Old Point Financial Co. (NASDAQ:OPOF) Declares $0.14 Quarterly Dividend

Old Point Financial Co. (NASDAQ:OPOF) declared a quarterly dividend on Tuesday, November 19th,Wall Street Journal reports. Shareholders of record on Wednesday, December 4th will be given a dividend of 0.14 per share by the bank on Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Wednesday, December 4th.

Old Point Financial has raised its dividend payment by an average of 5.3% annually over the last three years.

Old Point Financial Stock Up 1.4 %

Shares of NASDAQ OPOF opened at $22.52 on Monday. Old Point Financial has a 52-week low of $13.49 and a 52-week high of $22.85. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. The company’s 50-day simple moving average is $19.89 and its 200-day simple moving average is $17.71. The firm has a market cap of $114.40 million, a price-to-earnings ratio of 14.08 and a beta of 0.29.

Old Point Financial (NASDAQ:OPOF) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $0.47 earnings per share for the quarter. The company had revenue of $15.78 million for the quarter. Old Point Financial had a return on equity of 7.38% and a net margin of 9.47%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Old Point Financial in a report on Wednesday, November 27th. They issued a “hold” rating for the company.

About Old Point Financial

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.