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Joseph Witt Biography and Net Worth

Insider of Old Point Financial

Joseph R. Witt – Mr. Witt received his B.S. in Commerce from the University of Virginia, his M.B.A. from the University of Richmond and is a licensed Certified Public Accountant in the Commonwealth of Virginia. He worked as an auditor and tax accountant for international accounting firms for five years after graduating from college with a degree in Accounting. He spent eight years as Director of Finance for a national medical distribution company. He joined Ferguson Enterprises in 1996 as Corporate Controller and then served as Ferguson’s Corporate Treasurer from 1999 to 2008. Mr. Witt joined the Bank in 2008 as an Executive Vice President to lead the Corporate Banking area. In 2012, he was promoted to Senior Executive Vice President and Chief Administrative Officer with executive responsibility for Commercial Lending, Treasury Services, Credit Administration, Finance, Human Resources and Old Point Mortgage, LLC. In 2015, Mr. Witt was promoted to Senior Executive Vice President and Chief Business Development Officer. In January 2020, he was appointed to Executive Vice President/Financial Services of the Company and Chief Strategy Officer & President, Financial Services of the Bank. His primary responsibilities include development and execution of the strategic plan, oversight of fee based business and expanding lines of business. He is active in many civic and professional organizations in the community and serves on many of the Company’s internal committees, as well as on the Trust Company Board. The Board feels that Mr. Witt’s extensive financial education and experience make him an asset to the Company’s Board.

What is Joseph R. Witt's net worth?: The estimated net worth of Joseph R. Witt is at least $281,969.60 as of October 31st, 2023. Mr. Witt owns 19,052 shares of Old Point Financial stock worth more than $281,970 as of April 25th. This net worth estimate does not reflect any other assets that Mr. Witt may own. Additionally, Mr. Witt receives an annual salary of $484,630.00 as Insider at Old Point Financial. Learn More about Joseph R. Witt's net worth.
How old is Joseph R. Witt?: Mr. Witt is currently 63 years old. There are 7 older executives and no younger executives at Old Point Financial. The oldest executive at Old Point Financial is Mr. Thomas L. Hotchkiss, Chief Credit Officer & Executive VP of Old Point National Bank, who is 69 years old. Learn More on Joseph R. Witt's age.
What is Joseph R. Witt's salary?: As the Insider of Old Point Financial Co., Mr. Witt earns $484,630.00 per year. The highest earning executive at Old Point Financial is Mr. Robert F. Shuford Jr., Chairman, CEO & President, who commands a salary of $545,690.00 per year. Learn More on Joseph R. Witt's salary.
How do I contact Joseph R. Witt?: The corporate mailing address for Mr. Witt and other Old Point Financial executives is 101 EAST QUEEN STREET, HAMPTON VA, 23669. Old Point Financial can also be reached via phone at (757) 728-1200 and via email at [email protected]. Learn More on Joseph R. Witt's contact information.
Has Joseph R. Witt been buying or selling shares of Old Point Financial?: Joseph R. Witt has not been actively trading shares of Old Point Financial during the last quarter. Most recently, on Tuesday, October 31st, Joseph R. Witt bought 80 shares of Old Point Financial stock. The stock was acquired at an average cost of $16.10 per share, with a total value of $1,288.00. Following the completion of the transaction, the insider now directly owns 19,052 shares of the company's stock, valued at $306,737.20. Learn More on Joseph R. Witt's trading history.
Who are Old Point Financial's active insiders?: Old Point Financial's insider roster includes Stephen Adams (Director), Michael Glasser (Director), A. Kauders, Jr. (SVP), William Keefe (Director), Susan Ralston (COO), Elizabeth Wash (Director), and Joseph Witt (Insider). Learn More on Old Point Financial's active insiders.
Are insiders buying or selling shares of Old Point Financial?: During the last twelve months, Old Point Financial insiders bought shares 21 times. They purchased a total of 4,108 shares worth more than $68,878.18. The most recent insider tranaction occured on December, 5th when Director Sarah B Golden bought 59 shares worth more than $1,000.05. Insiders at Old Point Financial own 16.3% of the company. Learn More about insider trades at Old Point Financial.
Information on this page was last updated on 12/5/2023.

Joseph R. Witt Insider Trading History at Old Point Financial

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
10/31/2023	Buy	80	$16.10	$1,288.00	19,052
7/31/2023	Buy	65	$21.25	$1,381.25	18,952
11/4/2022	Buy	31	$27.00	$837.00	16,635
8/11/2022	Buy	50	$23.70	$1,185.00	16,580
5/4/2022	Buy	85	$26.00	$2,210.00	16,517
11/1/2021	Buy	50	$22.00	$1,100.00
8/2/2021	Buy	50	$22.48	$1,124.00	15,001
5/27/2021	Buy	40	$23.26	$930.40	14,943
6/5/2018	Buy	135	$27.75	$3,746.25	10,173
2/22/2016	Buy	40	$18.81	$752.40	8,510
5/13/2014	Buy	1,250	$15.01	$18,762.50
5/22/2013	Buy	1,000	$12.80	$12,800.00

Joseph R. Witt Buying and Selling Activity at Old Point Financial

Old Point Financial Company Overview

Old Point Financial Corporation operates as the bank holding company for The Old Point National Bank of Phoebus that provides consumer, mortgage, and business banking services for individual and commercial customers in Virginia. It offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits. The company also provides real estate construction, commercial, and mortgage loans, such as residential 1-4 family mortgages, second mortgages, and equity lines of credit; and other loans. In addition, it offers retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, tax, and investment management services; and insurance products, wealth management, and cash management services. Old Point Financial Corporation was founded in 1922 and is headquartered in Hampton, Virginia.

Today's Range

Now: $14.80

$14.50

$15.05

50 Day Range

MA: $16.34

$14.61

$17.75

2 Week Range

Now: $14.80

$14.00

$23.24

Volume

3,504 shs

Average Volume

3,103 shs

Market Capitalization

$74.30 million

P/E Ratio

9.61

Dividend Yield

3.76%

Beta

0.2

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Joseph Witt Biography and Net Worth

What is Joseph R. Witt's net worth?

How old is Joseph R. Witt?

What is Joseph R. Witt's salary?

How do I contact Joseph R. Witt?

Has Joseph R. Witt been buying or selling shares of Old Point Financial?

Who are Old Point Financial's active insiders?

Are insiders buying or selling shares of Old Point Financial?