Old Point Financial Corporation (NASDAQ:OPOF) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Shares of Old Point Financial Corporation (NASDAQ:OPOF) opened at $27.78 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $139.52, a price-to-earnings ratio of 38.61 and a beta of 0.12. Old Point Financial Corporation has a one year low of $20.45 and a one year high of $34.82.

Old Point Financial Corporation (NASDAQ:OPOF) last announced its quarterly earnings results on Wednesday, November 1st. The bank reported $0.15 EPS for the quarter. The business had revenue of $11.09 million for the quarter. Old Point Financial Corporation had a return on equity of 3.78% and a net margin of 7.93%.

A number of hedge funds have recently made changes to their positions in OPOF. Schwab Charles Investment Management Inc. acquired a new stake in Old Point Financial Corporation in the 2nd quarter valued at $211,000. Bank of New York Mellon Corp acquired a new position in Old Point Financial Corporation in the second quarter worth $352,000. Teachers Advisors LLC acquired a new position in Old Point Financial Corporation in the second quarter worth $205,000. TIAA CREF Investment Management LLC acquired a new position in Old Point Financial Corporation in the second quarter worth $291,000. Finally, New York State Common Retirement Fund acquired a new position in Old Point Financial Corporation in the second quarter worth $128,000. 35.70% of the stock is currently owned by institutional investors and hedge funds.

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Old Point Financial Corporation Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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