Old Point Financial Corporation operates as the bank holding company for The Old Point National Bank of Phoebus that provides consumer, mortgage, and business banking services for individual and commercial customers in Virginia. The company offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits. It also provides real estate construction and real estate mortgage loans, such as residential 1-4 family mortgages, commercial real estate loans, second mortgages, and equity lines of credit; and other loans, as well as cash management services. In addition, the company provides retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, tax, and investment management services; and insurance products and wealth management services. As of December 31, 2020, it operated 16 branches in the Hampton Roads localities of Chesapeake, Hampton, Isle of Wight County, Newport News, Norfolk, Virginia Beach, Williamsburg/James City County, and York County; a loan production office in Richmond, Virginia; and a mortgage loan origination office in Charlotte, North Carolina. The company was founded in 1922 and is headquartered in Hampton, Virginia.
IPO Year:
Exchange: NASDAQ
Website: oldpoint.com
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8-K - OLD POINT FINANCIAL CORP (0000740971) (Filer)
10-Q - OLD POINT FINANCIAL CORP (0000740971) (Filer)
8-K - OLD POINT FINANCIAL CORP (0000740971) (Filer)
8-K - OLD POINT FINANCIAL CORP (0000740971) (Filer)
8-K - OLD POINT FINANCIAL CORP (0000740971) (Filer)
10-Q - OLD POINT FINANCIAL CORP (0000740971) (Filer)
8-K - OLD POINT FINANCIAL CORP (0000740971) (Filer)
8-K - OLD POINT FINANCIAL CORP (0000740971) (Filer)
8-K - OLD POINT FINANCIAL CORP (0000740971) (Filer)
8-K - OLD POINT FINANCIAL CORP (0000740971) (Filer)
HAMPTON, Va., Nov. 20, 2024 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on December 27, 2024 to shareholders of record as of December 4, 2024. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $20.30 on November 19, 2024, the annual dividend yield is approximately 2.76%. ABOUT OLD POINT FINANCIAL CORPORATION Old Point Financial Corporation (NASDAQ:OPOF) is the parent company of Old Point National Bank and Old Point Wealth Management, which serve the Hampton Roads and Richmond regions of Virginia. Old Point National Bank is a locally owned and mana
HAMPTON, Va., Nov. 8, 2024 /PRNewswire/ -- Cathy W. Liles has been appointed Senior Vice President and Chief Financial Officer of Old Point Financial Corporation (NASDAQ:OPOF) and Executive Vice President and Chief Financial Officer of Old Point National Bank. Cathy has served as Old Point's Interim Chief Financial Officer since July of this year. "Cathy's experience in the banking industry as well as her broad background in accounting make her a beneficial addition to Old Point's executive team and her appointment reflects our commitment to excellence. She has been invaluable
HAMPTON, Va., Oct. 24, 2024 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ "OPOF") reported net income of $2.4 million with diluted earnings per common share of $0.47 for the third quarter of 2024 compared to net income of $2.5 million with diluted earnings per common share of $0.50 for the second quarter of 2024, and net income of $1.4 million with diluted earnings per common share of $0.27 for the third quarter of 2023. Net income for the nine months ended September 30, 2024 was $6.6 million with diluted earnings per common share of $1.31, and for the nine months ended September 30, 2023, net income was $6.2 million with diluted earnings per common s
HAMPTON, Va., Aug. 21, 2024 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on September 27, 2024 to shareholders of record as of September 4, 2024. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $18.39 on August 20, 2024, the annual dividend yield is approximately 3.05%. ABOUT OLD POINT FINANCIAL CORPORATIONOld Point Financial Corporation (Nasdaq: OPOF) is the parent company of Old Point National Bank and Old Point Wealth Management, which serve the Hampton Roads and Richmond regions of Virginia. Old Point National Bank is a locally owned and manag
HAMPTON, Va., July 25, 2024 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ "OPOF") reported net income of $2.5 million with diluted earnings per common share of $0.50 for the second quarter of 2024 compared to net income of $1.7 million with diluted earnings per common share of $0.34 for the first quarter of 2024, and net income of $1.8 million with diluted earnings per common share of $0.36 for the second quarter of 2023. Net income for the six months ended June 30, 2024 was $4.2 million with diluted earnings per common share of $0.84, and for the six months ended June 30, 2023, net income was $4.9 million with diluted earnings per common share of $0.
