Why These 15 Financial Services Stocks Are Surging In 2025

11. Old Point Financial Corp (NASDAQ:OPOF)

Number of Hedge Fund Holders In Q4 2024: 2

Old Point Financial Corp (NASDAQ:OPOF) is a community-focused bank holding company headquartered in Hampton, Virginia, offering retail and commercial banking, wealth management, mortgage, and insurance services through its subsidiaries and branches in the Hampton Roads region.

The stock is up significantly so far in 2025. It is almost entirely due to the announcement on April 3, 2025, that Old Point will merge with TowneBank. Under the merger agreement, Old Point shareholders can elect to receive either $41.00 in cash or 1.14 shares of TowneBank stock per Old Point share, valuing the transaction at approximately $203 million.

This deal implies a significant premium to Old Point’s pre-announcement share price and immediately drove the stock up by more than 40% in a single session, well above the 5% threshold.

The merger is expected to create a stronger platform for growth and enhanced value for shareholders, customers, and employees. In its Q1 2025 results, Old Point reported net income of $2.2 million, up 26% year-over-year, with modest growth in assets and deposits. However, the financial results were overshadowed by the merger news, which is the clear and overwhelming reason for the stock’s surge in 2025.

OPOF stock is up 49.73% year-to-date.