Research analysts at StockNews.com assumed coverage on shares of Old Point Financial (NASDAQ:OPOF – Get Free Report) in a research note issued on Sunday. The firm set a “hold” rating on the bank’s stock.
Old Point Financial Stock Down 1.0 %
NASDAQ:OPOF opened at $17.82 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.91 and a quick ratio of 0.91. The company’s fifty day moving average price is $17.63 and its 200-day moving average price is $16.13. Old Point Financial has a 1-year low of $13.49 and a 1-year high of $20.26. The firm has a market capitalization of $90.53 million, a P/E ratio of 14.14 and a beta of 0.29.
Old Point Financial (NASDAQ:OPOF – Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The bank reported $0.50 earnings per share for the quarter. The company 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%.
Insider Buying and Selling
Institutional Inflows and Outflows
An institutional investor recently raised its position in Old Point Financial stock. Empowered Funds LLC boosted its stake in shares of Old Point Financial Co. (NASDAQ:OPOF – Free Report) by 8.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 16,244 shares of the bank’s stock after acquiring an additional 1,225 shares during the period. Empowered Funds LLC owned about 0.32% of Old Point Financial worth $277,000 at the end of the most recent quarter. Institutional investors 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.
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