Old Point Financial Corporation (NASDAQ:OPOF - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $31.48 and traded as high as $39.37. Old Point Financial shares last traded at $39.29, with a volume of 50,538 shares.
Analysts Set New Price Targets
Separately, Wall Street Zen initiated coverage on shares of Old Point Financial in a report on Tuesday, April 15th. They issued a "hold" rating on the stock.
Get Our Latest Report on OPOF
Old Point Financial Price Performance
The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock has a market cap of $207.82 million, a P/E ratio of 20.77 and a beta of -0.30. The firm's fifty day moving average price is $39.26 and its 200-day moving average price is $31.85.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last issued its earnings results on Wednesday, April 30th. The bank reported $0.39 earnings per share (EPS) for the quarter. Old Point Financial had a net margin of 11.52% and a return on equity of 8.58%. The firm had revenue of $15.86 million for the quarter.
Old Point Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 9th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Monday, June 9th. Old Point Financial's dividend payout ratio is 28.57%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. WealthTrak Capital Management LLC purchased a new stake in Old Point Financial in the fourth quarter worth $47,000. Goldman Sachs Group Inc. purchased a new stake in Old Point Financial in the first quarter worth $339,000. Jane Street Group LLC purchased a new stake in Old Point Financial in the first quarter worth $392,000. Northern Trust Corp lifted its stake in 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 acquiring an additional 4,521 shares during the period. Finally, Bridgeway Capital Management LLC lifted its stake in Old Point Financial by 1.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 18,951 shares of the bank's stock worth $494,000 after acquiring an additional 350 shares during the period. Institutional investors own 33.43% of the company's stock.
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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