Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Orrstown Financial Services (ORRF) Stock Price
News headlines about Orrstown Financial Services (NASDAQ:ORRF) have been trending somewhat positive on Monday, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Orrstown Financial Services earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.9937205749768 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Orrstown Financial Services (NASDAQ:ORRF) traded down $0.05 during mid-day trading on Monday, hitting $24.95. 1,400 shares of the stock traded hands, compared to its average volume of 12,885. The stock has a market cap of $208.28, a price-to-earnings ratio of 20.45 and a beta of 0.68. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.44. Orrstown Financial Services has a 1 year low of $18.95 and a 1 year high of $26.95.
Orrstown Financial Services (NASDAQ:ORRF) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. The firm had revenue of $16.34 million for the quarter, compared to analyst estimates of $16.25 million. Orrstown Financial Services had a net margin of 14.58% and a return on equity of 7.15%. sell-side analysts forecast that Orrstown Financial Services will post 1.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Monday, November 6th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, November 3rd. This is a positive change from Orrstown Financial Services’s previous quarterly dividend of $0.10. Orrstown Financial Services’s payout ratio is presently 39.34%.
Several analysts have recently commented on the stock. Keefe, Bruyette & Woods raised shares of Orrstown Financial Services from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $24.00 to $28.00 in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Orrstown Financial Services from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Saturday, July 29th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Orrstown Financial Services in a research report on Friday, October 27th.
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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