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

Old Point Financial (NASDAQ:OPOF) announced its earnings results on Thursday. The bank reported $0.57 earnings per share (EPS) for the quarter, Zacks reports. Old Point Financial had a net margin of 9.47% and a return on equity of 7.38%.

Old Point Financial Trading Up 0.0 %

OPOF traded up $0.01 during trading on Thursday, reaching $24.41. 875 shares of the company’s stock were exchanged, compared to its average volume of 3,368. The company’s fifty day moving average price is $24.29 and its 200-day moving average price is $20.71. The firm has a market capitalization of $124.00 million, a PE ratio of 15.26 and a beta of 0.26. Old Point Financial has a fifty-two week low of $13.49 and a fifty-two week high of $28.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.92 and a current ratio of 0.92.

Old Point Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Wednesday, December 4th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, December 4th. Old Point Financial’s dividend payout ratio is 35.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Old Point Financial in a research report on Thursday. They issued a “hold” rating for the company.

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.