Old Point Financial Corp. (OPOF) Stock Split History

Old Point Financial Corp. has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on November 05, 2002 with the ratio of 3-for-2, meaning that for 2 shares of OPOF owned pre-split, shareholders then owned 3 shares. The most recent stock split took place on October 02, 2007 on a 5-for-4 basis.

These actions have increased OPOF stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on Old Point Financial Corp.'s total market capitalization.

For more detailed information of Old Point Financial Corp.'s stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Old Point Financial Corp. has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when OPOF stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Old Point Financial Corp.'s board of directors. Typically, no action is taken until its price per share reaches a specific threshold.