Keep Your Eyes on Stock News: Old Point Financial Corporation (NASDAQ:OPOF)

Old Point Financial Corporation (NASDAQ:OPOF) stock identified change of 44.75% away from 52-week low price and recently located move of -47.69% off 52-week high price. It has market worth of $82.06M and dividend yield of 3.05%. OPOF stock has been recorded 0.28% away from 50 day moving average and -17.00% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.84% off 20-day moving average.

On Oct. 26, 2020, Old Point Financial Corporation (NASDAQ:OPOF) revealed net income of $1.1 million and earnings per diluted common share of $0.21 for the quarter ended September 30, 2020, as compared to net income of $2.2 million or $0.43 earnings per diluted common share for the third quarter of 2019. Net income for the nine months ended September 30, 2020 and 2019 was $4.8 million, or $0.93 earnings per diluted common share, and $5.9 million, or $1.13 earnings per diluted common share, respectively.

Robert Shuford, Jr., Chairman, President, and CEO of the Company and Old Point National Bank (the Bank) said, Old Point has not wavered in our commitment to the health and well-being of our employees, customers, and community or our commitment to the preservation of capital, operational capabilities, and liquidity. Our asset quality continues on a positive trajectory, but we are watchful for any potential credit softening. As the Company continues to navigate the challenging conditions related to COVID-19, we remain mindful there is not sufficient visibility to estimate future potential impacts from the COVID-19 pandemic or the upcoming election.

The Financial sector company, Old Point Financial Corporation noticed change of 1.09% to $15.72 along volume of 139 shares in recent session compared to an average volume of 3.52K shares. The stock observed return of -0.57% in 5 days trading activity. The stock was at 2.01% over one month performance. OPOF’s shares are at 4.45% for the quarter and driving a -32.68% return over the course of the past year and is now at -42.82% since this point in 2018.

The average volatility for the week at 0.53% and for month was at 1.71%. There are 5.22M shares outstanding and 4.34M shares are floated in market. Right now the stock beta is 1.

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