Old Point Financial Co. (NASDAQ:OPOF) EVP Eugene M. Jordan II sold 500 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $28.85, for a total transaction of $14,425.00. Following the sale, the executive vice president now directly owns 15,297 shares of the company’s stock, valued at approximately $441,318.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Old Point Financial Co. (NASDAQ:OPOF) traded up $0.66 during midday trading on Thursday, reaching $29.20. The company’s stock had a trading volume of 2,563 shares, compared to its average volume of 8,943. The stock has a market cap of $145.09, a PE ratio of 40.15 and a beta of 0.06. Old Point Financial Co. has a 52-week low of $21.80 and a 52-week high of $34.82. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.87 and a current ratio of 0.87.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Thursday, November 30th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, November 29th. Old Point Financial’s dividend payout ratio is presently 61.11%.

Separately, ValuEngine cut Old Point Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 25th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OPOF. New York State Common Retirement Fund purchased a new position in Old Point Financial in the 2nd quarter worth approximately $128,000. SG Americas Securities LLC purchased a new position in Old Point Financial in the 3rd quarter worth approximately $131,000. The Manufacturers Life Insurance Company purchased a new position in Old Point Financial in the 2nd quarter worth approximately $165,000. Teachers Advisors LLC purchased a new position in Old Point Financial in the 2nd quarter worth approximately $205,000. Finally, California State Teachers Retirement System purchased a new position in Old Point Financial in the 2nd quarter worth approximately $210,000. Hedge funds and other institutional investors own 36.17% of the company’s stock.

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Old Point Financial 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.

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