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

Stock analysts at StockNews.com started coverage on shares of Old Point Financial (NASDAQ:OPOF) in a research report issued to clients and investors on Monday. The brokerage set a “hold” rating on the bank’s stock.

Old Point Financial Price Performance

OPOF stock opened at $25.86 on Monday. The company has a market cap of $131.32 million, a PE ratio of 16.16 and a beta of 0.26. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $22.61 and a two-hundred day moving average price of $19.43. Old Point Financial has a 12-month low of $13.49 and a 12-month high of $28.00.

Old Point Financial (NASDAQ:OPOF) last issued its earnings results on Thursday, October 24th. The bank reported $0.47 earnings per share (EPS) for the quarter. The business had revenue of $15.78 million during the quarter. Old Point Financial had a return on equity of 7.38% and a net margin of 9.47%.

Institutional Trading of Old Point Financial

Institutional investors have recently added to or reduced their stakes in the business. Eastern Bank purchased a new position in Old Point Financial in the third quarter valued at about $57,000. Empowered Funds LLC grew its stake in shares of Old Point Financial by 5.4% in the third quarter. Empowered Funds LLC now owns 18,442 shares of the bank’s stock valued at $356,000 after buying an additional 938 shares in the last quarter. Fourthstone LLC raised its holdings in shares of 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 buying an additional 25,273 shares during the period. Finally, Geode Capital Management LLC lifted its position in Old Point Financial by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 45,205 shares of the bank’s stock worth $874,000 after acquiring an additional 693 shares in the last quarter. 33.43% of the stock is owned by hedge funds and other institutional investors.

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.