Old Point Financial Co. (NASDAQ:OPOF) Declares Quarterly Dividend of $0.14

Old Point Financial Co. (NASDAQ:OPOF) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Wednesday, December 4th will be paid a dividend of 0.14 per share by the bank on Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Wednesday, December 4th.

Old Point Financial has increased its dividend by an average of 5.3% annually over the last three years.

Old Point Financial Stock Performance

Shares of Old Point Financial stock opened at $20.78 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a 50 day simple moving average of $19.33 and a 200 day simple moving average of $17.35. Old Point Financial has a fifty-two week low of $13.49 and a fifty-two week high of $21.89. The firm has a market cap of $105.52 million, a P/E ratio of 12.99 and a beta of 0.29.

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

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Old Point Financial in a report on Tuesday. They issued a “hold” rating for the company.

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.