News stories about Orrstown Financial Services (NASDAQ:ORRF) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Orrstown Financial Services earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.4076600590176 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several equities analysts have issued reports on ORRF shares. Keefe, Bruyette & Woods upgraded shares of Orrstown Financial Services from a “market perform” rating to an “outperform” rating and upped their target price for the company from $24.00 to $28.00 in a research note on Thursday, July 27th. Zacks Investment Research cut shares of Orrstown Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Boenning Scattergood restated a “hold” rating on shares of Orrstown Financial Services in a research note on Friday, October 27th.
Orrstown Financial Services (ORRF) traded down $0.50 on Friday, reaching $24.95. 8,000 shares of the company’s stock traded hands, compared to its average volume of 12,002. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.44. The company has a market cap of $208.28, a PE ratio of 20.45 and a beta of 0.68. Orrstown Financial Services has a 1-year low of $19.05 and a 1-year high of $26.95.
Orrstown Financial Services (NASDAQ:ORRF) last posted its earnings results on Wednesday, October 25th. The bank reported $0.34 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. The business had revenue of $16.34 million for the quarter, compared to analysts’ expectations of $16.25 million. Orrstown Financial Services had a net margin of 14.58% and a return on equity of 7.15%. research analysts forecast that Orrstown Financial Services will post 1.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Monday, November 6th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, November 3rd. This represents a $0.48 annualized dividend and a yield of 1.92%. This is a boost from Orrstown Financial Services’s previous quarterly dividend of $0.10. Orrstown Financial Services’s dividend payout ratio is currently 39.34%.
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Orrstown Financial Services Company Profile
Orrstown Financial Services, Inc is the bank holding company for Orrstown Bank (the Bank). The Bank is engaged in commercial banking and trust business. The Company operates through Community Banking segment. The Bank’s activities involve accepting demand, time and savings deposits, and granting loans.
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