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

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

Old Point Financial Stock Performance

Shares of OPOF opened at $17.15 on Monday. 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 one year low of $13.49 and a one year high of $20.26. The company’s fifty day moving average price is $17.91 and its 200 day moving average price is $16.16. The company has a market capitalization of $87.12 million, a PE ratio of 13.61 and a beta of 0.29.

Old Point Financial (NASDAQ:OPOF) last posted its quarterly earnings data on Thursday, July 25th. The bank reported $0.50 EPS for the quarter. Old Point Financial had a return on equity of 6.69% and a net margin of 8.41%. The business had revenue of $15.59 million for the quarter.

Hedge Funds Weigh In On Old Point Financial

A hedge fund recently raised its stake in Old Point Financial stock. PL Capital Advisors LLC grew its stake in Old Point Financial Co. (NASDAQ:OPOF) by 19.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 720,861 shares of the bank’s stock after purchasing an additional 116,015 shares during the period. Old Point Financial comprises about 4.4% of PL Capital Advisors LLC’s investment portfolio, making the stock its 7th biggest position. PL Capital Advisors LLC owned about 14.19% of Old Point Financial worth $10,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.