Pl Capital Advisors, Llc Acquires 1,366 Shares of Old Point Financial Co. (NASDAQ:OPOF) Stock

Old Point Financial Co. (NASDAQ:OPOFGet Rating) major shareholder Pl Capital Advisors, Llc bought 1,366 shares of the stock in a transaction that occurred on Thursday, February 10th. The shares were bought at an average price of $24.35 per share, for a total transaction of $33,262.10. Following the completion of the transaction, the insider now directly owns 528,823 shares of the company’s stock, valued at approximately $12,876,840.05. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, March 23rd, Pl Capital Advisors, Llc bought 69,609 shares of Old Point Financial stock. The shares were bought at an average price of $25.38 per share, for a total transaction of $1,766,676.42.
  • On Thursday, March 10th, Pl Capital Advisors, Llc bought 26,814 shares of Old Point Financial stock. The shares were bought at an average price of $25.25 per share, for a total transaction of $677,053.50.

NASDAQ OPOF opened at $25.47 on Thursday. The company has a market capitalization of $129.82 million, a PE ratio of 17.94 and a beta of 0.81. The business’s fifty day moving average is $25.63 and its 200 day moving average is $24.35. Old Point Financial Co. has a fifty-two week low of $20.50 and a fifty-two week high of $27.99.

Old Point Financial (NASDAQ:OPOFGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The bank reported $0.39 EPS for the quarter. Old Point Financial had a return on equity of 6.35% and a net margin of 13.32%. The business had revenue of $13.15 million for the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Wednesday, June 1st will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, May 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.04%. Old Point Financial’s dividend payout ratio is 36.62%.

A number of institutional investors have recently bought and sold shares of OPOF. Western Standard LLC lifted its holdings in shares of Old Point Financial by 26.7% during the 1st quarter. Western Standard LLC now owns 60,633 shares of the bank’s stock valued at $1,576,000 after purchasing an additional 12,777 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Old Point Financial in the 1st quarter valued at $39,000. BlackRock Inc. increased its position in shares of Old Point Financial by 4.2% in the 4th quarter. BlackRock Inc. now owns 11,526 shares of the bank’s stock valued at $270,000 after acquiring an additional 467 shares during the period. Sonen Capital LLC acquired a new position in shares of Old Point Financial in the 4th quarter valued at $467,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Old Point Financial by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 20,480 shares of the bank’s stock valued at $439,000 after acquiring an additional 468 shares during the period. Institutional investors own 32.57% of the company’s stock.

Old Point Financial Company Profile (Get Rating)

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. 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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