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

Stock analysts at StockNews.com started coverage on shares of Old Point Financial (NASDAQ:OPOF) in a report released on Thursday. The brokerage set a “hold” rating on the bank’s stock.

Old Point Financial Stock Up 2.6 %

Shares of NASDAQ OPOF opened at $14.69 on Thursday. The company has a 50 day simple moving average of $16.23 and a 200 day simple moving average of $16.88. The firm has a market cap of $73.74 million, a PE ratio of 9.45 and a beta of 0.20. Old Point Financial has a 1 year low of $14.00 and a 1 year high of $23.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.92 and a quick ratio of 0.92.

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

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.