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

Old Point Financial Co. (NASDAQ:OPOF) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Shareholders of record on Wednesday, December 4th will be given a dividend of 0.14 per share by the bank on Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, December 4th.

Old Point Financial has raised its dividend payment by an average of 5.3% annually over the last three years.

Old Point Financial Price Performance

Old Point Financial stock traded up $0.45 during mid-day trading on Thursday, reaching $20.87. 8,408 shares of the company were exchanged, compared to its average volume of 6,386. Old Point Financial has a 12 month low of $13.49 and a 12 month high of $21.89. The company has a fifty day simple moving average of $19.26 and a 200-day simple moving average of $17.33. 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 $106.02 million, a PE ratio of 12.76 and a beta of 0.29.

Old Point Financial (NASDAQ:OPOF) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $0.47 earnings per share for the quarter. Old Point Financial had a return on equity of 7.38% and a net margin of 9.47%. The firm had revenue of $15.78 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Old Point Financial in a report on Tuesday. 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.