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.
Flawless balance sheet with solid track record.
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
Stable Share Price: OPOF's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: OPOF underperformed the US Banks industry which returned -27.5% over the past year.
Return vs Market: OPOF underperformed the US Market which returned 4.6% over the past year.
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
10 hours ago | Simply Wall StIs It Smart To Buy Old Point Financial Corporation (NASDAQ:OPOF) Before It Goes Ex-Dividend?
2 weeks ago | Simply Wall StIf You Had Bought Old Point Financial (NASDAQ:OPOF) Stock Three Years Ago, You'd Be Sitting On A 49% Loss, Today
1 month ago | Simply Wall StHow Does Old Point Financial's (NASDAQ:OPOF) P/E Compare To Its Industry, After Its Big Share Price Gain?
Is Old Point Financial undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: OPOF ($15.03) is trading above our estimate of fair value ($8.48)
Significantly Below Fair Value: OPOF is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: OPOF is poor value based on its PE Ratio (11x) compared to the Banks industry average (9.4x).
PE vs Market: OPOF is good value based on its PE Ratio (11x) 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 good value based on its PB Ratio (0.7x) compared to the US Banks industry average (0.8x).
How is Old Point Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Old Point Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OPOF has high quality earnings.
Growing Profit Margin: OPOF's current net profit margins (14.9%) are higher than last year (13.4%).
Past Earnings Growth Analysis
Earnings Trend: OPOF's earnings have grown by 12% per year over the past 5 years.
Accelerating Growth: OPOF's earnings growth over the past year (17.8%) exceeds its 5-year average (12% per year).
Earnings vs Industry: OPOF earnings growth over the past year (17.8%) exceeded the Banks industry 2.9%.
Return on Equity
High ROE: OPOF's Return on Equity (6.4%) is considered low.
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
Financial Institutions Analysis
Asset Level: OPOF's Assets to Equity ratio (9.7x) is low.
Allowance for Bad Loans: OPOF has a sufficient allowance for bad loans (144%).
Low Risk Liabilities: 94% 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 (70%).
Low Risk Deposits: OPOF's Loans to Deposits ratio (83%) is appropriate.
Level of Bad Loans: OPOF has an appropriate level of bad loans (0.9%).
What is Old Point Financial's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: OPOF's dividend (3.19%) is higher than the bottom 25% of dividend payers in the US market (1.75%).
High Dividend: OPOF's dividend (3.19%) is low compared to the top 25% of dividend payers in the US market (4.71%).
Stability and Growth of Payments
Stable Dividend: OPOF's dividend payments have been volatile in the past 10 years.
Growing Dividend: OPOF's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.2%), 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 and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rob Shuford (54yo)
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 ($USD479.15K) is about average for companies of similar size in the US market ($USD594.79K).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
|Senior VP of Finance & CFO||0.83yr||US$395.42k||0.0086% $6.8k|
|President of Financial Services||12.42yrs||US$402.88k||0.22% $175.7k|
|Secretary & Executive VP of Trust||5.33yrs||US$258.49k||0.62% $488.3k|
|VP & Marketing Director||no data||no data||no data|
|Chief Lending Officer & Senior VP||no data||no data||0.035% $27.1k|
Experienced Management: OPOF's management team is considered experienced (3.1 years average tenure).
|President of Financial Services||12.42yrs||US$402.88k||0.22% $175.7k|
|Independent Director||4yrs||US$41.51k||0.13% $99.2k|
|Chairman Emeritus||0.33yr||US$386.21k||5.71% $4.5m|
|Independent Director||27.08yrs||US$46.11k||0.33% $258.7k|
|Lead Independent Director||no data||US$65.96k||0.28% $220.9k|
|Independent Director||17.33yrs||US$44.26k||2% $1.6m|
|Independent Director||14.33yrs||US$52.26k||1.98% $1.6m|
|Independent Director||10.5yrs||US$36.31k||0.082% $64.0k|
Experienced Board: OPOF's board of directors are seasoned and experienced ( 12.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Old Point Financial Corporation's company bio, employee growth, exchange listings and data sources
- Name: Old Point Financial Corporation
- Ticker: OPOF
- Exchange: NasdaqCM
- Founded: 1922
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$78.449m
- Shares outstanding: 5.22m
- Website: https://www.oldpoint.com
Number of Employees
- Old Point Financial Corporation
- 1 West Mellen Street
- PO Box 3392
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OPOF||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Jan 1998|
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. 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 and real estate mortgage loans, such as residential 1-4 family mortgages, commercial real estate loans, second mortgages, and equity lines of credit; and other loans, as well as cash management services. In addition, the company provides retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, tax, and investment management services; and insurance products. As of March 12, 2019, it operated 19 branches in the Hampton Roads localities of Hampton, Newport News, Norfolk, Virginia Beach, Chesapeake, Williamsburg/James City County, York County, and Isle of Wight County. The company was founded in 1922 and is headquartered in Hampton, Virginia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/28 01:59|
|End of Day Share Price||2020/05/27 00:00|
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.