Old Point Financial Co. (NASDAQ:OPOF) Major Shareholder Pl Capital Advisors, Llc Purchases 17,403 Shares

Old Point Financial Co. (NASDAQ:OPOFGet Free Report) major shareholder Pl Capital Advisors, Llc purchased 17,403 shares of the stock in a transaction on Tuesday, May 14th. The shares were purchased at an average price of $14.25 per share, with a total value of $247,992.75. Following the acquisition, the insider now owns 622,249 shares in the company, valued at approximately $8,867,048.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Old Point Financial Price Performance

Old Point Financial stock opened at $14.82 on Friday. The stock’s 50 day moving average price is $15.35 and its two-hundred day moving average price is $16.58. The stock has a market capitalization of $75.29 million, a price-to-earnings ratio of 11.76 and a beta of 0.27. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.92 and a current ratio of 0.93. Old Point Financial Co. has a 52-week low of $13.49 and a 52-week high of $22.33.

Old Point Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 6th were paid a $0.14 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.56 annualized dividend and a dividend yield of 3.78%. Old Point Financial’s dividend payout ratio is presently 44.44%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Old Point Financial in a report on Sunday. They issued a “hold” rating on the stock.

Check Out Our Latest Report on OPOF

Institutional Inflows and Outflows

An institutional investor recently raised its position in Old Point Financial stock. Empowered Funds LLC lifted its position in shares of Old Point Financial Co. (NASDAQ:OPOFFree Report) by 8.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,244 shares of the bank’s stock after purchasing an additional 1,225 shares during the quarter. Empowered Funds LLC owned 0.32% of Old Point Financial worth $277,000 at the end of the most recent reporting period. 33.43% of the stock is owned by institutional investors.

Old Point Financial Company Profile

(Get Free Report)

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.

Featured Stories

Insider Buying and Selling by Quarter for Old Point Financial (NASDAQ:OPOF)

Receive News & Ratings for Old Point Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Point Financial and related companies with MarketBeat.com's FREE daily email newsletter.