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

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

Old Point Financial Trading Up 1.6 %

OPOF opened at $14.55 on Thursday. The stock has a market cap of $73.06 million, a PE ratio of 9.45 and a beta of 0.20. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.65. The business has a 50 day moving average of $16.18 and a 200-day moving average of $16.84. Old Point Financial has a 52 week low of $14.00 and a 52 week high of $23.24.

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

Old Point Financial Announces Dividend

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

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.