OLD Point Trust & Financial Services N A lowered its stake in shares of Old Point Financial Co. (NASDAQ:OPOF) by 0.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 232,066 shares of the bank’s stock after selling 2,000 shares during the period. Old Point Financial accounts for approximately 2.6% of OLD Point Trust & Financial Services N A’s portfolio, making the stock its 16th biggest holding. OLD Point Trust & Financial Services N A’s holdings in Old Point Financial were worth $4,920,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. PL Capital Advisors LLC boosted its stake in Old Point Financial by 10.7% in the 1st quarter. PL Capital Advisors LLC now owns 413,514 shares of the bank’s stock worth $8,766,000 after buying an additional 40,000 shares during the last quarter. Vanguard Group Inc boosted its stake in Old Point Financial by 13.5% in the 3rd quarter. Vanguard Group Inc now owns 142,722 shares of the bank’s stock worth $4,267,000 after buying an additional 16,998 shares during the last quarter. Vanguard Group Inc. boosted its stake in Old Point Financial by 13.5% in the 3rd quarter. Vanguard Group Inc. now owns 142,722 shares of the bank’s stock worth $4,267,000 after buying an additional 16,998 shares during the last quarter. Monashee Investment Management LLC boosted its stake in Old Point Financial by 29.5% in the 4th quarter. Monashee Investment Management LLC now owns 85,778 shares of the bank’s stock worth $1,873,000 after buying an additional 19,559 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Old Point Financial by 12.3% in the 3rd quarter. Renaissance Technologies LLC now owns 36,335 shares of the bank’s stock worth $1,086,000 after buying an additional 3,967 shares during the last quarter. 34.74% of the stock is currently owned by institutional investors and hedge funds.
Separately, ValuEngine lowered Old Point Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th.
Old Point Financial (NASDAQ:OPOF) last issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.39 earnings per share (EPS) for the quarter. The firm had revenue of $11.78 million for the quarter. Old Point Financial had a return on equity of 6.52% and a net margin of 11.28%.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Tuesday, March 5th were paid a $0.12 dividend. This is a positive change from Old Point Financial’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Monday, March 4th.
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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, retail, and commercial customers. The company offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits.
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