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

StockNews.com assumed coverage on shares of Old Point Financial (NASDAQ:OPOF) in a research note issued to investors on Friday. The brokerage issued a hold rating on the bank’s stock.

Old Point Financial Stock Up 1.0 %

Shares of OPOF traded up $0.14 during mid-day trading on Friday, hitting $13.80. 3,199 shares of the company’s stock were exchanged, compared to its average volume of 2,681. The stock’s 50-day moving average is $15.88 and its 200-day moving average is $16.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.92 and a current ratio of 0.92. Old Point Financial has a fifty-two week low of $13.49 and a fifty-two week high of $22.33. The company has a market cap of $69.28 million, a price-to-earnings ratio of 10.95 and a beta of 0.27.

Old Point Financial (NASDAQ:OPOF) last released its earnings results on Tuesday, January 30th. The bank reported $0.29 earnings per share (EPS) for the quarter. Old Point Financial had a net margin of 7.71% and a return on equity of 6.18%. The company had revenue of $15.35 million for the quarter.

Old Point Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 6th were paid a dividend of $0.14 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.56 annualized dividend and a yield of 4.06%. Old Point Financial’s payout ratio is 44.44%.

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.