OPOF OLD POINT FINANCIAL CORP Insider Trading

Director Sarah B Golden purchases 2,395 shares at blended $18.76 average; holdings rise 56.9% to 6.6K shares at OLD POINT FINANCIAL CORP.

Sarah B Golden executed 4 separate purchases totaling 2,395 shares for $44,935.95, increasing her stake by 56.9% from 4,210 to 6,605 shares over a four-day window (July 30–August 2). The blended average purchase price of $18.76 is near the current price of $18.74, and the stock has appreciated 27.0% over the prior 30 days and 34.0% over 90 days, trading within its 52-week range at 10.8% below the high. Her historical track record across all tickers shows 18 prior buys with a 72.22% win rate at the 90-day mark; at OPOF specifically, 3 of 5 prior buys resulted in positive 90-day returns. The company exhibits strong fundamentals with annual revenue growth of +30.8%, a P/E of 14.99, and net income of $1.7M on quarterly revenue of $20.6M, providing a favorable backdrop for the accumulation.

OPOF President Joseph Witt buys 70 shares at $19.32 on 2024-07-31; stock now at $18.73, up 27.8% in 30 days.

Joseph Witt, President and Financial Services CSO at OLD POINT FINANCIAL CORP, purchased 70 shares at $19.32 on 2024-07-31, bringing his total holdings to 21,976 shares. The transaction was modest in scale ($1,352.40 total value, a 0.3% increase to his existing position). At Witt's prior trades at this ticker, 2 of 3 measurable outcomes showed positive 90-day returns (+12.8% and +20.3%), indicating a historical pattern of capturing upside on his OPOF purchases. The stock has since gained 27.8% over 30 days and currently trades at $18.73, down 11.6% from its 52-week high of $21.20. The company shows solid fundamentals with revenue growth of 30.8% year-over-year, a P/E of 14.98, and recent quarterly revenue of $20.6M with net income of $1.7M. However, this single small purchase should be contextualized within Witt's cross-ticker track record, which shows mixed results (66.67% 90-day win rate but an average 90d return of only +1.5%).

PL Capital Advisors (10% owner) purchased 83,169 shares of OPOF at $14.80 on 2024-06-13; stock down 31.4% from 52-week high.

PL Capital Advisors executed a $1,230,809.71 purchase of 83,169 shares, growing its stake from 637.7K to 720.9K shares (+13.0%). The transaction occurred in early June 2024 at $14.80 per share, when OPOF was down 31.4% from its 52-week high of $21.20. Notably, this is the fifth consecutive buy by this insider in just over two weeks (May 17 through June 13), suggesting sustained conviction despite the stock's recent weakness. The acquirer's cross-ticker track record shows 14 prior open-market buys with a 100% win rate at the 90-day mark and average 90-day returns of +13.2%, though this same-ticker history is not yet measurable. Fundamentals remain positive: the company posted +30.8% annual revenue growth and trades at a 11.64 P/E with $73.8M market cap, though current price of $14.55 is down 2.5% over 30 days.