Old Point Financial Co. Announces Quarterly Dividend of $0.14 (NASDAQ:OPOF)

Old Point Financial Co. (NASDAQ:OPOF) declared a quarterly dividend on Wednesday, February 19th,RTT News reports. Stockholders of record on Wednesday, March 5th will be given a dividend of 0.14 per share by the bank on Friday, March 28th. This represents a $0.56 annualized dividend and a dividend yield of 1.87%.

Old Point Financial has increased its dividend by an average of 3.9% annually over the last three years.

Old Point Financial Stock Up 0.7 %

Shares of Old Point Financial stock traded up $0.21 on Wednesday, hitting $29.94. 11,008 shares of the company traded hands, compared to its average volume of 4,694. The company has a 50-day moving average price of $25.32 and a 200 day moving average price of $21.57. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.35. Old Point Financial has a 12-month low of $13.49 and a 12-month high of $29.92. The company has a market cap of $152.10 million, a PE ratio of 15.93 and a beta of 0.26.

Old Point Financial (NASDAQ:OPOF) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $0.57 earnings per share (EPS) for the quarter. Old Point Financial had a net margin of 11.08% and a return on equity of 8.56%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Old Point Financial in a report on Saturday. They issued a “hold” rating for the company.

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.