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

Equities research analysts at StockNews.com began coverage on shares of Old Point Financial (NASDAQ:OPOF) in a report released on Saturday. The firm set a “hold” rating on the bank’s stock.

Old Point Financial Trading Up 9.3 %

NASDAQ OPOF opened at $29.50 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. Old Point Financial has a 52 week low of $13.49 and a 52 week high of $29.50. The business has a 50 day moving average price of $25.08 and a 200-day moving average price of $21.39. The company has a market cap of $149.80 million, a price-to-earnings ratio of 15.69 and a beta of 0.26.

Old Point Financial (NASDAQ:OPOF) last announced its quarterly earnings results on Thursday, January 30th. The bank reported $0.57 EPS for the quarter. Old Point Financial had a net margin of 11.08% and a return on equity of 8.56%.

Institutional Trading of Old Point Financial

Several institutional investors and hedge funds have recently modified their holdings of OPOF. PL Capital Advisors LLC grew its holdings in Old Point Financial by 2,506.0% during the fourth quarter. PL Capital Advisors LLC now owns 18,785,638 shares of the bank’s stock worth $489,554,000 after buying an additional 18,064,777 shares in the last quarter. Fourthstone LLC boosted its holdings in Old Point Financial by 322.4% during the 4th quarter. Fourthstone LLC now owns 344,620 shares of the bank’s stock worth $8,981,000 after acquiring an additional 263,026 shares during the last quarter. OLD Point Trust & Financial Services N A grew its stake in shares of Old Point Financial by 1.1% in the 4th quarter. OLD Point Trust & Financial Services N A now owns 263,439 shares of the bank’s stock worth $6,865,000 after acquiring an additional 2,901 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Old Point Financial by 1.6% in the third quarter. Geode Capital Management LLC now owns 45,205 shares of the bank’s stock valued at $874,000 after purchasing an additional 693 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Old Point Financial by 18.1% during the fourth quarter. Renaissance Technologies LLC now owns 35,929 shares of the bank’s stock valued at $936,000 after purchasing an additional 5,500 shares in the last quarter. 33.43% of the stock is 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.