Old Point Financial (NasdaqCM:OPOF) - Share price, News & Analysis

OPOF fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	3/6
Financial Health	6/6
Dividends	4/6

OPOF Stock Overview

Rewards

Trading at 5.1% below our estimate of its fair value

Earnings have grown 25.6% per year over the past 5 years

Pays a reliable dividend of 2.01%

Risk Analysis

No risks detected for OPOF from our risk checks.

Old Point Financial Competitors

Live Oak Bancshares

NasdaqGS:LOB

US$1.6b

City Holding

NasdaqGS:CHCO

US$1.2b

MetroCity Bankshares

NasdaqGS:MCBS

US$513.9m

First Community Bankshares

NasdaqGS:FCBC

US$474.6m

Price History & Performance

Summary of all time highs, changes and price drops for Old Point Financial
Historical stock prices
Current Share Price	US$25.88
52 Week High	US$27.99
52 Week Low	US$20.50
Beta	0.82
1 Month Change	-0.42%
3 Month Change	6.04%
1 Year Change	11.79%
3 Year Change	21.79%
5 Year Change	-12.57%
Change since IPO	131.07%

Shareholder Returns

	OPOF	US Banks	US Market
7D	4.6%	3.8%	-0.5%
1Y	11.8%	-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 Movement	4.1%
Banks Industry Average Movement	4.0%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	2.9%

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

Founded	Employees	CEO	Website
1922	273	Rob Shuford	https://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 Cap	US$132.46m
Earnings (TTM)	US$7.46m
Revenue (TTM)	US$51.80m

17.8x

P/E Ratio

1.2x

P/B Ratio

Is OPOF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
OPOF income statement (TTM)
Revenue	US$51.80m
Cost of Revenue	US$0
Gross Profit	US$51.80m
Other Expenses	US$44.34m
Earnings	US$7.46m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	1.46
Gross Margin	100.00%
Net Profit Margin	14.40%
Debt/Equity Ratio	30.5%

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 Date	May 31 2022
Dividend Pay Date	Jun 24 2022
Days until Ex dividend	6 days
Days until Dividend pay date	30 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

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/23 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31