Insider Buying: Louis G. Morris Buys 1,103 Shares of Old Point Financial Stock (OPOF)
Old Point Financial (NASDAQ:OPOF) EVP Louis G. Morris acquired 1,103 shares of Old Point Financial stock in a transaction dated Tuesday, September 2nd. The shares were purchased at an average price of $15.58 per share, with a total value of $17,184.74. Following the completion of the purchase, the executive vice president now directly owns 50,000 shares in the company, valued at approximately $779,000. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Old Point Financial (NASDAQ:OPOF) traded down 3.35% on Thursday, hitting $15.00. The stock had a trading volume of 500 shares. Old Point Financial has a 52-week low of $12.24 and a 52-week high of $18.00. The stock has a 50-day moving average of $15.29 and a 200-day moving average of $15.53. The company has a market cap of $74.4 million and a price-to-earnings ratio of 23.16.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, August 27th. This is an increase from Old Point Financial’s previous quarterly dividend of $0.06.
Old Point Financial Corporation is a holding company that conducts substantially all of its operations through two subsidiaries: The Old Point National Bank of Phoebus (NASDAQ:OPOF) and Old Point Trust and Financial Services, N.
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