Last $15.35 USD
Change Today 0.00 / 0.00%
Volume 0.0
OPOF On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

old point financial corp (OPOF) Snapshot

Open
$15.00
Previous Close
$15.35
Day High
$15.35
Day Low
$15.00
52 Week High
03/26/14 - $18.00
52 Week Low
12/11/13 - $12.60
Market Cap
76.1M
Average Volume 10 Days
718.2
EPS TTM
$0.67
Shares Outstanding
5.0M
EX-Date
08/27/14
P/E TM
22.9x
Dividend
$0.28
Dividend Yield
1.63%
Current Stock Chart for OLD POINT FINANCIAL CORP (OPOF)

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old point financial corp (OPOF) Details

Old Point Financial Corporation operates as the holding company for The Old Point National Bank of Phoebus that provides consumer, mortgage, and business banking services. The company offers deposit products, such as interest-bearing transaction accounts, money market deposit accounts, savings accounts, and time deposits. It also provides commercial, real estate construction, real estate mortgage, consumer, and other loans, as well as cash management services. In addition, the company, through its other subsidiary, Old Point Trust & Financial Services, N.A., provides wealth management services, which include retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, tax services, and investment management services for individuals and businesses. As of March 31, 2014, it operates 18 branches in Hampton Roads localities of Chesapeake, Hampton, Isle of Wight County, Newport News, Norfolk, Virginia Beach, Williamsburg/James City County, and York County. The company was founded in 1922 and is headquartered in Hampton, Virginia.

282 Employees
Last Reported Date: 03/28/14
Founded in 1922

old point financial corp (OPOF) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $312.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $180.2K
Chief Operating Officer, Senior Vice Presiden...
Total Annual Compensation: $228.3K
Executive Vice President, Secretary, Director...
Total Annual Compensation: $300.0K
Chief Administrative Officer, Treasurer, Dire...
Total Annual Compensation: $225.3K
Compensation as of Fiscal Year 2013.

old point financial corp (OPOF) Key Developments

Old Point Financial Corporation expected to report Q3 2014 results on October 24, 2014. This event was calculated by Capital IQ (Created on October 10, 2014).

Old Point Financial Corporation expected to report Q3 2014 results on October 24, 2014. This event was calculated by Capital IQ (Created on October 10, 2014).

Old Point Financial Corporation Declares Quarterly Dividend, Payable on September 30, 2014

Old Point Financial Corp.'s board on Aug. 12 declared a quarterly dividend of 7 cents per share of common capital stock. The dividend is payable Sept. 30 to shareholders of record as of Aug. 29. It represents a 16.67% increase over the previous quarterly dividend of 6 cents per share.

Old Point Financial Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter of the Six Months Period Ended June 30, 2014

Old Point Financial Corporation reported unaudited consolidated earnings results for the Second Quarter of the six months period ended June 30, 2014. For the quarter, the company reported total interest and dividend income was $7,536,000 compared to $7,476,000 a year ago. Net interest income was $6,574,000 compared to $6,299,000 a year ago. Net interest income, after provision for loan losses was $6,474,000 compared to $5,999,000 a year ago. Income before income taxes was $1,160,000 compared to $1,234,000 a year ago. Net income was $1,101,000, or $0.22 per diluted share, compared to net income of $1,015,000, or $0.21 per diluted share a year ago. For the six months, the company reported total interest and dividend income was $15,002,000 compared to $15,105,000 a year ago. Net interest income was $13,009,000 compared to $12,673,000 a year ago. Net interest income, after provision for loan losses was $12,659,000 compared to $12,173,000 a year ago. Income before income taxes was $2,244,000 compared to $2,296,000 a year ago. Net income was $2,078,000, or $0.42 per diluted share, compared to net income of $1,916,000, or $0.39 per diluted share a year ago. This 8.46% increase is primarily attributable to lower interest expense and a reduced provision for loan losses. Net income was also increased by a shift in the investment portfolio toward tax-exempt securities, which played a significant role in reducing income tax expense when comparing the first two quarters of 2014 and 2013. Old Point also took advantage of several tax credits during the first half of 2014 together, the tax credits and shift in the securities portfolio reduced income tax expense by 56.32%.

 

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Industry Analysis

OPOF

Industry Average

Valuation OPOF Industry Range
Price/Earnings 22.9x
Price/Sales 2.1x
Price/Book 0.9x
Price/Cash Flow 22.9x
TEV/Sales NM Not Meaningful
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