Old Point Financial (NASDAQ:OPOF) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Old Point Financial (NASDAQ:OPOF) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the bank’s stock.

Old Point Financial Trading Up 0.1 %

Shares of NASDAQ OPOF opened at $37.98 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. Old Point Financial has a twelve month low of $13.49 and a twelve month high of $38.90. The company’s fifty day moving average is $31.63 and its 200-day moving average is $25.69. The stock has a market cap of $193.85 million, a price-to-earnings ratio of 20.20 and a beta of -0.22.

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

Old Point Financial Dividend Announcement

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

Institutional Investors Weigh In On Old Point Financial

Several large investors have recently made changes to their positions in OPOF. Bridgeway Capital Management LLC boosted its stake in Old Point Financial by 1.9% in the 4th 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 period. Northern Trust Corp boosted its position in shares of Old Point Financial by 35.0% during the fourth quarter. Northern Trust Corp now owns 17,440 shares of the bank’s stock worth $454,000 after buying an additional 4,521 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Old Point Financial by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 20,416 shares of the bank’s stock worth $532,000 after buying an additional 1,246 shares in the last quarter. Fourthstone LLC grew its holdings in shares of Old Point Financial by 322.4% during the fourth quarter. Fourthstone LLC now owns 344,620 shares of the bank’s stock worth $8,981,000 after buying an additional 263,026 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Old Point Financial by 18.1% in the 4th quarter. Renaissance Technologies LLC now owns 35,929 shares of the bank’s stock valued at $936,000 after acquiring an additional 5,500 shares in the last quarter. 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.