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

Research analysts at StockNews.com assumed coverage on shares of Old Point Financial (NASDAQ:OPOF) in a report released on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

Old Point Financial Stock Down 1.7 %

OPOF opened at $19.00 on Wednesday. The company has a market cap of $96.44 million, a P/E ratio of 15.08 and a beta of 0.29. The business’s 50-day moving average price is $18.32 and its 200-day moving average price is $16.25. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. Old Point Financial has a 12 month low of $13.49 and a 12 month high of $20.26.

Old Point Financial (NASDAQ:OPOF) last released its quarterly earnings data on Thursday, July 25th. The bank reported $0.50 EPS for the quarter. The firm had revenue of $15.59 million for the quarter. Old Point Financial had a return on equity of 6.69% and a net margin of 8.41%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Old Point Financial stock. Empowered Funds LLC lifted its stake in Old Point Financial Co. (NASDAQ:OPOF) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,244 shares of the bank’s stock after buying an additional 1,225 shares during the period. Empowered Funds LLC owned approximately 0.32% of Old Point Financial worth $277,000 as of its most recent SEC filing. 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.