Old Point Financial (NASDAQ:OPOF) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Old Point Financial (NASDAQ:OPOF) in a report published on Thursday. The brokerage issued a hold rating on the bank’s stock.

Old Point Financial Stock Up 1.6 %

OPOF stock opened at $14.55 on Thursday. Old Point Financial has a fifty-two week low of $14.00 and a fifty-two week high of $23.24. The business’s 50 day moving average price is $16.18 and its two-hundred day moving average price is $16.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $73.04 million, a price-to-earnings ratio of 9.45 and a beta of 0.20.

Old Point Financial (NASDAQ:OPOF) last posted its earnings results on Tuesday, January 30th. The bank reported $0.29 earnings per share for the quarter. Old Point Financial had a return on equity of 7.51% and a net margin of 9.60%. The firm had revenue of $15.35 million for the quarter.

Old Point Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 6th were paid a $0.14 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.56 annualized dividend and a dividend yield of 3.85%. Old Point Financial’s payout ratio is currently 36.36%.

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.