Old Point Financial Corporation (NASDAQ:OPOF) issued its earnings results on Wednesday. The bank reported $0.15 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The business had revenue of $11.09 million during the quarter. Old Point Financial Corporation had a return on equity of 4.39% and a net margin of 9.42%.
Large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company bought a new stake in Old Point Financial Corporation in the 2nd quarter worth approximately $165,000. California State Teachers Retirement System bought a new stake in Old Point Financial Corporation in the 2nd quarter worth approximately $210,000. Vanguard Group Inc. increased its stake in Old Point Financial Corporation by 117.3% in the 2nd quarter. Vanguard Group Inc. now owns 33,167 shares of the bank’s stock worth $1,091,000 after acquiring an additional 17,905 shares during the last quarter. Finally, State Street Corp bought a new stake in Old Point Financial Corporation in the 2nd quarter worth approximately $2,069,000. 35.49% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: This piece of content was posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://www.com-unik.info/2017/11/02/old-point-financial-corporation-opof-announces-quarterly-earnings-results.html.
Old Point Financial Corporation Company Profile
Old Point Financial Corporation is a holding company that conducts all of its operations through two subsidiaries, The Old Point National Bank of Phoebus (the Bank) and Old Point Trust & Financial Services, N.A. (the Trust). The Company operates in three principal business segments: the Bank, the Trust and the Parent.
What are top analysts saying about Old Point Financial Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Old Point Financial Corporation and related companies.