OPOF Intrinsic Stock Value – Old Point Financial Share Price Surges Above Two Hundred Day Moving Average to Record High of $25.44 in 2023.
March 25, 2023
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Old Point Financial ($NASDAQ:OPOF) has had an impressive run this year, with its share price surging above its two hundred day moving average of $25.44. This is great news for shareholders and marks a significant milestone for the company in its journey towards success. In the past year, the company has reported strong quarterly earnings, with a bolstered balance sheet and robust liquidity position. Furthermore, management has executed a successful strategy that has centered around expanding its customer base, increasing its revenues, and reducing its cost base. Old Point Financial’s success has been reflected in its share price, which has jumped to new heights this year.
This is indicative of the positive sentiment that investors have towards the company and its future prospects. The increased share price is a testament to the hard work and dedication that the management team has put in to create a successful and profitable business. This will be great news for shareholders who have seen their investments appreciate significantly this year. Investors should remain confident that Old Point Financial is well-positioned to continue delivering strong returns to its shareholders in the future.
Share Price
At the time of writing, media exposure surrounding the company is mostly positive. However, at the market’s close on Friday, the stock opened at $25.2 and closed at $24.0, a 5.5% drop from its previous closing price of 25.4. This drop in share price still has not affected the overall upward trend of Old Point Financial’s share prices since the beginning of 2023, leaving investors feeling optimistic about the future of the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for OPOF. More…
| Total Revenues | Net Income | Net Margin |
| – | 9.11 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for OPOF. More…
| Operations | Investing | Financing |
| 23.18 | -60.73 | 105.04 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for OPOF. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.36k | 1.26k | – |
Key Ratios Snapshot
Some of the financial key ratios for OPOF are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.4% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – OPOF Intrinsic Stock Value
At GoodWhale, we analyze OLD POINT FINANCIAL’s financials to help investors make informed decisions. Our proprietary Valuation Line enables us to calculate the intrinsic value of their share, which is currently estimated to be around $23.7. We find that the current price of OLD POINT FINANCIAL’s stock is $24.0 – a fair price that is slightly overvalued by 1.2%. With our tools, investors can be confident in their decisions when evaluating OLD POINT FINANCIAL’s stock. More…
Peers
The banking industry is highly competitive, with numerous banks vying for market share. This is especially true in the Hampton Roads area of Virginia, where Old Point Financial Corp competes against Atlantic Union Bankshares Corp, Hamlin Bank and Trust Co, and Amalgamated Financial Corp. All four of these banks are well-established and have loyal customer bases. They all offer similar products and services, so the competition is fierce. Old Point has been able to stay ahead of its competitors by offering superior customer service, innovative products, and convenient locations.
– Atlantic Union Bankshares Corp ($NASDAQ:AUB)
Union Bankshares, Inc. operates as the bank holding company for Atlantic Union Bank that provides retail and commercial banking products and services to individuals and businesses in Virginia and North Carolina. As of December 31, 2020, the company operated through 86 branches in Virginia and North Carolina.
– Hamlin Bank and Trust Co ($OTCPK:HMLN)
As of 2022, Hamlin Bank and Trust Co has a market capitalization of 58.37 million. The company is a regional bank that operates in Pennsylvania, New York, and Ohio. It offers a full range of banking and trust services to its customers.
– Amalgamated Financial Corp ($NASDAQ:AMAL)
Amalgamated Financial Corp is a holding company that operates through its subsidiaries in the insurance, banking, and investment industries. The company has a market cap of 742.88M as of 2022. Amalgamated Financial Corp’s subsidiaries include Amalgamated Life Insurance Company, Amalgamated Bank, and Amalgamated Investments, Inc.
Summary
Old Point Financial has seen a surge in its stock price above its two hundred day moving average to a record high of $25.44 in 2023. The media coverage of the share price movement has been mostly positive. Unfortunately, the stock price moved down the same day.
Investing analysis of Old Point Financial should focus on the reasons behind the sudden spike in the stock price, if it is of a long-term nature or just a short-term phenomenon and the potential future implications of the share price movement. Investors should also bear in mind that share prices can move up and down quickly and as such, they should make sure to do their due diligence and research before investing in a stock.
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