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

StockNews.com assumed coverage on shares of Old Point Financial (NASDAQ:OPOF) in a research note published on Thursday. The firm issued a hold rating on the bank’s stock.

Old Point Financial Price Performance

Shares of NASDAQ OPOF opened at $14.36 on Thursday. The firm has a 50-day simple moving average of $16.29 and a 200-day simple moving average of $16.89. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $72.09 million, a price-to-earnings ratio of 9.32 and a beta of 0.20. Old Point Financial has a 52 week low of $14.00 and a 52 week high of $23.24.

Old Point Financial (NASDAQ:OPOF) last released its quarterly earnings data on Tuesday, January 30th. The bank reported $0.29 EPS for the quarter. The company had revenue of $15.35 million during the quarter. Old Point Financial had a net margin of 9.60% and a return on equity of 7.51%.

Old Point Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.56 annualized dividend and a dividend yield of 3.90%. Old Point Financial’s payout ratio is 36.36%.

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.