Old Point Financial (NASDAQ:OPOF) Share Price Crosses Above 200-Day Moving Average of $24.57

Old Point Financial Co. (NASDAQ:OPOF)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $24.57 and traded as high as $27.00. Old Point Financial shares last traded at $27.00, with a volume of 30 shares.

Separately, ValuEngine cut Old Point Financial from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th.

The firm has a market cap of $142.98 million, a price-to-earnings ratio of 19.64 and a beta of 0.42. The business’s 50-day moving average is $28.47 and its 200-day moving average is $24.60. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 0.92.

Old Point Financial (NASDAQ:OPOF) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.43 earnings per share for the quarter. The firm had revenue of $12.29 million for the quarter. Old Point Financial had a net margin of 13.39% and a return on equity of 6.88%.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Tuesday, December 3rd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Monday, December 2nd.

Several institutional investors and hedge funds have recently made changes to their positions in OPOF. Renaissance Technologies LLC grew its position in Old Point Financial by 10.8% during the 2nd quarter. Renaissance Technologies LLC now owns 38,035 shares of the bank’s stock worth $839,000 after acquiring an additional 3,700 shares during the last quarter. Vanguard Group Inc. boosted its stake in Old Point Financial by 0.7% in the second quarter. Vanguard Group Inc. now owns 142,620 shares of the bank’s stock worth $3,145,000 after purchasing an additional 1,000 shares in the last quarter. Finally, State Street Corp boosted its stake in Old Point Financial by 9.3% in the third quarter. State Street Corp now owns 40,086 shares of the bank’s stock worth $953,000 after purchasing an additional 3,397 shares in the last quarter. 35.34% of the stock is currently owned by institutional investors and hedge funds.

Old Point Financial Company Profile (NASDAQ:OPOF)

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, retail, and commercial customers. The company offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits.

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