Old Point Financial (NASDAQ:OPOF) Issues Earnings Results

Old Point Financial (NASDAQ:OPOF) issued its quarterly earnings results on Thursday. The bank reported $0.57 earnings per share (EPS) for the quarter, Zacks reports. Old Point Financial had a return on equity of 7.38% and a net margin of 9.47%.

Old Point Financial Stock Up 0.0 %

NASDAQ:OPOF traded up $0.01 during mid-day trading on Thursday, reaching $24.41. The company’s stock had a trading volume of 925 shares, compared to its average volume of 3,372. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. Old Point Financial has a 1 year low of $13.49 and a 1 year high of $28.00. The stock has a fifty day moving average of $24.29 and a 200-day moving average of $20.71. The firm has a market capitalization of $124.00 million, a PE ratio of 15.26 and a beta of 0.26.

Old Point Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 4th were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.56 annualized dividend and a dividend yield of 2.29%. Old Point Financial’s dividend payout ratio is currently 35.00%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Old Point Financial in a research note on Thursday. They issued a “hold” rating on the stock.

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.