Old Point Financial (NASDAQ:OPOF) gets new analyst coverage on StockNews.com

Financial trading in Old Point fell 0.1%

Shares of Old Point Financial fell $0.01 during trading on Thursday, hitting $14.00. The company had a trading volume of 11,022 shares, compared to the average volume of 4,162. Old Point Financial has a 12-month low of $13.49 and a 12-month high of $22.33. The stock’s 50-day moving average price is $14.59 and its two-hundred-day moving average price is $16.30. The company has a market cap of $71.12 million, a price-to-earnings ratio of 11.12 and a beta of 0.29. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93.

Old Point Financial (NASDAQ:OPOF – Get Free Report) last reported its quarterly results on Tuesday, April 30. The bank reported earnings per share of $0.34 for the quarter. The company had revenue of $14.76 million for the quarter. Old Point Financial had a net margin of 7.71% and a return on equity of 6.11%.

Announcing Old Point’s financial dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28. Shareholders of record on Wednesday, June 5 will receive a dividend of $0.14 per share. The ex-dividend date is Wednesday, June 5. This represents a dividend of $0.56 annually and a dividend yield of 4.00%. Old Point Financial’s payout ratio currently stands at 44.44%.

Insider transactions at Old Point Financial

In other news, major shareholder Pl Capital Advisors, LLC purchased 3,100 shares of Old Point Financial stock in a transaction dated Monday, June 3. The shares were acquired at an average cost of $15.00 per share, with a total value of $46,500.00. Following the completion of the transaction, the insider now owns 630,120 shares in the company, valued at approximately $9,451,800. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have purchased 111,555 company shares worth $1,642,355. Corporate insiders own 21.11% of the company’s shares.

Institutional trading from Old Point Financial

A hedge fund recently increased its stake in shares of Old Point Financial. Empowered Funds LLC increased its position in shares of Old Point Financial Co. (NASDAQ:OPOF – Free Report) up 8.2% in the first quarter, according to its most recent SEC disclosure. The fund owned 16,244 shares of the bank, having acquired a further 1,225 shares during the period. Empowered Funds LLC owned 0.32% of Old Point Financial worth $277,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 33.43% of the company’s shares.

About Old Point Financial

(Get a free report)

Old Point Financial Corporation operates as the bank holding company for The Old Point National Bank of Phoebus, which provides consumer, mortgage and business banking services to individual and commercial customers in Virginia. It offers deposit products including interest-bearing transaction accounts, money market deposits, savings accounts, term deposits and demand deposits.

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