Wall Street Zen Upgrades Old Point Financial (NASDAQ:OPOF) to “Hold”

Old Point Financial (NASDAQ:OPOF) was upgraded by analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

Old Point Financial Stock Up 1.4%

NASDAQ OPOF opened at $40.68 on Friday. The stock’s 50 day moving average is $39.63 and its 200 day moving average is $32.90. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. Old Point Financial has a 12 month low of $14.62 and a 12 month high of $40.95. The stock has a market cap of $207.87 million, a PE ratio of 20.76 and a beta of -0.31.

Old Point Financial (NASDAQ:OPOF) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.39 earnings per share (EPS) for the quarter. Old Point Financial had a return on equity of 8.58% and a net margin of 11.52%. The business had revenue of $15.86 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. OLD Point Trust & Financial Services N A grew its position in Old Point Financial by 1.1% in the 4th quarter. OLD Point Trust & Financial Services N A now owns 263,439 shares of the bank’s stock valued at $6,865,000 after acquiring an additional 2,901 shares during the last quarter. WealthTrak Capital Management LLC bought a new position in Old Point Financial in the 4th quarter valued at $47,000. Renaissance Technologies LLC grew its position in Old Point Financial by 18.1% in the 4th quarter. Renaissance Technologies LLC now owns 35,929 shares of the bank’s stock valued at $936,000 after acquiring an additional 5,500 shares during the last quarter. Fourthstone LLC grew its position in Old Point Financial by 322.4% in the 4th quarter. Fourthstone LLC now owns 344,620 shares of the bank’s stock valued at $8,981,000 after acquiring an additional 263,026 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Old Point Financial by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 20,416 shares of the bank’s stock valued at $532,000 after acquiring an additional 1,246 shares during the last quarter. 33.43% of the stock is owned by hedge funds and other institutional investors.

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.