Old Point Financial Corporation (OPOF) Releases Quarterly Earnings Results
Old Point Financial Corporation (NASDAQ:OPOF) issued its quarterly earnings data on Wednesday. The bank reported $0.15 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Old Point Financial Corporation had a return on equity of 4.39% and a net margin of 9.42%. The firm had revenue of $11.09 million during the quarter.
Institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System bought a new position in shares of Old Point Financial Corporation in the second quarter valued at approximately $210,000. The Manufacturers Life Insurance Company bought a new position in shares of Old Point Financial Corporation in the second quarter valued at approximately $165,000. State Street Corp bought a new position in shares of Old Point Financial Corporation in the second quarter valued at approximately $2,069,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Old Point Financial Corporation by 117.3% in the second quarter. Vanguard Group Inc. now owns 33,167 shares of the bank’s stock valued at $1,091,000 after acquiring an additional 17,905 shares in the last quarter. Institutional investors and hedge funds own 35.49% of the company’s stock.
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About Old Point Financial Corporation
Old Point Financial Corporation is a holding company that conducts all of its operations through two subsidiaries, The Old Point National Bank of Phoebus (the Bank) and Old Point Trust & Financial Services, N.A. (the Trust). The Company operates in three principal business segments: the Bank, the Trust and the Parent.
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