Empowered Funds LLC Raises Stock Holdings in Old Point Financial Co. (NASDAQ:OPOF)

Empowered Funds LLC boosted its stake in Old Point Financial Co. (NASDAQ:OPOF) by 5.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,442 shares of the bank’s stock after purchasing an additional 938 shares during the quarter. Empowered Funds LLC owned about 0.36% of Old Point Financial worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Eastern Bank bought a new position in shares of Old Point Financial in the 3rd quarter worth $57,000. Hedge funds and other institutional investors own 33.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Old Point Financial in a research note on Tuesday, November 19th. They issued a “hold” rating on the stock.

Old Point Financial Stock Performance

Shares of NASDAQ OPOF opened at $21.82 on Tuesday. The stock has a market cap of $110.85 million, a price-to-earnings ratio of 13.64 and a beta of 0.29. The stock’s 50-day moving average is $19.41 and its 200 day moving average is $17.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.35. Old Point Financial Co. has a 1-year low of $13.49 and a 1-year high of $22.51.

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. Old Point Financial had a net margin of 9.47% and a return on equity of 7.38%. The firm had revenue of $15.78 million during the quarter.

Old Point Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.57%. Old Point Financial’s dividend payout ratio (DPR) is currently 35.00%.

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.