Old Point Financial (NASDAQ:OPOF) Lowered to "Sell" Rating by Wall Street Zen

Old Point Financial (NASDAQ:OPOF - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Old Point Financial Stock Performance

NASDAQ OPOF opened at $39.87 on Friday. Old Point Financial has a 52-week low of $17.02 and a 52-week high of $41.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $203.74 million, a P/E ratio of 23.45 and a beta of -0.32. The company has a fifty day moving average of $40.10 and a 200-day moving average of $35.03.

Old Point Financial (NASDAQ:OPOF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.43 EPS for the quarter. The firm had revenue of $15.43 million during the quarter. Old Point Financial had a net margin of 10.12% and a return on equity of 8.20%.

Hedge Funds Weigh In On Old Point Financial

Several hedge funds and other institutional investors have recently modified their holdings of OPOF. Credit Industriel ET Commercial purchased a new position in shares of Old Point Financial during the second quarter valued at about $64,000. Gratus Wealth Advisors LLC purchased a new position in shares of Old Point Financial during the second quarter valued at about $202,000. Bay Capital Advisors LLC purchased a new position in shares of Old Point Financial during the second quarter valued at about $231,000. Goldman Sachs Group Inc. purchased a new position in shares of Old Point Financial during the first quarter valued at about $339,000. Finally, Jane Street Group LLC purchased a new position in shares of Old Point Financial during the first quarter valued at about $392,000. Hedge funds and other institutional investors own 33.43% of the company's stock.

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.

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