Old Point Financial (NASDAQ:OPOF) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Old Point Financial Co. (NASDAQ:OPOF) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $21.39 and traded as high as $29.50. Old Point Financial shares last traded at $29.50, with a volume of 16,548 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Old Point Financial in a research note on Saturday. They issued a “hold” rating for the company.

Old Point Financial Stock Performance

The stock has a 50 day moving average price of $25.08 and a two-hundred day moving average price of $21.39. The company has a market capitalization of $149.80 million, a price-to-earnings ratio of 15.69 and a beta of 0.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.92 and a quick ratio of 0.92.

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

Old Point Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, December 4th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Wednesday, December 4th. Old Point Financial’s dividend payout ratio is presently 29.79%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. WealthTrak Capital Management LLC bought a new stake in Old Point Financial in the 4th quarter valued at $47,000. Eastern Bank acquired a new position in Old Point Financial in the 3rd quarter worth about $57,000. Empowered Funds LLC increased its holdings in Old Point Financial by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 18,442 shares of the bank’s stock worth $356,000 after purchasing an additional 938 shares in the last quarter. Northern Trust Corp increased its holdings in Old Point Financial by 35.0% in the 4th quarter. Northern Trust Corp now owns 17,440 shares of the bank’s stock worth $454,000 after purchasing an additional 4,521 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Old Point Financial by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 20,416 shares of the bank’s stock worth $532,000 after purchasing an additional 1,246 shares in the last quarter. Institutional investors and hedge funds own 33.43% of the company’s stock.

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.