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

Old Point Financial Co. (NASDAQ:OPOF) announced a quarterly dividend on Wednesday, February 19th,RTT News reports. Shareholders of record on Wednesday, March 5th will be given a dividend of 0.14 per share by the bank on Friday, March 28th. This represents a $0.56 dividend on an annualized basis and a yield of 1.87%.

Old Point Financial has raised its dividend payment by an average of 3.9% per year over the last three years.

Old Point Financial Stock Performance

OPOF stock traded up $0.21 during mid-day trading on Wednesday, reaching $29.94. 11,008 shares of the stock traded hands, compared to its average volume of 4,694. 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 52 week low of $13.49 and a 52 week high of $29.92. The business has a 50-day moving average of $25.32 and a two-hundred day moving average of $21.57. The firm has a market capitalization of $152.10 million, a PE ratio of 15.93 and a beta of 0.26.

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

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Old Point Financial in a research report on Saturday. They set 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.