Old Point Financial Corporation (NASDAQ:OPOF) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Old Point Financial Corporation (OPOF) opened at $27.78 on Friday. The firm has a market capitalization of $139.52, a P/E ratio of 38.61 and a beta of 0.12. Old Point Financial Corporation has a 1 year low of $20.45 and a 1 year high of $34.82. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.87 and a current ratio of 0.87.

Old Point Financial Corporation (NASDAQ:OPOF) last posted its quarterly earnings results on Wednesday, November 1st. The bank reported $0.15 earnings per share for the quarter. The firm had revenue of $11.09 million for the quarter. Old Point Financial Corporation had a return on equity of 3.78% and a net margin of 7.93%.

Several hedge funds have recently bought and sold shares of OPOF. State Street Corp acquired a new position in shares of Old Point Financial Corporation during the 2nd quarter worth approximately $2,069,000. Northern Trust Corp acquired a new position in shares of Old Point Financial Corporation during the 2nd quarter worth approximately $1,191,000. Vanguard Group Inc. increased its holdings in shares of Old Point Financial Corporation by 117.3% during the 2nd quarter. Vanguard Group Inc. now owns 33,167 shares of the bank’s stock worth $1,091,000 after acquiring an additional 17,905 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Old Point Financial Corporation during the 2nd quarter worth approximately $352,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Old Point Financial Corporation by 1,021,200.0% during the 3rd quarter. Wells Fargo & Company MN now owns 10,213 shares of the bank’s stock worth $331,000 after acquiring an additional 10,212 shares during the last quarter. 35.70% of the stock is currently owned by institutional investors and hedge funds.

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Old Point Financial Corporation Company Profile

Old Point Financial Corporation is a holding company that conducts all of its operations through two subsidiaries, The Old Point National Bank of Phoebus (the Bank) and Old Point Trust & Financial Services, N.A. (the Trust). The Company operates in three principal business segments: the Bank, the Trust and the Parent.

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