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OPOF

Old Point Financial NasdaqCM:OPOF Stock Report

Last Price

US$25.88

Market Cap

US$132.5m

7D

4.6%

1Y

11.8%

Updated

24 May, 2022

Data

Company Financials
OPOF fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends4/6

OPOF Stock Overview

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 in Virginia.

Old Point Financial Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Old Point Financial
Historical stock prices
Current Share PriceUS$25.88
52 Week HighUS$27.99
52 Week LowUS$20.50
Beta0.82
1 Month Change-0.42%
3 Month Change6.04%
1 Year Change11.79%
3 Year Change21.79%
5 Year Change-12.57%
Change since IPO131.07%

Recent News & Updates

Shareholder Returns

OPOFUS BanksUS Market
7D4.6%3.8%-0.5%
1Y11.8%-16.6%-12.3%

Return vs Industry: OPOF exceeded the US Banks industry which returned -16.6% over the past year.

Return vs Market: OPOF exceeded the US Market which returned -12.3% over the past year.

Price Volatility

Is OPOF's price volatile compared to industry and market?
OPOF volatility
OPOF Average Weekly Movement4.1%
Banks Industry Average Movement4.0%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market2.9%

Stable Share Price: OPOF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: OPOF's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1922273Rob Shufordhttps://oldpoint.com

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 in Virginia. The company offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits. It also provides real estate construction, commercial, and mortgage loans, such as residential 1-4 family mortgages, multi-family and second mortgages, and equity lines of credit; and other loans, as well as cash management services.

Old Point Financial Fundamentals Summary

How do Old Point Financial's earnings and revenue compare to its market cap?
OPOF fundamental statistics
Market CapUS$132.46m
Earnings (TTM)US$7.46m
Revenue (TTM)US$51.80m

17.8x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OPOF income statement (TTM)
RevenueUS$51.80m
Cost of RevenueUS$0
Gross ProfitUS$51.80m
Other ExpensesUS$44.34m
EarningsUS$7.46m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.46
Gross Margin100.00%
Net Profit Margin14.40%
Debt/Equity Ratio30.5%

How did OPOF perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

36%

Payout Ratio

Does OPOF pay a reliable dividends?

See OPOF dividend history and benchmarks
When do you need to buy OPOF by to receive an upcoming dividend?
Old Point Financial dividend dates
Ex Dividend DateMay 31 2022
Dividend Pay DateJun 24 2022
Days until Ex dividend6 days
Days until Dividend pay date30 days

Does OPOF pay a reliable dividends?

See OPOF dividend history and benchmarks

Valuation

Is Old Point Financial undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


6.0%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: OPOF ($25.88) is trading below our estimate of fair value ($27.27)

Significantly Below Fair Value: OPOF is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: OPOF is poor value based on its Price-To-Earnings Ratio (17.7x) compared to the US Banks industry average (9.8x).

PE vs Market: OPOF is poor value based on its Price-To-Earnings Ratio (17.7x) compared to the US market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OPOF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OPOF is overvalued based on its Price-To-Book Ratio (1.2x) compared to the US Banks industry average (1.1x).


Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.0%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Old Point Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

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

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


25.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OPOF has high quality earnings.

Growing Profit Margin: OPOF's current net profit margins (14.4%) are higher than last year (14%).


Past Earnings Growth Analysis

Earnings Trend: OPOF's earnings have grown significantly by 25.6% per year over the past 5 years.

Accelerating Growth: OPOF's earnings growth over the past year (4.3%) is below its 5-year average (25.6% per year).

Earnings vs Industry: OPOF earnings growth over the past year (4.3%) underperformed the Banks industry 20.9%.


Return on Equity

High ROE: OPOF's Return on Equity (6.9%) is considered low.


Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: OPOF's Assets to Equity ratio (12.3x) is moderate.

Allowance for Bad Loans: OPOF has a sufficient allowance for bad loans (198%).

Low Risk Liabilities: 97% of OPOF's liabilities are made up of primarily low risk sources of funding.

Loan Level: OPOF has an appropriate level of Loans to Assets ratio (64%).

Low Risk Deposits: OPOF's Loans to Deposits ratio (72%) is appropriate.

Level of Bad Loans: OPOF has an appropriate level of bad loans (0.6%).


Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.01%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 24 2022Ex Dividend DateMay 31 2022Dividend Pay DateJun 24 202224 days from Ex DividendBuy in the next 6 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: OPOF's dividend (2.01%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: OPOF's dividend (2.01%) is low compared to the top 25% of dividend payers in the US market (4.05%).


Stability and Growth of Payments

Stable Dividend: OPOF's dividends per share have been stable in the past 10 years.

Growing Dividend: OPOF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (35.8%), OPOF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Rob Shuford (56 yo)

2.33yrs

Tenure

US$502,505

Compensation

Mr. Robert F. Shuford, Jr., also known as Rob, serves as President, CEO & Chairman at Old Point Financial Corporation since January 3, 2020. He has been Chief Executive Officer and President at Old Point N...


CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD502.51K) is below average for companies of similar size in the US market ($USD770.27K).

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: OPOF's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: OPOF's board of directors are seasoned and experienced ( 13.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: OPOF insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Old Point Financial Corporation's 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
  • Implied Market Cap: US$132.459m
  • Shares outstanding: 5.12m
  • Website: https://oldpoint.com

Number of Employees


Location

  • Old Point Financial Corporation
  • 101 East Queen Street
  • Hampton
  • Virginia
  • 23669
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/24 00:00
End of Day Share Price2022/05/23 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.