Notable Insider Trading: Old Point Financial Corporation $OPOF

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Old Point Financial Corporation (OPOF) insiders have most recently took part in a trading activity. On Aug 30, 2017 Glasser Michael A, Director bought 33 shares having total worth of $1,005 at the price of $30.44 per share, following the transaction a total of 3,029 shares owned by Glasser Michael A. Before this latest buy, Glasser Michael A purchased OPOF at 2 other times during the past twelve months, for a total investment of $1,352 at an average of $29.99 per share.

On the same day, Langley Tom B, Director bought 33 shares having total worth of $1,005 at the price of $30.44 per share, following the transaction a total of 4,234 shares owned by Langley Tom B.

Furthermore, over the past 12 months , the stock was traded 6 times by insiders. In 1 of these trades, the insider was a seller while an employee of the company was the buyer in 5 instances.

Shares of Old Point Financial Corporation (OPOF) traded down 0.56% on Sep 19, 2017, hitting $30.32. 11,423 shares of the company’s stock traded hands. Old Point Financial Corporation has a 52 week low of $18.51 and a 52 week high of $34.2. The company’s market cap is $106 million.

Old Point Financial Corporation was incorporated under the laws of Virginia on February 16, 1984. It is a holding company that conducts all of its operations through its two subsidiaries: The Old Point National Bank of Phoebus (the ‘Bank’) and Old Point Trust and Financial Services, N.A. (the ‘Trust’). The Bank is a national banking association that was founded in 1922. The Bank offers a complete line of consumer, mortgage and business banking services, including loan, deposit, and cash management services to individual and business customers. The Bank services individual and commercial customers, the majority of which are in Hampton Roads, Virginia. Trust offers a full range of services for individuals and businesses. Its products and services include retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, tax services and investment management services. The Company competes by emphasizing customer service and technology, establishing long-term customer relationships and building customer loyalty, and providing products and services to address the specific needs of the Company’s customers. The Company competes by emphasizing customer service and technology, establishing long-term customer relationships and building customer loyalty, and providing products and services to address the specific needs of the Company’s customers. It subject to regulation by federal, state and local governmental authorities and is subject to various laws and judicial and administrative decisions imposing requirements and restrictions on part or all of operations.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.