Old Point Financial Corp (NASDAQ: OPOF) has reported earnings for its first fiscal quarter (ending March 31) of $0.34 versus $0.62 for the same period a year ago — a decline of -45%. E.P.S. were $1.26 for the latest four quarters through March 31 versus $2.03 for the same period a year ago — a decline of -38%.
Recent Price Action
Old Point Financial Corp (NASDAQ: OPOF) stock closed at $14.10 on 4/30/24 after a modest gain of 0.7%. Moreover, above average trading volume at 149% of normal accompanied the advance. The stock has declined -4.1% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
OPOF is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Old Point Financial has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Old Point Financial has a slightly positive Appreciation Score of 69 and a neutral Power Rating of 41, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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