Old Point Financial Corp (NASDAQ: OPOF) has reported earnings for its second fiscal quarter (ending June 30) of $0.50 versus $0.36 for the same period a year ago — an increase of 39%. For the latest four quarters through June 30, E.P.S. were $1.40 versus $2.01 for the same period a year ago — a decline of -30%.
Recent Price Action
Old Point Financial Corp (NASDAQ: OPOF) stock declined slightly by -0.9% on 7/25/24. The stock closed at $17.05. However, this decline was accompanied by exceptionally low trading volume at 16% of normal. The stock has been weak relative to the market over the last nine months but has risen 2.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, OPOF is expected to continue to be Value Creation neutral.
Old Point Financial has a current Value Trend Rating of C (Low Neutral). 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 63 but a slightly negative Power Rating of 30, triggering the Low 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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