An Insider at Old Point Financial Corp (NASDAQ: OPOF) is Selling Shares

By Carrie Williams

Today, an Insider at Old Point Financial Corp (NASDAQ: OPOF), Eugene M. Jordan, sold shares of OPOF for $14.43K.

Following Eugene M. Jordan’s last OPOF Sell transaction on August 11, 2011, the stock climbed by 18.5%. This is Jordan’s first Sell trade following 4 Buy transactions.

Based on Old Point Financial Corp’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $11.93 million and quarterly net profit of $757K. In comparison, last year the company earned revenue of $10.72 million and had a net profit of $1.33 million. The company has a one-year high of $34.82 and a one-year low of $21.80. OPOF’s market cap is $143M and the company has a P/E ratio of 38.05.

In the last 30 days, insiders have sold $14.43K worth of OPOF shares and purchased $63.39K worth of OPOF shares. The insider sentiment on Old Point Financial Corp has been positive according to 58 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Old Point Financial Corp. operates as a bank holding company, which engages in the provision of banking services through its subsidiaries. It also involves in service bank which offers financial services, from free checking and commercial services to home equity products. The company was founded on February 16, 1984 and is headquartered in Hampton, VA.