Old Point Financial (NASDAQ:OPOF) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Old Point Financial (NASDAQ:OPOF) in a report issued on Monday morning. The firm issued a hold rating on the bank’s stock.

Old Point Financial Stock Performance

Shares of OPOF stock opened at $30.42 on Monday. Old Point Financial has a 12-month low of $13.49 and a 12-month high of $30.95. The firm has a market capitalization of $154.47 million, a price-to-earnings ratio of 16.18 and a beta of 0.26. The business has a 50 day simple moving average of $26.45 and a 200 day simple moving average of $22.41. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.92.

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

Old Point Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Wednesday, March 5th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Wednesday, March 5th. Old Point Financial’s dividend payout ratio (DPR) is 29.79%.

Hedge Funds Weigh In On Old Point Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings 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 worth $874,000 after buying an additional 693 shares in the last quarter. Empowered Funds LLC boosted its stake in Old Point Financial by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 18,442 shares of the bank’s stock valued at $356,000 after purchasing an additional 938 shares in the last quarter. Fourthstone LLC boosted its stake in Old Point Financial by 44.9% during the 3rd quarter. Fourthstone LLC now owns 81,594 shares of the bank’s stock valued at $1,576,000 after purchasing an additional 25,273 shares in the last quarter. PL Capital Advisors LLC boosted its stake in Old Point Financial by 2,506.0% during the 4th quarter. PL Capital Advisors LLC now owns 18,785,638 shares of the bank’s stock valued at $489,554,000 after purchasing an additional 18,064,777 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Old Point Financial by 35.0% during the 4th quarter. Northern Trust Corp now owns 17,440 shares of the bank’s stock valued at $454,000 after purchasing an additional 4,521 shares in the last quarter. 33.43% of the stock is owned by institutional investors.

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.