Empowered Funds LLC Buys 938 Shares of Old Point Financial Co. (NASDAQ:OPOF)

Empowered Funds LLC lifted its stake in shares of Old Point Financial Co. (NASDAQ:OPOF) by 5.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,442 shares of the bank’s stock after buying an additional 938 shares during the quarter. Empowered Funds LLC’s holdings in Old Point Financial were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, PL Capital Advisors LLC lifted its holdings in shares of Old Point Financial by 19.2% during the second quarter. PL Capital Advisors LLC now owns 720,861 shares of the bank’s stock valued at $10,575,000 after purchasing an additional 116,015 shares during the last quarter. 33.43% of the stock is owned by institutional investors.

Old Point Financial Trading Up 0.8 %

NASDAQ:OPOF opened at $21.82 on Tuesday. The stock has a market cap of $110.85 million, a price-to-earnings ratio of 13.64 and a beta of 0.29. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average price is $19.41 and its 200-day moving average price is $17.46. Old Point Financial Co. has a 52 week low of $13.49 and a 52 week high of $22.51.

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

Old Point Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Wednesday, December 4th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Wednesday, December 4th. Old Point Financial’s dividend payout ratio is 35.00%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Old Point Financial in a report on Tuesday, November 19th. They set a “hold” rating for the company.

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.