Old Point Financial (NASDAQ:OPOF) Issues Earnings Results

Old Point Financial (NASDAQ:OPOF) announced its earnings results on Thursday. The bank reported $0.57 earnings per share 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 Price Performance

Shares of Old Point Financial stock traded down $0.05 during trading on Friday, hitting $24.37. 3,882 shares of the stock traded hands, compared to its average volume of 3,382. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The stock has a market cap of $123.77 million, a price-to-earnings ratio of 15.23 and a beta of 0.26. The firm’s fifty day moving average is $24.37 and its 200-day moving average is $20.73. Old Point Financial has a 52 week low of $13.49 and a 52 week high of $28.00.

Old Point Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.56 annualized dividend and a dividend yield of 2.30%. Old Point Financial’s dividend payout ratio (DPR) is presently 35.00%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Old Point Financial in a research note on Thursday. They issued a “hold” rating on the stock.

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.