Orrstown Financial Services (ORRF) Earning Somewhat Favorable News Coverage, Analysis Shows

News headlines about Orrstown Financial Services (NASDAQ:ORRF) have been trending somewhat positive on Monday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Orrstown Financial Services earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.7380615943145 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Shares of Orrstown Financial Services (NASDAQ:ORRF) traded up $0.25 on Monday, reaching $25.55. The company had a trading volume of 6,700 shares, compared to its average volume of 12,072. The stock has a market cap of $213.29, a PE ratio of 20.94 and a beta of 0.66. Orrstown Financial Services has a 1 year low of $19.05 and a 1 year high of $26.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.76 and a quick ratio of 0.76.

Orrstown Financial Services (NASDAQ:ORRF) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $0.34 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.34. The firm had revenue of $16.34 million for the quarter, compared to analysts’ expectations of $16.25 million. Orrstown Financial Services had a return on equity of 7.15% and a net margin of 14.58%. equities analysts anticipate that Orrstown Financial Services will post 1.37 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Monday, November 6th were paid a $0.12 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.88%. This is a boost from Orrstown Financial Services’s previous quarterly dividend of $0.10. Orrstown Financial Services’s dividend payout ratio (DPR) is currently 39.34%.

ORRF has been the topic of a number of analyst reports. Boenning Scattergood reissued a “hold” rating on shares of Orrstown Financial Services in a research note on Friday, October 27th. Zacks Investment Research raised Orrstown Financial Services from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, October 31st.

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About Orrstown Financial Services

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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