Old Point Financial Co. (NASDAQ:OPOF) Short Interest Update

Old Point Financial Co. (NASDAQ:OPOF) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 11,700 shares, an increase of 30.0% from the March 15th total of 9,000 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 15,300 shares, the short-interest ratio is presently 0.8 days.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Old Point Financial in a report on Tuesday, April 15th. They set a “hold” rating for the company.

Institutional Trading of Old Point Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bridgeway Capital Management LLC raised its holdings 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 purchasing an additional 350 shares during the last quarter. Northern Trust Corp boosted its position in shares of 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 buying an additional 4,521 shares in the last quarter. Dimensional Fund Advisors LP grew 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 acquiring an additional 1,246 shares during the last quarter. Fourthstone LLC increased its holdings in Old Point Financial by 322.4% during the 4th quarter. Fourthstone LLC now owns 344,620 shares of the bank’s stock valued at $8,981,000 after acquiring an additional 263,026 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Old Point Financial by 18.1% during the fourth quarter. Renaissance Technologies LLC now owns 35,929 shares of the bank’s stock worth $936,000 after acquiring an additional 5,500 shares during the last quarter. Institutional investors and hedge funds own 33.43% of the company’s stock.

Old Point Financial Stock Performance

Shares of Old Point Financial stock traded up $0.04 during trading on Friday, reaching $37.98. The company’s stock had a trading volume of 17,427 shares, compared to its average volume of 10,114. The firm has a market cap of $193.85 million, a PE ratio of 20.20 and a beta of -0.22. The company has a 50-day moving average price of $31.87 and a two-hundred day moving average price of $25.87. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.35. Old Point Financial has a fifty-two week low of $13.49 and a fifty-two week high of $38.90.

Old Point Financial (NASDAQ:OPOF) last issued its earnings results on Thursday, January 30th. The bank reported $0.57 earnings per share for the quarter. Old Point Financial had a net margin of 11.08% and a return on equity of 8.56%.

Old Point Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 5th were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.47%. Old Point Financial’s dividend payout ratio is presently 29.79%.

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.