Dimensional Fund Advisors LP Buys 1,246 Shares of Old Point Financial Co. (NASDAQ:OPOF)

Dimensional Fund Advisors LP raised its position in Old Point Financial Co. (NASDAQ:OPOF) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,416 shares of the bank’s stock after buying an additional 1,246 shares during the period. Dimensional Fund Advisors LP owned 0.40% of Old Point Financial worth $532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new stake in Old Point Financial in the fourth quarter valued at approximately $47,000. OLD Point Trust & Financial Services N A lifted its stake in Old Point Financial by 1.1% in the fourth quarter. OLD Point Trust & Financial Services N A now owns 263,439 shares of the bank’s stock valued at $6,865,000 after acquiring an additional 2,901 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Old Point Financial by 18.1% during the 4th quarter. Renaissance Technologies LLC now owns 35,929 shares of the bank’s stock worth $936,000 after buying an additional 5,500 shares during the last quarter. Fourthstone LLC lifted its stake in shares of Old Point Financial by 322.4% during the 4th quarter. Fourthstone LLC now owns 344,620 shares of the bank’s stock worth $8,981,000 after buying an additional 263,026 shares during the last quarter. Finally, PL Capital Advisors LLC raised its stake in Old Point Financial by 2,506.0% in the 4th quarter. PL Capital Advisors LLC now owns 18,785,638 shares of the bank’s stock worth $489,554,000 after purchasing an additional 18,064,777 shares in the last quarter. 33.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Old Point Financial in a report on Tuesday, April 15th. They issued a “hold” rating on the stock.

Old Point Financial Stock Performance

OPOF opened at $39.71 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.35. The company’s fifty day moving average price is $35.66 and its two-hundred day moving average price is $28.57. Old Point Financial Co. has a 1-year low of $13.70 and a 1-year high of $40.10. The company has a market cap of $202.68 million, a price-to-earnings ratio of 21.12 and a beta of -0.33.

Old Point Financial (NASDAQ:OPOF) last announced its earnings results on Wednesday, April 30th. The bank reported $0.39 EPS for the quarter. The company had revenue of $15.86 million during the quarter. Old Point Financial had a net margin of 11.08% and a return on equity of 8.56%.

Old Point Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Wednesday, March 5th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Wednesday, March 5th. Old Point Financial’s payout ratio is 28.57%.

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.