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Old Point Financial Corp  (OPOF)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $17.0000 $0.16 0.950%
Day's High: $17 Week Perf: 0.71 %
Day's Low: $ 16.84 30 Day Perf: -7.41 %
Volume (M): 1 52 Wk High: $ 28.72
Volume (M$): $ 22 52 Wk Avg: $18.59
Open: $16.84 52 Wk Low: $14.00



 Market Capitalization (Millions $) 86
 Shares Outstanding (Millions) 5
 Employees 296
 Revenues (TTM) (Millions $) 61
 Net Income (TTM) (Millions $) 9
 Cash Flow (TTM) (Millions $) 23
 Capital Exp. (TTM) (Millions $) 1

Old Point Financial Corp

Old Point Financial Corporation was incorporated under the laws of Virginia on February 16, 1984, for the purpose of acquiring all the outstanding common stock of The Old Point National Bank of Phoebus (the Bank), in connection with the reorganization of the Bank into a one-bank holding company structure. At the annual meeting of the stockholders on March 27, 1984, the proposed reorganization was approved by the requisite stockholder vote. At the effective date of the reorganization on October 1, 1984, the Bank merged into a newly formed national bank as a wholly-owned subsidiary of the Company, with each outstanding share of common stock of the Bank being converted into five shares of common stock of the Company.

The Company completed a spin-off of its trust department as of April 1, 1999. The organization is chartered as Old Point Trust & Financial Services, N.A. (Trust). Trust is a nationally chartered trust company. The purpose of the spin-off was to have a corporate structure more ready to compete in the field of wealth management. Trust is a wholly-owned subsidiary of the Company.

The Bank is a national banking association that was founded in 1922. As of the end of 2015, the Bank had 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 to individual and commercial customers.

The Companys primary activity is as a holding company for the common stock of the Bank and Trust. The principal business of the Company is conducted through its subsidiaries, which continue to conduct business in substantially the same manner as before the reorganization and spin-off.



   Company Address: 101 East Queen Street Hampton 23669 VA
   Company Phone Number: 728-1200   Stock Exchange / Ticker: NASDAQ OPOF
   OPOF is expected to report next financial results on March 30, 2024.


Customers Net Income fell by OPOF's Customers Net Profit Margin fell to

-5.8 %

17.2 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC        1.72% 
C        0.69% 
COF        1.34% 
JPM        1.41% 
USB        1.35% 
WFC        4.08% 
• View Complete Report
   



Old Point Financial Corp

Company's Lackluster Performance Leaves Investors Unimpressed in Q3 2023 Earnings Season



Old Point Financial Corp, a prominent financial institution, has experienced a notable rise in stock prices over the last five trading days and the past 12 months. However, recent financial results reveal a decline in earnings per share and revenue. This article aims to interpret these numbers and explore the potential impact on the company's future.
1. Stock Performance:
Old Point Financial Corp stock has demonstrated a solid gain of 5.83% over the last five trading days, highlighting investor optimism. Furthermore, the stock has surged by an impressive 26.2% in the past 12 months, portraying a promising outlook for the company.

Old Point Financial Corp

Old Point Financial Corp's Revenue Takes a Dive during April to June 2023 Fiscal Period

The Commercial Banks company experienced a decline in earnings per share (EPS) in the second quarter of 2023, despite a significant increase in revenue. During this time frame, profitability decreased by 2.7% to $0.36 per share, while revenue rose by 14.822% to $15.22 million compared to the same period last year.
In contrast to its peers in the Commercial Banks sector, OPOFsn has shown remarkable growth in its top-line performance. While the sector reported a revenue increase of 12.39% during the same time frame, OPOFsn exceeded this figure with its substantial revenue rise. This indicates that OPOFsn has been successful in generating higher revenue compared to other companies in the same industry.

Old Point Financial Corp

Old Point Financial Corp Sees Revenue Increase, But Faces Concerns Over Ranking Decline

As a cautious observer of the stock market, it is imperative to approach the news about Old Point Financial Corp's revenue increase and profits with a balanced perspective. While the company's revenue per employee grew impressively on a trailing twelve months basis and marks a new company high, it is worth noting that there are 552 Financial sector companies where employees have achieved higher revenue per employee.
Furthermore, Old Point Financial Corp's overall ranking has deteriorated compared to the previous quarter, which is a cause for concern. Investors must closely monitor why this has occurred and whether it indicates underlying issues that will negatively affect the company in the long term.






 

Old Point Financial's Segments
 
 
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