Old Point Financial (NASDAQ:OPOF) Now Covered by Analysts at StockNews.com

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

Old Point Financial Trading Down 0.2 %

NASDAQ OPOF opened at $20.60 on Tuesday. Old Point Financial has a one year low of $13.49 and a one year high of $21.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market cap of $104.61 million, a P/E ratio of 12.88 and a beta of 0.29. The stock’s 50-day moving average is $19.16 and its 200-day moving average is $17.26.

Old Point Financial (NASDAQ:OPOF) last announced its earnings results on Thursday, October 24th. The bank reported $0.47 EPS for the quarter. The firm had revenue of $15.78 million for the quarter. Old Point Financial had a net margin of 9.47% and a return on equity of 7.38%.

Institutional Trading of Old Point Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. Eastern Bank acquired a new position in shares of Old Point Financial during the third quarter worth about $57,000. Empowered Funds LLC lifted its stake in Old Point Financial by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 18,442 shares of the bank’s stock valued at $356,000 after acquiring an additional 938 shares in the last quarter. Geode Capital Management LLC lifted its stake in Old Point Financial by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 45,205 shares of the bank’s stock valued at $874,000 after acquiring an additional 693 shares in the last quarter. Fourthstone LLC boosted its position in Old Point Financial by 44.9% during the 3rd quarter. Fourthstone LLC now owns 81,594 shares of the bank’s stock worth $1,576,000 after acquiring an additional 25,273 shares during the last quarter. Finally, PL Capital Advisors LLC grew its stake in shares of Old Point Financial by 19.2% during the 2nd quarter. PL Capital Advisors LLC now owns 720,861 shares of the bank’s stock worth $10,575,000 after acquiring an additional 116,015 shares in the last quarter. Institutional investors and hedge funds 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.