Orrstown Financial Services Inc. (ORRF) Sets New 12-Month High at $19.95
Shares of Orrstown Financial Services Inc. (NASDAQ:ORRF) hit a new 52-week high on Friday . The stock traded as high as $19.95 and last traded at $19.93, with a volume of 28,754 shares. The stock had previously closed at $19.68.
Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Orrstown Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Orrstown Financial Services from $20.50 to $21.50 and gave the stock an “outperform” rating in a research report on Friday, July 29th.
The company has a market capitalization of $165.02 million and a price-to-earnings ratio of 22.65. The firm has a 50 day moving average of $19.08 and a 200 day moving average of $18.25.
Orrstown Financial Services (NASDAQ:ORRF) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.13. Analysts expect that Orrstown Financial Services Inc. will post $0.90 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Wednesday, August 10th will be issued a $0.09 dividend. The ex-dividend date is Monday, August 8th. This represents a $0.36 annualized dividend and a yield of 1.81%.
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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