NasdaqCM:OPOF

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Excellent balance sheet unattractive dividend payer.

Risks

  • Old Point Financial is not covered by any analysts.

Similar Companies

Share Price & News

How has Old Point Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.9%

NasdaqCM:OPOF

2.4%

US Banks

2.9%

US Market


1 Year Return

-17.6%

NasdaqCM:OPOF

-14.8%

US Banks

0.2%

US Market

OPOF underperformed the Banks industry which returned -15.3% over the past year.

OPOF underperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

OPOFIndustryMarket
7 Day0.9%2.4%2.9%
30 Day4.5%-6.3%-2.3%
90 Day10.0%-2.1%3.1%
1 Year-16.0%-17.6%-12.4%-14.8%2.4%0.2%
3 Year24.4%18.1%41.7%32.0%41.7%32.4%
5 Year68.8%54.5%52.2%35.7%55.1%37.9%

Price Volatility Vs. Market

How volatile is Old Point Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Old Point Financial undervalued based on future cash flows and its price relative to the stock market?

18.14x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Old Point Financial's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Old Point Financial's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Old Point Financial is overvalued based on earnings compared to the US Banks industry average.

Old Point Financial is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Old Point Financial, we can't assess if its growth is good value.


Price Based on Value of Assets

Old Point Financial is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Old Point Financial expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Old Point Financial is high growth as no revenue estimate data is available.

Old Point Financial's earnings are expected to grow by 13.6% yearly, however this is not considered high growth (20% yearly).

Unable to compare Old Point Financial's revenue growth to the United States of America market average as no estimate data is available.

Old Point Financial's earnings growth is positive but not above the United States of America market average.

Old Point Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Old Point Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Old Point Financial performed over the past 5 years?

-3.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Old Point Financial's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Old Point Financial has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

Old Point Financial has become profitable in the last year making it difficult to compare the US Banks industry average.


Return on Equity

Old Point Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Old Point Financial used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Old Point Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Old Point Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Old Point Financial has an acceptable proportion of non-loan assets held.

Old Point Financial has a low allowance for bad loans.

Old Point Financial's liabilities are made up of primarily low risk sources of funding.

Old Point Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Old Point Financial are broadly funded by customer deposits.

Old Point Financial has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Old Point Financial's current dividend yield, its reliability and sustainability?

2.07%

Current Dividend Yield


Dividend Yield and Payments Analysis

Old Point Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Old Point Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.8x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Old Point Financial's salary, the management and board of directors tenure and is there insider trading?

4.3yrs

Average management tenure


CEO

Rob Shuford (81yo)

35.6yrs

Tenure

US$343,956

Compensation

Mr. Robert F. Shuford, Sr., also known as Rob, has been Chairman of Old Point Financial Corporation since 1984 and serves as its Chief Executive Officer & President since 1984. Mr. Shuford received his B.S ...


CEO Compensation Analysis

Rob's remuneration is about average for companies of similar size in United States of America.

Rob's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.3yrs

Average Tenure

56yo

Average Age

The tenure for the Old Point Financial management team is about average.


Board Age and Tenure

16.6yrs

Average Tenure

73yo

Average Age

The average tenure for the Old Point Financial board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$8,50007 May 19
William Keefe
EntityIndividual
Shares400
Max PriceUS$21.25
BuyUS$933,46126 Dec 18
PL Capital Advisors, LLC
EntityCompany
Shares39,500
Max PriceUS$26.50

Ownership Breakdown


Management Team

  • Rob Shuford (81yo)

    Chairman

    • Tenure: 35.6yrs
    • Compensation: US$343.96k
  • Beth Beale (46yo)

    Interim CFO & Principal Accounting Officer.

    • Tenure: 0.1yrs
  • Rob Shuford (54yo)

    Director

    • Tenure: 10.6yrs
    • Compensation: US$386.91k
  • Joe Witt (58yo)

    Senior VP

    • Tenure: 11.7yrs
    • Compensation: US$349.25k
  • Gene Jordan (64yo)

    Secretary & Executive VP

    • Tenure: 0.0yrs
    • Compensation: US$222.77k
  • Don Buckless (54yo)

    Chief Lending Officer & Senior VP

    • Tenure: 0.0yrs
  • Laura Wright

    VP & Marketing Director

    • Tenure: 0.0yrs

Board Members

  • Rob Shuford (81yo)

    Chairman

    • Tenure: 35.6yrs
    • Compensation: US$343.96k
  • Russell Evans (76yo)

    Director

    • Tenure: 26.3yrs
    • Compensation: US$35.52k
  • Arthur Greene (74yo)

    Lead Independent Director

    • Tenure: 0.0yrs
    • Compensation: US$48.07k
  • John Ishon (72yo)

    Director

    • Tenure: 30.6yrs
    • Compensation: US$47.67k
  • H. Schappert (80yo)

    Director

    • Tenure: 23.5yrs
    • Compensation: US$35.42k
  • James Chisman (75yo)

    Director

    • Tenure: 16.6yrs
    • Compensation: US$35.72k
  • Rebekah Clark Thacker (57yo)

    Director

    • Tenure: 13.6yrs
    • Compensation: US$40.92k
  • Rob Shuford (54yo)

    Director

    • Tenure: 10.6yrs
    • Compensation: US$386.91k
  • Joe Witt (58yo)

    Senior VP

    • Tenure: 11.7yrs
    • Compensation: US$349.25k
  • Michael Glasser (65yo)

    Director

    • Tenure: 9.8yrs
    • Compensation: US$28.82k

Company Information

Old Point Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Old Point Financial Corporation
  • Ticker: OPOF
  • Exchange: NasdaqCM
  • Founded: 1922
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$120.706m
  • Shares outstanding: 5.20m
  • Website: https://www.oldpoint.com

Number of Employees


Location

  • Old Point Financial Corporation
  • 1 West Mellen Street
  • PO Box 3392
  • Hampton
  • Virginia
  • 23663
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OPOFNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJan 1998

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 23:39
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.