Extremely important positive changes in investment behavior have recently occurred for Old Point Financial Corp (NASDAQ: OPOF): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent significant positive changes in fundamentals have benefitted Old Point Financial Corp (NASDAQ: OPOF): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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, with the Low Neutral Value Trend Rating the result.
Recent Price Action
On 7/23/24, Old Point Financial Corp (NASDAQ: OPOF) stock enjoyed a large increase of 2.3%, closing at $17.14. However, exceptionally low trading volume at 13% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 5.9% during the last week.
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