Old Point Financial (NASDAQ:OPOF) Share Price Passes Above Two Hundred Day Moving Average of $16.17

Shares of Old Point Financial Co. (NASDAQ:OPOF) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.17 and traded as high as $17.50. Old Point Financial shares last traded at $17.50, with a volume of 813 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Old Point Financial in a report on Tuesday. They issued a “hold” rating on the stock.

Old Point Financial Stock Performance

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $18.13 and its 200 day moving average is $16.17. The stock has a market capitalization of $88.83 million, a price-to-earnings ratio of 13.89 and a beta of 0.29.

Old Point Financial (NASDAQ:OPOF) last released its quarterly earnings results on Thursday, July 25th. The bank reported $0.50 EPS for the quarter. Old Point Financial had a net margin of 8.41% and a return on equity of 6.69%. The business had revenue of $15.59 million for the quarter.

Old Point Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Wednesday, September 4th. Old Point Financial’s payout ratio is 44.44%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Old Point Financial stock. Empowered Funds LLC boosted its stake in Old Point Financial Co. (NASDAQ:OPOF) by 8.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,244 shares of the bank’s stock after purchasing an additional 1,225 shares during the quarter. Empowered Funds LLC owned about 0.32% of Old Point Financial worth $277,000 as of its most recent filing with the SEC. Institutional investors 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.