Old Point Financial is a bank holding company that conducts substantially all of its operations through two subsidiaries, The Old Point National Bank of Phoebus (the Bank) and Old Point Trust & Financial Services, N.A. (Wealth). The Bank provides a range of deposit and loan products to its retail and commercial customers, including mortgage loan products provided through Old Point Mortgage, LLC. An array of insurance products is also provided through Old Point Insurance, LLC. Wealth provides a range of services, including retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, tax services and investment management services. We show 57 historical shares outstanding datapoints in our OPOF shares outstanding history coverage, used to compute OPOF market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing OPOF market cap history over the course of time is important for investors
interested in comparing OPOF's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of OPOF versus a peer is one thing; comparing
OPOF market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like OPOF can fluctuate over the course of history.
With this page we aim to empower investors researching OPOF by allowing them to research the OPOF market cap history. |
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Video: The Importance of Market Cap
