Old Point Financial (OPOF) Scheduled to Post Quarterly Earnings on Thursday
Old Point Financial (NASDAQ:OPOF) last posted its earnings results on Wednesday, November 1st. The bank reported $0.15 EPS for the quarter. The firm had revenue of $11.09 million during the quarter. Old Point Financial had a net margin of 7.93% and a return on equity of 3.78%.
Old Point Financial (NASDAQ OPOF) opened at $30.17 on Thursday. The company has a market cap of $150.46, a PE ratio of 41.90 and a beta of 0.05. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.46. Old Point Financial has a fifty-two week low of $26.03 and a fifty-two week high of $34.82.
Separately, ValuEngine cut shares of Old Point Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 25th.
Several hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System bought a new position in shares of Old Point Financial in the second quarter worth about $210,000. The Manufacturers Life Insurance Company bought a new position in shares of Old Point Financial in the second quarter worth about $165,000. State Street Corp bought a new position in shares of Old Point Financial in the second quarter worth about $2,069,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Old Point Financial by 117.3% in the second quarter. Vanguard Group Inc. now owns 33,167 shares of the bank’s stock worth $1,091,000 after acquiring an additional 17,905 shares during the last quarter. 36.17% of the stock is owned by hedge funds and other institutional investors.
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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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