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 $34.26 and traded as high as $41.56. Old Point Financial shares last traded at $40.86, with a volume of 20,760 shares traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Old Point Financial to a "hold" rating in a research report on Saturday, July 5th.
View Our Latest Stock Report on Old Point Financial
Old Point Financial Price Performance
The firm has a fifty day moving average of $40.07 and a two-hundred day moving average of $34.58. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $207.36 million, a PE ratio of 20.70 and a beta of -0.31.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The bank reported $0.39 earnings per share for the quarter. The firm 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 declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 9th were issued a dividend of $0.14 per share. The ex-dividend date was Monday, June 9th. This represents a $0.56 dividend on an annualized basis and a yield of 1.38%. Old Point Financial's dividend payout ratio is currently 28.57%.
Hedge Funds Weigh In On Old Point Financial
Several hedge funds and other institutional investors have recently modified their holdings of the company. WealthTrak Capital Management LLC bought a new stake in shares of Old Point Financial in the fourth quarter worth about $47,000. Gratus Wealth Advisors LLC bought a new position in Old Point Financial during the 2nd quarter valued at approximately $202,000. Bay Capital Advisors LLC purchased a new stake in Old Point Financial in the 2nd quarter worth approximately $231,000. Goldman Sachs Group Inc. purchased a new stake in Old Point Financial in the 1st quarter worth approximately $339,000. Finally, Jane Street Group LLC bought a new stake in shares of Old Point Financial in the 1st quarter worth approximately $392,000. 33.43% of the stock is owned by institutional investors.
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.
Further Reading
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