Old Point Financial Co. (NASDAQ:OPOF - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.25 and traded as high as $19.50. Old Point Financial shares last traded at $19.00, with a volume of 1,907 shares.
Separately, StockNews.com began coverage on Old Point Financial in a report on Wednesday. They issued a "hold" rating on the stock.
Check Out Our Latest Report on Old Point Financial
The business has a 50 day simple moving average of $18.32 and a 200 day simple moving average of $16.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $96.44 million, a price-to-earnings ratio of 15.08 and a beta of 0.29.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $0.50 earnings per share (EPS) for the quarter. Old Point Financial had a net margin of 8.41% and a return on equity of 6.69%. The business had revenue of $15.59 million for the quarter.
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.95%. Old Point Financial's payout ratio is 44.44%.
An institutional investor recently raised its position in Old Point Financial stock. Empowered Funds LLC increased its holdings in shares of Old Point Financial Co. (NASDAQ:OPOF - Free Report) by 8.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,244 shares of the bank's stock after buying an additional 1,225 shares during the period. Empowered Funds LLC owned 0.32% of Old Point Financial worth $277,000 at the end of the most recent quarter. 33.43% of the stock is owned by hedge funds and other institutional investors.
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.
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