4 hours Ago By Defense World Staff
Renaissance Technologies LLC raised its stake in Old Point Financial Co. ( NASDAQ:OPOF – Free Report ) by 18.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 35,929 shares of the bank’s stock after acquiring an additional 5,500 shares during the period. Renaissance Technologies LLC owned approximately 0.71% of Old Point Financial worth $936,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of OPOF. WealthTrak Capital Management LLC purchased a new stake in shares of Old Point Financial in the fourth quarter worth $47,000. Geode Capital Management LLC grew its stake in shares of Old Point Financial by 1.
6% in the third quarter. Geode Capital Management LLC now owns 45,205 shares of the bank’s stock worth $874,000 after acquiring an additional 693 shares during the last quarter. OLD Point Trust & Financial Services N A boosted its position in shares of Old Point Financial by 1.
1% during the fourth quarter. OLD Point Trust & Financial Services N A now owns 263,439 shares of the bank’s stock valued at $6,865,000 after buying an additional 2,901 shares during the last quarter. Finally, PL Capital Advisors LLC boosted its position in shares of Old Point Financial by 2,506.
0% during the fourth quarter. PL Capital Advisors LLC now owns 18,785,638 shares of the bank’s stock valued at $489,554,000 after buying an additional 18,064,777 shares during the last quarter. 33.
43% of the stock is owned by hedge funds and other institutional investors. Old Point Financial Trading Down 0.3 % Old Point Financial stock opened at $38.
84 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.
92 and a quick ratio of 0.92. Old Point Financial Co.
has a one year low of $13.49 and a one year high of $39.49.
The stock has a market capitalization of $198.24 million, a PE ratio of 20.66 and a beta of -0.
22. The business’s fifty day moving average is $33.48 and its 200 day moving average is $26.
92. Old Point Financial Announces Dividend The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Wednesday, March 5th were issued a $0.
14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.
44%. The ex-dividend date of this dividend was Wednesday, March 5th. Old Point Financial’s dividend payout ratio is 29.
79%. Analyst Upgrades and Downgrades Separately, StockNews.com initiated coverage on Old Point Financial in a research report on Tuesday, April 15th.
They set a “hold” rating on the stock. View Our Latest Stock Report on OPOF Old Point Financial Profile ( 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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