Old Point Financial EVP Purchases $17,185 in Stock (OPOF)
Old Point Financial (NASDAQ:OPOF) EVP Louis G. Morris purchased 1,103 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were purchased at an average cost of $15.58 per share, for a total transaction of $17,184.74. Following the transaction, the executive vice president now directly owns 50,000 shares in the company, valued at approximately $779,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Old Point Financial (NASDAQ:OPOF) opened at 15.4999 on Friday. Old Point Financial has a 1-year low of $12.24 and a 1-year high of $18.00. The stock’s 50-day moving average is $15.29 and its 200-day moving average is $15.53. The company has a market cap of $76.9 million and a price-to-earnings ratio of 23.13.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders 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 a boost 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.