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

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

Old Point Financial Stock Performance

Shares of OPOF stock opened at $29.92 on Tuesday. 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 market cap of $151.93 million, a P/E ratio of 15.91 and a beta of 0.17. Old Point Financial has a fifty-two week low of $13.49 and a fifty-two week high of $30.95. The stock’s 50-day moving average is $26.95 and its two-hundred day moving average is $22.81.

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 return on equity of 8.56% and a net margin of 11.08%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OPOF. Bridgeway Capital Management LLC increased its stake in shares of Old Point Financial by 1.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 18,951 shares of the bank’s stock worth $494,000 after purchasing an additional 350 shares during the period. Northern Trust Corp grew its holdings in Old Point Financial by 35.0% in the 4th quarter. Northern Trust Corp now owns 17,440 shares of the bank’s stock valued at $454,000 after buying an additional 4,521 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Old Point Financial by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 20,416 shares of the bank’s stock valued at $532,000 after buying an additional 1,246 shares during the last quarter. Fourthstone LLC increased its position in Old Point Financial by 322.4% in the 4th quarter. Fourthstone LLC now owns 344,620 shares of the bank’s stock worth $8,981,000 after buying an additional 263,026 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Old Point Financial by 18.1% during the fourth quarter. Renaissance Technologies LLC now owns 35,929 shares of the bank’s stock worth $936,000 after buying an additional 5,500 shares during the last quarter. Institutional investors and hedge funds own 33.43% of the company’s 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.