Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Old Point Financial Corp (NASDAQ: OPOF) improved during the last several trading days. OPOF’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Old Point Financial Corp (NASDAQ: OPOF) stock rose modestly by 0.6% on 11/17/23. The stock closed at $16.40. The stock has been weak relative to the market over the last nine months and has declined -0.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, OPOF is expected to be a modest Value Builder.
Old Point Financial has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Old Point Financial has a slightly positive Appreciation Score of 64 but a poor Power Rating of 27, and the Low Neutral Value Trend Rating results.
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