HAMPTON, Va., May 22, 2024 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on June 28, 2024 to shareholders of record as of June 5, 2024. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $14.81 on May 21, 2024, the annual dividend yield is approximately 3.8%. ABOUT OLD POINT FINANCIAL CORPORATION Old Point Financial Corporation (NASDAQ:OPOF) is the parent company of Old Point National Bank and Old Point Wealth Management, which serve the Hampton Roads and Richmond regions of Virginia. Old Point National Bank is a locally owned and managed community ba
HAMPTON, Va., April 30, 2024 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ "OPOF") reported net income of $1.7 million and diluted earnings per common share of $0.34 for the first quarter of 2024 compared to net income of $1.5 million and diluted earnings per common share of $0.29 for the fourth quarter of 2023, and net income of $3.1 million and diluted earnings per common share of $0.62 for the first quarter of 2023. Robert Shuford, Jr., Chairman, President and CEO of the Company and Old Point National Bank (the "Bank") commented, "Old Point's first quarter results demonstrate that our strong balance sheet, outstanding credit culture, and high perfo
HAMPTON, Va., Feb. 21, 2024 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on March 29, 2024 to shareholders of record as of March 6, 2024. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $17.10 on February 20, 2024, the annual dividend yield is approximately 3.3%. ABOUT OLD POINT FINANCIAL CORPORATION Old Point Financial Corporation (NASDAQ:OPOF) is the parent company of Old Point National Bank and Old Point Wealth Management, which serve the Hampton Roads and Richmond regions of Virginia. Old Point National Bank is a locally owned and managed comm
HAMPTON, Va., Jan. 31, 2024 /PRNewswire/ -- Old Point National Bank (Old Point or the Bank) is proud to announce a strategic alliance with Tidewater Home Funding, LLC based in Chesapeake, Virginia. As a part of this alliance, Old Point will transition the processing of mortgage loans to Tidewater Home Funding. Old Point will maintain the branding of its mortgage division as Old Point Mortgage and will continue to underwrite and service select portfolio mortgage products through its retail and private banking arms. This alliance will also allow Old Point to expand its mortgage product offerings. Joseph Witt, President, Financial Services, Chief Strategy Officer of Old Point National Bank shar
HAMPTON, Va., Jan. 30, 2024 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ "OPOF") reported net income of $1.5 million and diluted earnings per common share of $0.29 for the fourth quarter of 2023, compared to net income of $2.6 million and diluted earnings per common share of $0.53 for the fourth quarter of 2022. Net income for the year ended December 31, 2023, was $7.7 million with diluted earnings per common share of $1.54, compared to $9.1 million of net income with diluted earnings per common share of $1.80 for the year ended December 31, 2022. Robert Shuford, Jr., Chairman, President and CEO of the Company and Old Point National Bank (the Bank) c
HAMPTON, Va., Nov. 20, 2024 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on December 27, 2024 to shareholders of record as of December 4, 2024. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $20.30 on November 19, 2024, the annual dividend yield is approximately 2.76%. ABOUT OLD POINT FINANCIAL CORPORATION Old Point Financial Corporation (NASDAQ:OPOF) is the parent company of Old Point National Bank and Old Point Wealth Management, which serve the Hampton Roads and Richmond regions of Virginia. Old Point National Bank is a locally owned and mana
HAMPTON, Va., Oct. 24, 2024 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ "OPOF") reported net income of $2.4 million with diluted earnings per common share of $0.47 for the third quarter of 2024 compared to net income of $2.5 million with diluted earnings per common share of $0.50 for the second quarter of 2024, and net income of $1.4 million with diluted earnings per common share of $0.27 for the third quarter of 2023. Net income for the nine months ended September 30, 2024 was $6.6 million with diluted earnings per common share of $1.31, and for the nine months ended September 30, 2023, net income was $6.2 million with diluted earnings per common s
HAMPTON, Va., Aug. 21, 2024 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on September 27, 2024 to shareholders of record as of September 4, 2024. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $18.39 on August 20, 2024, the annual dividend yield is approximately 3.05%. ABOUT OLD POINT FINANCIAL CORPORATIONOld Point Financial Corporation (Nasdaq: OPOF) is the parent company of Old Point National Bank and Old Point Wealth Management, which serve the Hampton Roads and Richmond regions of Virginia. Old Point National Bank is a locally owned and manag
HAMPTON, Va., July 25, 2024 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ "OPOF") reported net income of $2.5 million with diluted earnings per common share of $0.50 for the second quarter of 2024 compared to net income of $1.7 million with diluted earnings per common share of $0.34 for the first quarter of 2024, and net income of $1.8 million with diluted earnings per common share of $0.36 for the second quarter of 2023. Net income for the six months ended June 30, 2024 was $4.2 million with diluted earnings per common share of $0.84, and for the six months ended June 30, 2023, net income was $4.9 million with diluted earnings per common share of $0.
