Old Point Finl Stock Price, News & Analysis

Old Point Financial Corporation (OPOF) has declared a quarterly cash dividend of $0.14 per share, marking a 7.7% increase from the previous quarter and $0.01 more than the prior year's dividend. The dividend will be paid on March 31, 2023, to shareholders on record as of March 8, 2023. Based on the closing stock price of $25.95 on February 21, 2023, this results in a dividend yield of approximately 2.2%.

Old Point Financial Corporation (OPOF) announced the retirement of Russell Smith Evans, Jr. from its Board of Directors at the conclusion of the 2023 Annual Meeting of Shareholders, having served since 1993. Mr. Evans expressed gratitude for his tenure, highlighting the recent board refreshment as an opportunity for new perspectives with the additions of Sarah and Elizabeth, which he believes strengthen the board. Chairman Robert Shuford commended Evans for his contributions over the years. This change follows a trend of board evolution aimed at enhancing governance and strategic direction.

Old Point Financial Corporation (NASDAQ: OPOF) reported a net income of $2.6 million and earnings per diluted common share of $0.53 for Q4 2022, up from $1.7 million and $0.32 per share in Q4 2021. For the full year, net income was $9.1 million, a rise from $8.4 million in 2021.

Significant highlights include a 24.5% growth in loans held for investment, reaching $1.0 billion, and an improved net interest margin (NIM) of 4.14%, up from 3.07% YoY. Total assets climbed to $1.4 billion, while total deposits decreased by 1.8%. Despite a drop in stockholders' equity by 18.3%, the company remains well-capitalized with a Tier 1 Capital ratio of 11.71%.

Old Point Financial Corporation has declared a quarterly cash dividend of $0.13 per share on its common stock. This dividend is set to be paid on December 30, 2022, to shareholders recorded as of December 7, 2022. The announced dividend maintains the same amount as the previous quarter, yielding approximately 2.2% based on the stock's closing price of $23.78 on November 16, 2022.

Old Point Financial Corporation (OPOF) reported strong financial results for Q3 2022, with net income increasing to $2.5 million, up from $1.9 million in Q3 2021, leading to earnings per diluted share of $0.51. Net interest income rose by 12.1% to $11.6 million. The company achieved 15.8% loan growth, totaling $954.4 million. However, stockholders' equity declined 22.6% to $93.5 million due to unrealized securities losses. The dividend remained stable at $0.13 per share, indicating ongoing shareholder returns.

Old Point Financial Corporation (Nasdaq: OPOF) has declared a quarterly cash dividend of $0.13 per share on its common stock. This dividend is scheduled for payment on September 30, 2022, to shareholders of record as of September 7, 2022. The declared amount remains consistent with the previous quarter's dividend, reflecting stability in dividend payouts. Based on the stock's closing price of $23.50 on August 16, 2022, the dividend yield is approximately 2.2%.

Old Point Financial Corporation (OPOF) reported a net income of $1.9 million for Q2 2022, up from $1.8 million in Q2 2021, with earnings per diluted share at $0.37. For the first half of 2022, net income was $3.9 million, down from $4.9 million in 2021. Loan growth remained strong, with net loans increasing 10.5% year-over-year. The net interest margin improved to 3.36%. However, total stockholders' equity decreased by 16.3% due to unrealized losses in securities. The company declared a dividend of $0.13 per share, an increase of 8.3% from the prior year.

Old Point Financial Corporation (Nasdaq: OPOF) has declared a quarterly cash dividend of $0.13 per share, consistent with the previous quarter. The dividends will be paid on June 24, 2022, to shareholders on record as of June 1, 2022. Based on the stock's closing price of $25.17 on May 17, 2022, the dividend yield is approximately 2.1%. This reflects the company’s commitment to returning value to shareholders.