Old Point Financial (NASDAQ:OPOF) Receives New Coverage from Analysts at StockNews.com

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

Old Point Financial Trading Up 0.5 %

NASDAQ:OPOF opened at $17.64 on Monday. 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 has a market capitalization of $89.61 million, a price-to-earnings ratio of 14.00 and a beta of 0.29. The firm has a fifty day simple moving average of $17.86 and a two-hundred day simple moving average of $16.16. Old Point Financial has a 12 month low of $13.49 and a 12 month high of $20.26.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Old Point Financial stock. Empowered Funds LLC increased its position in shares of Old Point Financial Co. (NASDAQ:OPOF) by 8.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,244 shares of the bank’s stock after purchasing an additional 1,225 shares during the quarter. Empowered Funds LLC owned approximately 0.32% of Old Point Financial worth $277,000 as of its most recent SEC filing. Institutional investors and hedge funds own 33.43% of the company’s stock.

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.