Orrstown Financial Services (NASDAQ:ORRF – Get Free Report) issued its quarterly earnings results on Tuesday. The bank reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.10, Zacks reports. The firm had revenue of $50.45 million for the quarter, compared to analyst estimates of $31.60 million. Orrstown Financial Services had a return on equity of 13.69% and a net margin of 17.26%.
Orrstown Financial Services Trading Up 2.1 %
Shares of Orrstown Financial Services stock traded up $0.72 during trading hours on Thursday, hitting $34.47. The company’s stock had a trading volume of 70,376 shares, compared to its average volume of 71,131. The firm has a fifty day moving average of $27.15 and a 200-day moving average of $26.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $369.52 million, a price-to-earnings ratio of 10.07 and a beta of 0.91. Orrstown Financial Services has a twelve month low of $19.30 and a twelve month high of $34.73.
Orrstown Financial Services Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th will be given a $0.23 dividend. The ex-dividend date is Thursday, August 8th. This represents a $0.92 dividend on an annualized basis and a yield of 2.67%. This is an increase from Orrstown Financial Services’s previous quarterly dividend of $0.20. Orrstown Financial Services’s payout ratio is currently 23.88%.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Orrstown Financial Services
Orrstown Financial Services Company Profile
Orrstown Financial Services, Inc operates as the financial holding company for Orrstown Bank that provides commercial banking and financial advisory services to retail, commercial, non-profit, and government clients in the United States. It accepts various deposits, including checking, savings, time, demand, and money market deposits, as well as certificates of deposit.
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