Orrstown Financial Services (NASDAQ:ORRF – Get Free Report) announced its quarterly earnings data on Tuesday. The bank reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.10, Zacks reports. The firm had revenue of $50.45 million during the quarter, compared to analysts’ expectations of $31.60 million. Orrstown Financial Services had a net margin of 17.26% and a return on equity of 13.69%.
Orrstown Financial Services Stock Up 3.1 %
Shares of NASDAQ:ORRF traded up $1.03 during mid-day trading on Thursday, hitting $34.78. 161,567 shares of the company traded hands, compared to its average volume of 71,773. The firm’s 50 day simple moving average is $27.15 and its 200 day simple moving average is $26.86. The firm has a market cap of $372.84 million, a P/E ratio of 10.37 and a beta of 0.91. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 0.88. Orrstown Financial Services has a 52-week low of $19.30 and a 52-week high of $35.23.
Orrstown Financial Services Increases Dividend
The business also recently disclosed 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 of this dividend is Thursday, August 8th. This is a positive change from Orrstown Financial Services’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a yield of 2.65%. Orrstown Financial Services’s dividend payout ratio (DPR) is 23.88%.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on ORRF
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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