has a market capitalization of $204.04 million, a price-to-earnings ratio of 20.37 and a beta of -0.30.

Old Point Financial (NASDAQ:OPOF - Get Free Report) last issued 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 return on equity of 8.58% and a net margin of 11.52%.

Old Point Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 9th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.40%. Old Point Financial's payout ratio is 28.57%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Fourthstone LLC raised its stake 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 valued at $8,981,000 after purchasing an additional 263,026 shares in the last quarter. OLD Point Trust & Financial Services N A raised its stake in shares of Old Point Financial by 1.1% in the fourth quarter. OLD Point Trust & Financial Services N A now owns 263,439 shares of the bank's stock valued at $6,865,000 after purchasing an additional 2,901 shares in the last quarter. Renaissance Technologies LLC raised its stake in Old Point Financial by 18.1% during the fourth quarter. Renaissance Technologies LLC now owns 35,929 shares of the bank's stock worth $936,000 after acquiring an additional 5,500 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 1,246 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Old Point Financial by 3.5% during the first quarter. Empowered Funds LLC now owns 19,459 shares of the bank's stock worth $583,000 after acquiring an additional 667 shares in the last quarter. 33.43% of the stock is currently owned by institutional investors and hedge funds.

Old Point Financial Company Profile

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.