Old Point Financial Co. (OPOF) To Go Ex-Dividend on November 29th

Old Point Financial Co. (NASDAQ:OPOF) declared a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Investors of record on Thursday, November 30th will be given a dividend of 0.11 per share by the bank on Friday, December 29th. This represents a $0.44 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, November 29th.

Old Point Financial (NASDAQ OPOF) opened at $28.68 on Tuesday. Old Point Financial has a 12-month low of $20.45 and a 12-month high of $34.82. The firm has a market capitalization of $139.42, a PE ratio of 38.58 and a beta of 0.12. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.87 and a current ratio of 0.87.

Old Point Financial (NASDAQ:OPOF) last released its earnings results on Wednesday, November 1st. The bank reported $0.15 earnings per share for the quarter. Old Point Financial had a return on equity of 3.78% and a net margin of 7.93%. The firm had revenue of $11.09 million for the quarter.

Large investors have recently made changes to their positions in the business. State Street Corp acquired a new stake in Old Point Financial during the second quarter worth about $2,069,000. Vanguard Group Inc. increased its stake in Old Point Financial by 117.3% during the second 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. California State Teachers Retirement System acquired a new stake in Old Point Financial during the second quarter worth about $210,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Old Point Financial during the second quarter worth about $165,000. Institutional investors own 36.17% of the company’s stock.

Separately, ValuEngine downgraded Old Point Financial from a “buy” rating to a “hold” rating in a research report on Saturday.

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About Old Point Financial

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.

Dividend History for Old Point Financial (NASDAQ:OPOF)

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