Old Point Financial Co. (NASDAQ:OPOF) announced a quarterly dividend on Friday, May 24th, Wall Street Journal reports. Shareholders of record on Tuesday, June 4th will be given a dividend of 0.12 per share by the bank on Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Monday, June 3rd.

Old Point Financial has raised its dividend payment by an average of 9.0% annually over the last three years.

NASDAQ OPOF traded up $0.15 during trading on Friday, reaching $21.25. The company’s stock had a trading volume of 1,227 shares, compared to its average volume of 4,966. The stock has a market capitalization of $111.48 million, a PE ratio of 17.02 and a beta of 0.44. Old Point Financial has a 1-year low of $19.00 and a 1-year high of $29.90.

Old Point Financial (NASDAQ:OPOF) last posted its earnings results on Wednesday, April 24th. The bank reported $0.39 earnings per share (EPS) for the quarter. The firm had revenue of $11.78 million during the quarter. Old Point Financial had a net margin of 11.28% and a return on equity of 6.45%.

An institutional investor recently raised its position in Old Point Financial stock. Morgan Stanley lifted its position in Old Point Financial Co. (NASDAQ:OPOF) by 52.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,974 shares of the bank’s stock after buying an additional 1,375 shares during the quarter. Morgan Stanley owned about 0.08% of Old Point Financial worth $84,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 34.27% of the company’s stock.

Separately, ValuEngine cut shares of Old Point Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th.

TRADEMARK VIOLATION WARNING: This piece was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://theolympiareport.com/2019/05/24/old-point-financial-co-opof-to-issue-quarterly-dividend-of-0-12.html.

Old Point Financial Company Profile

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, retail, and commercial customers. The company offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits.

Featured Story: Understanding Specialty Certificates of Deposit

Dividend History for Old Point Financial (NASDAQ:OPOF)

Receive News & Ratings for Old Point Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Point Financial and related companies with MarketBeat.com's FREE daily email newsletter.