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

Old Point Financial Corporation (NASDAQ:OPOF - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $33.58 and traded as high as $41.00. Old Point Financial shares last traded at $40.66, with a volume of 13,727 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Old Point Financial to a "hold" rating in a report on Saturday, July 5th.

Old Point Financial Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $207.95 million, a PE ratio of 20.76 and a beta of -0.31. The company's 50-day simple moving average is $39.89 and its 200-day simple moving average is $33.89.

Old Point Financial (NASDAQ:OPOF - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $15.86 million for the quarter.

Old Point Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 9th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Monday, June 9th. Old Point Financial's payout ratio is 28.57%.

Institutional Trading of Old Point Financial

Several hedge funds and other institutional investors have recently made changes to their positions in OPOF. Fourthstone LLC lifted 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 during the period. OLD Point Trust & Financial Services N A lifted 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 during the period. Renaissance Technologies LLC lifted its stake in shares of Old Point Financial by 18.1% in the fourth quarter. Renaissance Technologies LLC now owns 35,929 shares of the bank's stock valued at $936,000 after purchasing an additional 5,500 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Old Point Financial by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 20,416 shares of the bank's stock valued at $532,000 after purchasing an additional 1,246 shares during the period. Finally, Empowered Funds LLC raised its position 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 during the last quarter. Hedge funds and other institutional investors 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.