StockNews.com Initiates Coverage on Old Point Financial (NASDAQ:OPOF)

Analysts at StockNews.com started coverage on shares of Old Point Financial (NASDAQ:OPOF) in a note issued to investors on Friday. The firm set a “hold” rating on the bank’s stock.

Old Point Financial Trading Up 1.0 %

NASDAQ:OPOF opened at $13.80 on Friday. The firm has a market cap of $69.28 million, a P/E ratio of 10.95 and a beta of 0.27. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.65. The stock’s 50 day simple moving average is $15.88 and its 200-day simple moving average is $16.72. Old Point Financial has a 12-month low of $13.49 and a 12-month high of $22.33.

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.