Old Point Financial (NASDAQ:OPOF) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Shares of Old Point Financial Co. (NASDAQ:OPOF - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.37 and traded as high as $39.49. Old Point Financial shares last traded at $39.30, with a volume of 11,237 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Old Point Financial in a report on Tuesday, April 15th. They issued a "hold" rating for the company.

Old Point Financial Trading Down 0.3 %

The firm has a market cap of $198.24 million, a PE ratio of 20.66 and a beta of -0.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.92 and a current ratio of 0.92. The company has a 50 day simple moving average of $33.48 and a two-hundred day simple moving average of $26.92.

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 11.08% and a return on equity of 8.56%.

Old Point Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Wednesday, March 5th. Old Point Financial's dividend payout ratio (DPR) is 29.79%.

Hedge Funds Weigh In On Old Point Financial

Institutional investors and hedge funds have recently modified their holdings of the business. WealthTrak Capital Management LLC purchased a new stake in shares of Old Point Financial in the fourth quarter valued at approximately $47,000. Northern Trust Corp increased its holdings in Old Point Financial by 35.0% in the 4th quarter. Northern Trust Corp now owns 17,440 shares of the bank's stock worth $454,000 after acquiring an additional 4,521 shares in the last quarter. Bridgeway Capital Management LLC raised its position in Old Point Financial by 1.9% during 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. Dimensional Fund Advisors LP lifted its stake in Old Point Financial by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 20,416 shares of the bank's stock valued at $532,000 after buying an additional 1,246 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Old Point Financial by 18.1% in the 4th quarter. Renaissance Technologies LLC now owns 35,929 shares of the bank's stock worth $936,000 after buying an additional 5,500 shares during the last quarter. Hedge funds and other institutional investors own 33.43% of the company's stock.

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.