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Old Point Financial Corp. - OPOF STOCK NEWS

Welcome to our dedicated news page for Old Point Financial (Ticker: OPOF), a resource for investors and traders seeking the latest updates and insights on Old Point Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Old Point Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Old Point Financial's position in the market.

News
Old Point Financial Corporation Announces Quarterly Dividend
Rhea-AI Summary
Old Point Financial Corporation announces a quarterly cash dividend of $0.14 per share, maintaining consistency with the previous quarter. The dividend yield stands at around 3.3% based on the closing stock price of $17.10 on February 20, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
dividends
-
News
OLD POINT NATIONAL BANK ANNOUNCES STRATEGIC ALLIANCE WITH TIDEWATER HOME FUNDING
Rhea-AI Summary
Old Point National Bank announces a strategic alliance with Tidewater Home Funding, LLC to transition the processing of mortgage loans. The alliance will allow Old Point to expand its mortgage product offerings while maintaining the branding of its mortgage division as Old Point Mortgage. Positions will be available at Tidewater Home Funding for Old Point's mortgage loan originators. The alliance aims to expand opportunities for both organizations and provide excellent service to customers while maximizing value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.53%
Tags
none
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News
Old Point Releases Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Old Point Financial Corporation (OPOF) reported a decrease in net income and diluted earnings per common share for the fourth quarter of 2023 compared to the same period in 2022. The company's net income for the year ended December 31, 2023, also declined. Despite challenges within the banking industry, Old Point demonstrated strength and stability by delivering strong operating results and growing earning assets and deposits. Total assets, net loans held for investment, and total deposits all increased in 2023 compared to 2022. However, net interest margin decreased in the fourth quarter of 2023 compared to the same period in 2022. Net interest income also decreased in the fourth quarter of 2023 compared to 2022, but increased for the year ended December 31, 2023, compared to 2022. Liquidity as of December 31, 2023, represented 23.7% of total assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.53%
Tags
earnings
News
OLD POINT FINANCIAL CORPORATION ANNOUNCES RETIREMENT OF DR. ARTHUR D. GREENE FROM BOARD OF DIRECTORS
Rhea-AI Summary
Old Point Financial Corporation (OPFC) announced the retirement of Dr. Arthur D. Greene from the Boards of Directors of the Company, The Old Point National Bank of Phoebus, and Old Point Trust & Financial Services, N.A. effective December 31, 2023. Dr. Greene served as Lead Independent Director for the Company for 14 years, the Lead Independent Director for the Wealth Company for 2 years, and the Chairman of the Board of the Wealth Company for 5 years. His retirement was praised by the Chairman, President, and CEO for his invaluable contributions and years of service.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
management
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News
Old Point Financial Corporation Declares Quarterly Dividend
Rhea-AI Summary
Old Point Financial Corporation (OPOF) has declared a quarterly cash dividend of $0.14 per share on its common stock, to be paid on December 29, 2023. The dividend amount remains the same as the prior quarter's dividend, resulting in an annual dividend yield of approximately 3.15% based on the stock's closing price of $17.75 on November 21, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
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News
Old Point Releases Third Quarter 2023 Results
Rhea-AI Summary
Old Point Financial Corporation reports net income of $1.4 million for Q3 2023, down from $2.5 million in Q3 2022. Total assets increase by $91.7 million to $1.4 billion. Net loans held for investment grow by $54.3 million. Total deposits increase by $81.6 million. Nonperforming assets decrease to $2.7 million. Net interest margin decreases to 3.33%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.44%
Tags
earnings
News
OLD POINT ANNOUNCES APPOINTMENT OF PAUL M. PICKETT AS CHIEF FINANCIAL OFFICER
Rhea-AI Summary
Paul M. Pickett appointed as Senior VP and CFO of Old Point Financial Corporation and EVP and CFO of Old Point National Bank.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.07%
Tags
management
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News
Old Point Financial Corporation Declares Quarterly Dividend
Rhea-AI Summary
Old Point Financial Corporation declares quarterly cash dividend of $0.14 per share on its common stock, with a dividend yield of approximately 3.0%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
Tags
dividends
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News
Old Point Releases Second Quarter 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.83%
Tags
earnings
News
Old Point Financial Corporation Declares Quarterly Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.33%
Tags
dividends
Stock OPOF logo
Old Point Financial Corp.

Nasdaq:OPOF

OPOF Rankings

#4480 Ranked by Market Cap
#4422 Ranked by Stock Gains
N/A Ranked by Dividends

OPOF Stock Data

74.04M
3.15M
18.97%
37.13%
0.07%
Commercial Banking
Finance and Insurance
Link
United States
Hampton

About OPOF

old point is a family of organizations designed to meet all of your financial needs. their employees live, work, and shop in the footprint in which they serve, and they pride themselves on creating a better community every day. visit oldpoint.com to discover old point national bank, old point trust, old point mortgage, and old point insurance. old point national bank is a full service community bank that offers everything from sophisticated commercial banking services and reasonably priced consumer services to good, old fashioned personal service. we offer 19 convenient branch locations throughout hampton roads and surcharge-free access to over 55,000 atms worldwide as part of the allpoint atm network. we are committed to helping the hampton roads community through support of over 300 local charitable organizations. old point trust is the oldest and largest trust company headquartered in hampton roads, providing sophisticated wealth management solutions since 1926. old point mortgage p