HAMPTON, Va., May 22, 2024 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on June 28, 2024 to shareholders of record as of June 5, 2024. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $14.81 on May 21, 2024, the annual dividend yield is approximately 3.8%. ABOUT OLD POINT FINANCIAL CORPORATION Old Point Financial Corporation (NASDAQ:OPOF) is the parent company of Old Point National Bank and Old Point Wealth Management, which serve the Hampton Roads and Richmond regions of Virginia. Old Point National Bank is a locally owned and managed community ba
HAMPTON, Va., April 30, 2024 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ "OPOF") reported net income of $1.7 million and diluted earnings per common share of $0.34 for the first quarter of 2024 compared to net income of $1.5 million and diluted earnings per common share of $0.29 for the fourth quarter of 2023, and net income of $3.1 million and diluted earnings per common share of $0.62 for the first quarter of 2023. Robert Shuford, Jr., Chairman, President and CEO of the Company and Old Point National Bank (the "Bank") commented, "Old Point's first quarter results demonstrate that our strong balance sheet, outstanding credit culture, and high perfo
HAMPTON, Va., Feb. 21, 2024 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on March 29, 2024 to shareholders of record as of March 6, 2024. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $17.10 on February 20, 2024, the annual dividend yield is approximately 3.3%. ABOUT OLD POINT FINANCIAL CORPORATION Old Point Financial Corporation (NASDAQ:OPOF) is the parent company of Old Point National Bank and Old Point Wealth Management, which serve the Hampton Roads and Richmond regions of Virginia. Old Point National Bank is a locally owned and managed comm
HAMPTON, Va., Jan. 30, 2024 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ "OPOF") reported net income of $1.5 million and diluted earnings per common share of $0.29 for the fourth quarter of 2023, compared to net income of $2.6 million and diluted earnings per common share of $0.53 for the fourth quarter of 2022. Net income for the year ended December 31, 2023, was $7.7 million with diluted earnings per common share of $1.54, compared to $9.1 million of net income with diluted earnings per common share of $1.80 for the year ended December 31, 2022. Robert Shuford, Jr., Chairman, President and CEO of the Company and Old Point National Bank (the Bank) c
HAMPTON, Va., Nov. 22, 2023 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on December 29, 2023 to shareholders of record as of December 6, 2023. This dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $17.75 on November 21, 2023, the annual dividend yield is approximately 3.15%. ABOUT OLD POINT FINANCIAL CORPORATION Old Point Financial Corporation (NASDAQ:OPOF) is the parent company of Old Point National Bank and Old Point Wealth Management, which serve the Hampton Roads and Richmond regions of Virginia as well as operate a mortgage loan production offic
HAMPTON, Va., Aug. 16, 2023 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on September 29, 2023 to shareholders of record as of September 6, 2023. This dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $18.62 on August 15, 2023, the dividend yield is approximately 3.0%. ABOUT OLD POINT FINANCIAL CORPORATION Old Point Financial Corporation (NASDAQ:OPOF) is the parent company of Old Point National Bank and Old Point Wealth Management, which serve the Hampton Roads and Richmond regions of Virginia as well as operate a mortgage loan production office in Cha
HAMPTON, Va., Nov. 8, 2024 /PRNewswire/ -- Cathy W. Liles has been appointed Senior Vice President and Chief Financial Officer of Old Point Financial Corporation (NASDAQ:OPOF) and Executive Vice President and Chief Financial Officer of Old Point National Bank. Cathy has served as Old Point's Interim Chief Financial Officer since July of this year. "Cathy's experience in the banking industry as well as her broad background in accounting make her a beneficial addition to Old Point's executive team and her appointment reflects our commitment to excellence. She has been invaluable
