Old Point Financial Co. (NASDAQ:OPOF) Shares Bought by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A boosted its stake in Old Point Financial Co. (NASDAQ:OPOF) by 1.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 263,439 shares of the bank’s stock after acquiring an additional 2,901 shares during the period. Old Point Financial makes up approximately 2.4% of OLD Point Trust & Financial Services N A’s portfolio, making the stock its 15th largest position. OLD Point Trust & Financial Services N A owned 0.05% of Old Point Financial worth $6,865,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. PL Capital Advisors LLC lifted its holdings in Old Point Financial by 2,506.0% in the 4th quarter. PL Capital Advisors LLC now owns 18,785,638 shares of the bank’s stock valued at $489,554,000 after purchasing an additional 18,064,777 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Old Point Financial by 1.6% during the third quarter. Geode Capital Management LLC now owns 45,205 shares of the bank’s stock worth $874,000 after buying an additional 693 shares in the last quarter. Fourthstone LLC raised its position in shares of Old Point Financial by 44.9% in the third quarter. Fourthstone LLC now owns 81,594 shares of the bank’s stock valued at $1,576,000 after buying an additional 25,273 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Old Point Financial by 5.4% during the third quarter. Empowered Funds LLC now owns 18,442 shares of the bank’s stock valued at $356,000 after buying an additional 938 shares during the period. Institutional investors and hedge funds own 33.43% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Old Point Financial in a research note on Wednesday. They issued a “hold” rating for the company.

Old Point Financial Price Performance

Shares of NASDAQ:OPOF opened at $30.00 on Thursday. The business has a fifty day simple moving average of $27.46 and a 200-day simple moving average of $23.24. Old Point Financial Co. has a 52 week low of $13.49 and a 52 week high of $30.95. The company has a market cap of $152.34 million, a P/E ratio of 15.96 and a beta of 0.17. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.35.

Old Point Financial (NASDAQ:OPOF) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $0.57 EPS for the quarter. Old Point Financial had a net margin of 11.08% and a return on equity of 8.56%.

Old Point Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Wednesday, March 5th. Old Point Financial’s dividend payout ratio is currently 29.79%.

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.