Old Point Financial Corporation Plans Quarterly Dividend of $0.11 (NASDAQ:OPOF)
Old Point Financial Corporation (NASDAQ:OPOF) declared a quarterly dividend on Friday, August 11th, Wall Street Journal reports. Stockholders of record on Thursday, August 31st will be given a dividend of 0.11 per share by the bank on Friday, September 29th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Tuesday, August 29th.
Old Point Financial Corporation (OPOF) traded down 0.19% during trading on Friday, hitting $30.93. 4,657 shares of the stock were exchanged. The company has a market cap of $154.25 million, a price-to-earnings ratio of 35.55 and a beta of 0.09. Old Point Financial Corporation has a one year low of $19.19 and a one year high of $34.82. The stock’s 50 day moving average is $32.44 and its 200-day moving average is $30.20.
Old Point Financial Corporation (NASDAQ:OPOF) last issued its quarterly earnings data on Friday, July 28th. The bank reported $0.23 earnings per share for the quarter. Old Point Financial Corporation had a net margin of 9.42% and a return on equity of 4.39%. The business had revenue of $11.48 million for the quarter. On average, equities research analysts expect that Old Point Financial Corporation will post $0.36 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Old Point Financial Corporation stock. Vanguard Group Inc. increased its position in shares of Old Point Financial Corporation (NASDAQ:OPOF) by 117.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 33,167 shares of the bank’s stock after buying an additional 17,905 shares during the period. Vanguard Group Inc. owned about 0.67% of Old Point Financial Corporation worth $1,091,000 as of its most recent SEC filing. Institutional investors and hedge funds own 28.91% of the company’s stock.
Separately, ValuEngine upgraded shares of Old Point Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
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About Old Point Financial Corporation
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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