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

Analysts at StockNews.com began coverage on shares of Old Point Financial (NASDAQ:OPOF) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the bank’s stock.

Old Point Financial Stock Performance

NASDAQ OPOF opened at $24.40 on Thursday. The business has a 50 day moving average price of $24.29 and a 200 day moving average price of $20.71. 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 company has a market capitalization of $123.95 million, a P/E ratio of 15.25 and a beta of 0.26. Old Point Financial has a 1-year low of $13.49 and a 1-year high of $28.00.

Institutional Trading of Old Point Financial

Large investors have recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in Old Point Financial by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 45,205 shares of the bank’s stock valued at $874,000 after buying an additional 693 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Old Point Financial by 5.4% in the third quarter. Empowered Funds LLC now owns 18,442 shares of the bank’s stock valued at $356,000 after acquiring an additional 938 shares in the last quarter. Fourthstone LLC boosted its stake in shares of Old Point Financial by 44.9% during the third quarter. Fourthstone LLC now owns 81,594 shares of the bank’s stock valued at $1,576,000 after acquiring an additional 25,273 shares during the last quarter. Finally, Eastern Bank purchased a new stake in Old Point Financial during the 3rd quarter worth about $57,000. 33.43% of the stock is currently owned by institutional investors and hedge funds.

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.