Old Point Financial Corporation (OPOF) Announces Quarterly Earnings Results

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.

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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.

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