Old Point Financial (NASDAQ:OPOF) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Old Point Financial (NASDAQ:OPOF) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the bank’s stock.

Old Point Financial Trading Down 0.6 %

Old Point Financial stock opened at $14.80 on Thursday. The stock has a market cap of $74.31 million, a P/E ratio of 9.61 and a beta of 0.20. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.92 and a quick ratio of 0.92. Old Point Financial has a 1 year low of $14.00 and a 1 year high of $23.24. The firm’s 50 day moving average price is $16.34 and its 200-day moving average price is $16.91.

Old Point Financial (NASDAQ:OPOF) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported $0.29 earnings per share for the quarter. Old Point Financial had a net margin of 9.60% and a return on equity of 7.51%. The company had revenue of $15.35 million for the quarter.

Old Point Financial Company Profile

Old Point Financial Corporation operates as the bank holding company for The Old Point National Bank of Phoebus that provides consumer, mortgage, and business banking services for individual and commercial customers in Virginia. It offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits.