Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Old Point Financial Corp (NASDAQ: OPOF) weakened in the last week. OPOF’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Old Point Financial Corp (NASDAQ: OPOF) stock closed at $16.52 on 11/10/23 after being unchanged was unchanged. The stock has risen 5.8% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
OPOF’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
Old Point Financial has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Old Point Financial has a slightly positive Appreciation Score of 62 but a poor Power Rating of 26, resulting in the Negative Value Trend Rating.
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