Ownership Change to Note: Old Point Financial Corp (NASDAQ:OPOF) Quarterly Sentiment Report

November 21, 2016 - By Hazel Jackson   ·   0 Comments

Ownership Change to Note: Old Point Financial Corp (NASDAQ:OPOF) Quarterly Sentiment Report

Sentiment for Old Point Financial Corp (NASDAQ:OPOF)

Old Point Financial Corp (NASDAQ:OPOF) institutional sentiment decreased to 0.8 in 2016 Q2. Its down -0.20, from 1 in 2016Q1. The ratio fall, as 4 active investment managers started new or increased positions, while 4 reduced and sold equity positions in Old Point Financial Corp. The active investment managers in our partner’s database now possess: 1.21 million shares, down from 1.24 million shares in 2016Q1. Also, the number of active investment managers holding Old Point Financial Corp in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 0 Reduced: 4 Increased: 3 New Position: 1.

Old Point Financial Corporation is a holding firm that conducts all of its activities through two subsidiaries, The Old Point National Bank of Phoebus and Old Point Trust & Financial Services, N.A. (the Trust). The company has a market cap of $110.64 million. The Firm operates in three principal business divisions: the Bank, the Trust and the Parent. It has a 33.66 P/E ratio. The Firm is the parent firm of Trust and the Bank.

The stock increased 2.06% or $0.44 on November 18, hitting $21.8. Old Point Financial Corporation (NASDAQ:OPOF) has risen 14.74% since April 19, 2016 and is uptrending. It has outperformed by 10.88% the S&P500.

According to Zacks Investment Research, “Old Point Financial Corporation was incorporated for the purpose of acquiring all the outstanding common stock of The Old Point National Bank of Phoebus. The bank provides a full range of banking and related financial services, including checking, savings, certificates of deposit, and other depository services, commercial, industrial, residential real estate and consumer loan services, safekeeping services.”

Old Point Trust & Financial Services N A holds 4.32% of its portfolio in Old Point Financial Corporation for 371,159 shares. Pl Capital Advisors Llc owns 302,662 shares or 1.98% of their US portfolio. Moreover, Stieven Capital Advisors L.P. has 0.77% invested in the company for 144,157 shares. The Illinois-based Banc Funds Co Llc has invested 0.01% in the stock. Alliancebernstein L.P., a New York-based fund reported 106,270 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 0 selling transactions for $19,100 net activity.

OPOF Company Profile

Old Point Financial Corporation, incorporated on February 15, 1984, is a holding firm that conducts all of its activities through two subsidiaries, The Old Point National Bank of Phoebus (the Bank) and Old Point Trust & Financial Services, N.A. (the Trust). The Firm operates in three principal business divisions: the Bank, the Trust and the Parent. The Firm is the parent firm of Trust and the Bank. The Bank is an independent community bank. The Bank serves individual and commercial customers. The Bank had approximately 18 branch offices serving the Hampton Roads localities of Hampton, Newport News, Norfolk, Virginia Beach, Chesapeake, Williamsburg/James City County, York County and Isle of Wight County. The Bank offers a complete line of consumer, mortgage and business banking services, including loan, deposit and cash management services. The Bank offers a range of deposit and loan products to its retail and commercial customers. Products and services include retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, tax services and investment management services. The Trust is a nationally chartered trust firm and wealth management services provider. Trust offers a full range of services for individuals and businesses.

More news for Old Point Financial Corporation (NASDAQ:OPOF) were recently published by: Prnewswire.com, which released: “Old Point Financial Corporation Declares Fourth Quarter Dividend” on November 10, 2016. Streetinsider.com‘s article titled: “Form 4/A OLD POINT FINANCIAL CORP For: Oct 27 Filed by: LANGLEY TOM B” and published on April 14, 2007 is yet another important article.

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By Hazel Jackson


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