Old Point Financial (NASDAQ:OPOF) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Old Point Financial (NASDAQ:OPOF) in a research report released on Sunday. The brokerage issued a hold rating on the bank’s stock.

Old Point Financial Stock Performance

Shares of NASDAQ OPOF opened at $15.15 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $76.96 million, a price-to-earnings ratio of 12.02 and a beta of 0.27. The business’s 50-day simple moving average is $15.26 and its 200-day simple moving average is $16.57. Old Point Financial has a 52 week low of $13.49 and a 52 week high of $22.33.

Old Point Financial (NASDAQ:OPOF) last issued its quarterly earnings data on Tuesday, April 30th. The bank reported $0.34 EPS for the quarter. The business had revenue of $14.76 million for the quarter. Old Point Financial had a return on equity of 6.11% and a net margin of 7.71%.

Insider Buying and Selling at Old Point Financial

In other Old Point Financial news, major shareholder Pl Capital Advisors, Llc bought 2,101 shares of the stock in a transaction on Friday, May 17th. The shares were purchased at an average price of $14.92 per share, with a total value of $31,346.92. Following the acquisition, the insider now directly owns 625,221 shares of the company’s stock, valued at approximately $9,328,297.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have acquired 19,684 shares of company stock valued at $281,905 in the last 90 days. 21.11% of the stock is currently owned by insiders.

Institutional Trading of Old Point Financial

A hedge fund recently raised its stake in Old Point Financial stock. Empowered Funds LLC grew its position in Old Point Financial Co. (NASDAQ:OPOF) by 8.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,244 shares of the bank’s stock after acquiring an additional 1,225 shares during the quarter. Empowered Funds LLC owned 0.32% of Old Point Financial worth $277,000 as of its most recent SEC filing. 33.43% of the stock is currently owned by hedge funds and other institutional investors.

About Old Point Financial

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.