Old Point Financial (NASDAQ:OPOF) Releases Earnings Results

Old Point Financial (NASDAQ:OPOF) issued its quarterly earnings results on Thursday. The bank reported $0.57 EPS for the quarter, Zacks reports. Old Point Financial had a return on equity of 7.38% and a net margin of 9.47%.

Old Point Financial Trading Up 0.0 %

Shares of OPOF traded up $0.01 during mid-day trading on Thursday, reaching $24.41. 875 shares of the company were exchanged, compared to its average volume of 3,368. The stock has a market capitalization of $124.00 million, a PE ratio of 15.26 and a beta of 0.26. Old Point Financial has a 52 week low of $13.49 and a 52 week high of $28.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.92 and a current ratio of 0.92. The business has a 50 day simple moving average of $24.29 and a two-hundred day simple moving average of $20.71.

Old Point Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.29%. The ex-dividend date was Wednesday, December 4th. Old Point Financial’s payout ratio is presently 35.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Old Point Financial in a report on Thursday. They issued a “hold” rating for the company.

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.