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%).