Old Point Financial Corporation (NASDAQ:OPOF - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.
Analyst Ratings Changes
Separately, Wall Street Zen raised Old Point Financial to a "hold" rating in a research report on Saturday, July 5th.
View Our Latest Research Report on OPOF
Old Point Financial Price Performance
The company has a market capitalization of $208.64 million, a PE ratio of 20.83 and a beta of -0.31. 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 stock has a 50 day moving average price of $39.85 and a two-hundred day moving average price of $33.78.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.39 EPS for the quarter. The firm had revenue of $15.86 million for the quarter. Old Point Financial had a return on equity of 8.58% and a net margin of 11.52%.
Old Point Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 9th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.56 annualized dividend and a dividend yield of 1.37%. Old Point Financial's dividend payout ratio (DPR) is 28.57%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. WealthTrak Capital Management LLC bought a new stake in Old Point Financial in the fourth quarter worth $47,000. Bay Capital Advisors LLC acquired a new stake in shares of Old Point Financial in the second quarter worth about $231,000. Goldman Sachs Group Inc. acquired a new stake in shares of Old Point Financial in the first quarter worth about $339,000. Jane Street Group LLC bought a new stake in shares of Old Point Financial during the 1st quarter worth about $392,000. Finally, Northern Trust Corp increased its holdings in shares of Old Point Financial by 35.0% during the 4th quarter. Northern Trust Corp now owns 17,440 shares of the bank's stock valued at $454,000 after acquiring an additional 4,521 shares during the last quarter. Institutional investors own 33.43% of the company's stock.
Old Point Financial Company Profile
(
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.
Further Reading
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