StockNews.com initiated coverage on shares of Old Point Financial (NASDAQ:OPOF – Get Free Report) in a report released on Saturday. The brokerage set a “hold” rating on the bank’s stock.
Old Point Financial Stock Up 4.5 %
NASDAQ OPOF opened at $19.59 on Friday. The business’s 50-day moving average is $17.14 and its 200 day moving average is $16.09. The stock has a market capitalization of $99.41 million, a PE ratio of 15.54 and a beta of 0.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.91 and a quick ratio of 0.91. Old Point Financial has a 1 year low of $13.49 and a 1 year high of $20.26.
Old Point Financial (NASDAQ:OPOF – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $0.50 earnings per share for the quarter. Old Point Financial had a return on equity of 6.69% and a net margin of 8.41%. The firm had revenue of $15.59 million for the quarter.
Insider Activity
Institutional Investors Weigh In On Old Point Financial
An institutional investor recently raised its position in Old Point Financial stock. Empowered Funds LLC grew its holdings in shares of Old Point Financial Co. (NASDAQ:OPOF – Free Report) by 8.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,244 shares of the bank’s stock after buying an additional 1,225 shares during the period. Empowered Funds LLC owned 0.32% of Old Point Financial worth $277,000 as of its most recent SEC filing. Institutional investors own 33.43% of the company’s stock.
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.
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