Old Point Financial Corporation (OPOF) Company Bio
Old Point Financial Corporation operates as the 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 was founded in 1922 and is based in Hampton, Virginia.
HAMPTON, Va., July 27, 2020 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $2.5 million and earnings per diluted common share of $0.48 for the quarter ended June 30, 2020, as compared to net income of $1.6 million or $0.31…
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]
Old Point Financial Corporation declared a quarterly cash dividend of $0.12 per share on its common stock to be paid on June 26, 2020 to shareholders of record as of June 3, 2020. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $14.35 on May 19, 2020, the dividend yield is approximately 3.3%.
Old Point National Bank (Old Point) announced today that it has helped to save approximately 1,000 small businesses and over 10,000 jobs in its community of Hampton Roads, Virginia. As of May 5th, Old Point has successfully obtained Small Business Administration (SBA) approval for 1,037 loans totaling more than $111 million through the Paycheck Protection Program (PPP). The Bank continues to process loans for existing and new customers while funding is available.