Old Point Financial Corporation (NASDAQ:OPOF) Releases Earnings Results

Old Point Financial Corporation (NASDAQ:OPOF) announced its earnings results on Wednesday, November 1st. The bank reported $0.15 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The company had revenue of $11.09 million during the quarter. Old Point Financial Corporation had a net margin of 7.93% and a return on equity of 3.80%.

Shares of Old Point Financial Corporation (OPOF) opened at $28.17 on Friday. The firm has a market cap of $139.82, a price-to-earnings ratio of 38.69 and a beta of 0.12. Old Point Financial Corporation has a 12 month low of $20.45 and a 12 month high of $34.82.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Wednesday, November 29th. Old Point Financial Corporation’s payout ratio is 61.11%.

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Several hedge funds and other institutional investors have recently bought and sold shares of OPOF. State Street Corp bought a new position in shares of Old Point Financial Corporation in the second quarter worth about $2,069,000. Vanguard Group Inc. grew its holdings in 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 in the last quarter. California State Teachers Retirement System bought a new position in Old Point Financial Corporation during the 2nd quarter worth about $210,000. Finally, The Manufacturers Life Insurance Company bought a new position in Old Point Financial Corporation during the 2nd quarter worth about $165,000. Hedge funds and other institutional investors own 35.35% of the company’s stock.

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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