Old Point Financial (NASDAQ:OPOF) Shares Pass Above 200 Day Moving Average – Time to Sell?

Old Point Financial Co. (NASDAQ:OPOF)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.02 and traded as high as $25.50. Old Point Financial shares last traded at $25.24, with a volume of 6,521 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Old Point Financial in a report on Friday. They set a “hold” rating on the stock.

Old Point Financial Trading Down 0.2 %

The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $24.65 and a 200 day simple moving average of $21.02. The firm has a market capitalization of $127.91 million, a P/E ratio of 13.39 and a beta of 0.26.

Old Point Financial (NASDAQ:OPOF) last posted its quarterly earnings results on Thursday, January 30th. The bank reported $0.57 EPS for the quarter. Old Point Financial had a return on equity of 8.56% and a net margin of 11.08%.

Old Point Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 4th were issued a $0.14 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $0.56 annualized dividend and a dividend yield of 2.22%. Old Point Financial’s dividend payout ratio (DPR) is 29.79%.

Institutional Investors Weigh In On Old Point Financial

Several large investors have recently made changes to their positions in OPOF. PL Capital Advisors LLC increased its holdings in shares of Old Point Financial by 2,506.0% in the fourth quarter. PL Capital Advisors LLC now owns 18,785,638 shares of the bank’s stock worth $489,554,000 after purchasing an additional 18,064,777 shares during the last quarter. Fourthstone LLC increased its holdings in shares of Old Point Financial by 44.9% in the third quarter. Fourthstone LLC now owns 81,594 shares of the bank’s stock worth $1,576,000 after purchasing an additional 25,273 shares during the last quarter. Eastern Bank bought a new stake in shares of Old Point Financial in the third quarter worth about $57,000. Empowered Funds LLC increased its holdings 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 worth $356,000 after purchasing an additional 938 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Old Point Financial by 1.6% in the third 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 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.