Old Point Financial (NASDAQ:OPOF) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Old Point Financial (NASDAQ:OPOF) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the bank’s stock.

Old Point Financial Stock Up 1.0 %

OPOF stock opened at $13.80 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $69.28 million, a PE ratio of 10.95 and a beta of 0.27. Old Point Financial has a 1-year low of $13.49 and a 1-year high of $22.33. The business’s 50 day simple moving average is $15.88 and its 200 day simple moving average is $16.72.

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 in Virginia. It offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits.