Old Point Financial (NASDAQ:OPOF) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Old Point Financial Co. (NASDAQ:OPOF)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.52 and traded as high as $39.83. Old Point Financial shares last traded at $39.01, with a volume of 13,426 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on Old Point Financial in a research note on Tuesday, April 15th. They issued a “hold” rating for the company.

Old Point Financial Price Performance

The company has a 50 day moving average of $36.83 and a 200 day moving average of $29.52. 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 stock has a market capitalization of $199.15 million, a price-to-earnings ratio of 20.75 and a beta of -0.33.

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

Institutional Investors Weigh In On Old Point Financial

A number of institutional investors have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC grew its position in Old Point Financial by 1.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 18,951 shares of the bank’s stock valued at $494,000 after acquiring an additional 350 shares during the period. Empowered Funds LLC grew its position in Old Point Financial by 3.5% during the first quarter. Empowered Funds LLC now owns 19,459 shares of the bank’s stock valued at $583,000 after acquiring an additional 667 shares during the period. Dimensional Fund Advisors LP grew its position in Old Point Financial by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 20,416 shares of the bank’s stock valued at $532,000 after acquiring an additional 1,246 shares during the period. WealthTrak Capital Management LLC purchased a new stake in shares of Old Point Financial in the fourth quarter worth about $47,000. Finally, OLD Point Trust & Financial Services N A boosted its position in shares of 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 worth $6,865,000 after buying an additional 2,901 shares during the period. Hedge funds and other institutional investors own 33.43% of the company’s stock.

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.