Old Point Financial (NASDAQ:OPOF) Downgraded by TheStreet

TheStreet downgraded shares of Old Point Financial (NASDAQ:OPOF) from a b rating to a c rating in a research report sent to investors on Friday, February 2nd.

Separately, ValuEngine downgraded Old Point Financial from a buy rating to a hold rating in a research note on Saturday, November 25th.

Old Point Financial (NASDAQ:OPOF) opened at $25.83 on Friday. Old Point Financial has a 12 month low of $24.07 and a 12 month high of $34.82. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $128.38, a PE ratio of 36.69 and a beta of -0.04.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th will be issued a $0.11 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.44 annualized dividend and a dividend yield of 1.70%.

Large investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund purchased a new stake in shares of Old Point Financial in the 2nd quarter valued at about $128,000. SG Americas Securities LLC purchased a new position in shares of Old Point Financial during the 3rd quarter valued at about $131,000. The Manufacturers Life Insurance Company purchased a new position in shares of Old Point Financial during the 2nd quarter valued at about $165,000. Teachers Advisors LLC purchased a new position in shares of Old Point Financial during the 2nd quarter valued at about $205,000. Finally, California State Teachers Retirement System purchased a new position in shares of Old Point Financial during the 2nd quarter valued at about $210,000. 36.14% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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