Summary
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Old Point Financial (OPOF) has shown strong technical indicators with a 22.29% gain since the Trend Seeker buy signal on 12/19.
The Barchart Brief: Your FREE insider update on the biggest news stories and investing trends, delivered midday The bank offers diverse financial services and has a market cap of $152 million, with a P/E ratio of 16.00 and a 1.87% dividend yield.
Barchart's technical indicators show 100% buy signals, a 78.76% gain in the last year, and the stock is above its 20, 50, and 100-day moving averages.
Despite limited Wall Street coverage, CFRAs MarketScope rates OPOF a buy, while MorningStar sees it as fairly valued; investor sentiment is mixed.
The Chart of the Day belongs to the regional bank based in Virginia Old Point Financial (OPOF) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 12/19 the stock gained 22.29%.
OPOF Price vs Daily Moving Averages
OPOF (Barchart)
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 in Virginia. It offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits. The company also provides real estate construction, commercial, and mortgage loans, such as residential 1-4 family mortgages, second mortgages, and equity lines of credit; and other loans. In addition, it offers retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, tax, and investment management services; and insurance products, wealth management, and cash management services. Old Point Financial Corporation was founded in 1922 and is headquartered in Hampton, Virginia.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 100.04+ Weighted Alpha
- 78.76% gain in the last year
- .26 - 60 month Beta
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 25.01% in the last month
- Relative Strength Index 85.61%
- Technical support level at $29.94
- Recently traded at $30.39 with 50 day moving average of $25.92
Fundamental Factors:
- Market Cap $152 million
- P/E 16.00
- 1.87% dividend yield
- Wall Street has yet to discover this bank so there are no analysts Revenue or Earnings projections
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- CFRAs MarketScope rates the stock a buy
- MorningStar thinks the stock is fairly valued
- Of the 21 investors following the bank on Motley Fool 8 think the stock will beat the market and 13 think it won't
- Only 302 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
