OLD Point Trust & Financial Services N A decreased its stake in Old Point Financial Co. (NASDAQ:OPOF) by 5.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,397 shares of the bank’s stock after selling 10,297 shares during the period. Old Point Financial accounts for 1.6% of OLD Point Trust & Financial Services N A’s investment portfolio, making the stock its 22nd largest holding. OLD Point Trust & Financial Services N A owned about 3.78% of Old Point Financial worth $2,991,000 as of its most recent filing with the Securities and Exchange Commission.
Separately, Beese Fulmer Investment Management Inc. purchased a new position in Old Point Financial during the 2nd quarter worth $91,000. Institutional investors own 31.22% of the company’s stock.
Shares of OPOF traded up $0.60 during trading hours on Friday, reaching $16.00. The company had a trading volume of 1,908 shares, compared to its average volume of 5,547. The firm has a 50 day simple moving average of $15.58 and a 200-day simple moving average of $15.60. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $83.54 million, a price-to-earnings ratio of 10.46 and a beta of 0.95. Old Point Financial Co. has a 12-month low of $10.86 and a 12-month high of $30.05.
Separately, ValuEngine downgraded shares of Old Point Financial from a “hold” rating to a “sell” rating in a report on Monday, August 3rd.
About Old Point Financial
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. 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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