Old Point Financial Co. (NASDAQ:OPOF) Major Shareholder Pl Capital Advisors, Llc Purchases 3,803 Shares

Old Point Financial Co. (NASDAQ:OPOFGet Free Report) major shareholder Pl Capital Advisors, Llc bought 3,803 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was acquired at an average cost of $14.78 per share, for a total transaction of $56,208.34. Following the completion of the transaction, the insider now owns 637,692 shares in the company, valued at $9,425,087.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Pl Capital Advisors, Llc also recently made the following trade(s):

  • On Monday, June 3rd, Pl Capital Advisors, Llc purchased 3,100 shares of Old Point Financial stock. The stock was bought at an average price of $15.00 per share, with a total value of $46,500.00.
  • On Tuesday, May 28th, Pl Capital Advisors, Llc acquired 1,799 shares of Old Point Financial stock. The shares were bought at an average price of $14.92 per share, for a total transaction of $26,841.08.
  • On Friday, May 17th, Pl Capital Advisors, Llc bought 2,101 shares of Old Point Financial stock. The stock was bought at an average cost of $14.92 per share, with a total value of $31,346.92.
  • On Tuesday, May 14th, Pl Capital Advisors, Llc purchased 17,403 shares of Old Point Financial stock. The stock was purchased at an average price of $14.25 per share, with a total value of $247,992.75.

Old Point Financial Stock Down 3.1 %

OPOF stock opened at $14.82 on Tuesday. The firm has a fifty day moving average price of $14.82 and a two-hundred day moving average price of $16.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. Old Point Financial Co. has a 1-year low of $13.49 and a 1-year high of $22.33. The firm has a market cap of $75.29 million, a price-to-earnings ratio of 11.76 and a beta of 0.29.

Old Point Financial (NASDAQ:OPOFGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The bank reported $0.34 earnings per share for the quarter. Old Point Financial had a net margin of 7.71% and a return on equity of 6.11%. The firm had revenue of $14.76 million for the quarter.

Old Point Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 5th will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, June 5th. This represents a $0.56 dividend on an annualized basis and a yield of 3.78%. Old Point Financial’s dividend payout ratio is currently 44.44%.

Institutional Investors Weigh In On Old Point Financial

A hedge fund recently raised its stake in Old Point Financial stock. Empowered Funds LLC lifted its position in shares of Old Point Financial Co. (NASDAQ:OPOFFree Report) by 8.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 16,244 shares of the bank’s stock after acquiring an additional 1,225 shares during the period. Empowered Funds LLC owned 0.32% of Old Point Financial worth $277,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 33.43% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Old Point Financial in a research note on Tuesday, June 4th. They set a “hold” rating on the stock.

Read Our Latest Stock Report on Old Point Financial

Old Point Financial Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Old Point Financial (NASDAQ:OPOF)

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