HAMPTON, Va., Dec. 26, 2023 /PRNewswire/ -- Old Point Financial Corporation (the Company) announced that Dr. Arthur D. Greene is retiring from the Boards of Directors of the Company and its wholly-owned subsidiaries, The Old Point National Bank of Phoebus (the Bank) and Old Point Trust & Financial Services, N.A. (the Wealth Company) effective as of December 31, 2023. Dr. Greene joined the Boards of Directors of the Company, Bank, and the Wealth Company in 1994 and currently serves on the Company's Executive, Audit, and Nominating and Corporate Governance Committees. Throughout his service, Dr. Greene served as Lead Independent Director for the Company for 14 years, the Lead Independent Direc
HAMPTON, Va., Feb. 17, 2023 /PRNewswire/ -- Old Point Financial Corporation (the Company) announced that Russell Smith Evans, Jr. has decided to retire from the Boards of Directors of the Company and its wholly-owned national bank subsidiary, The Old Point National Bank of Phoebus (the Bank), at the conclusion of his current term, which ends as of the Company's 2023 Annual Meeting of Shareholders. Mr. Evans joined the Boards of Directors of the Company and the Bank in 1993 and currently serves on the Company's Audit, Nominating and Corporate Governance, and Directors Loan Committees.
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Although U.S. stocks closed mixed on Friday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Citi Trends The Trade: Citi Trends, Inc. (NASDAQ:CTRN) 10% owner Pleasant Lake Partners LLC acquired a total of 75,015 shares
Monday marks the last chance for investors to receive the next dividend payout from Old Point Financial (NASDAQ:OPOF). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 14 cents per share. On Tuesday, Old Point Financial will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 14 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own OPOF as of the end of Monday's session are eligible to receive the 14 cents
Old Point Financial (NASDAQ:OPOF) reported quarterly earnings of $0.29 per share. This is a 45.28 percent decrease over earnings of $0.53 per share from the same period last year.
Monday marks the last chance for investors to receive the next dividend payout from Old Point Financial (NASDAQ:OPOF). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 14 cents per share. On Tuesday, Old Point Financial will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 14 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own OPOF as of the end of Monday's session are eligible to receive the 14 cents
Old Point Financial (NASDAQ:OPOF) reported quarterly earnings of $0.27 per share. This is a 47.06 percent decrease over earnings of $0.51 per share from the same period last year.
Monday marks the last chance for investors to receive the next dividend payout from Old Point Financial (NASDAQ:OPOF). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 14 cents per share. On Tuesday, Old Point Financial will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 14 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own OPOF as of the end of Monday's session are eligible to receive the 14 cents
Old Point Financial (NASDAQ:OPOF) reported quarterly earnings of $0.36 per share. This is a 2.7 percent decrease over earnings of $0.37 per share from the same period last year.
Monday marks the last chance for investors to receive the next dividend payout from Old Point Financial (NASDAQ:OPOF). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 14 cents per share. On Tuesday, Old Point Financial will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 14 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own OPOF as of the end of Monday's session are eligible to receive the 14 cents
Understanding Value Stocks A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the financial services sector: Old Point Financial (NASDAQ:OPOF) - P/E: 8.03 BCB Bancorp (NASDAQ:BCBP) - P/E: 4.22 Bank of Montreal (NYSE:BMO) - P/E: 7.43 Wesbanco (NASDAQ:WSBC) - P/E: 7.35 Cambridge (NASDAQ:C
Old Point Financial (NASDAQ:OPOF) reported quarterly earnings of $0.62 per share. This is a 58.97 percent increase over earnings of $0.39 per share from the same period last year.