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

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

Old Point Financial Stock Down 0.6 %

Shares of NASDAQ:OPOF opened at $14.80 on Thursday. The stock’s 50-day moving average price is $16.34 and its two-hundred day moving average price is $16.91. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.65. Old Point Financial has a 12-month low of $14.00 and a 12-month high of $23.24. The firm has a market cap of $74.31 million, a price-to-earnings ratio of 9.61 and a beta of 0.20.

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

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.