The President of Old Point Financial (NASDAQ: OPOF) is Buying Shares

By Carrie Williams

Today, the President of Old Point Financial (OPOFResearch Report), Joseph Witt, bought shares of OPOF for $1,123.

In addition to Joseph Witt, one other OPOF executive reported Buy trades in the last month.

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Based on Old Point Financial’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $12.63 million and quarterly net profit of $1.84 million. In comparison, last year the company earned revenue of $11.55 million and had a net profit of $2.49 million. The company has a one-year high of $26.26 and a one-year low of $14.79. Currently, Old Point Financial has an average volume of 806.

The insider sentiment on Old Point Financial has been positive according to 36 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.