Orrstown Financial Services (ORRF) Receives News Sentiment Score of 0.19
News coverage about Orrstown Financial Services (NASDAQ:ORRF) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Orrstown Financial Services earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 47.3130329984394 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Orrstown Financial Services (NASDAQ ORRF) opened at 26.10 on Tuesday. Orrstown Financial Services has a 1-year low of $18.05 and a 1-year high of $26.45. The company has a 50 day moving average of $22.68 and a 200 day moving average of $21.95. The firm has a market cap of $210.57 million, a price-to-earnings ratio of 24.60 and a beta of 0.89.
Orrstown Financial Services (NASDAQ:ORRF) last issued its quarterly earnings data on Wednesday, July 26th. The bank reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.13. Orrstown Financial Services had a net margin of 13.25% and a return on equity of 6.32%. The company had revenue of $16.34 million during the quarter, compared to the consensus estimate of $16.09 million. On average, equities analysts forecast that Orrstown Financial Services will post $1.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 8th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, August 4th. Orrstown Financial Services’s dividend payout ratio (DPR) is currently 37.74%.
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded 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 report on Saturday, July 29th. Keefe, Bruyette & Woods upgraded shares of Orrstown Financial Services from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $24.00 to $28.00 in a report on Thursday, July 27th.
In related news, Director Anthony F. Ceddia sold 1,250 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $20.31, for a total value of $25,387.50. Following the completion of the transaction, the director now owns 8,312 shares of the company’s stock, valued at $168,816.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 2,508 shares of company stock valued at $52,850. 5.40% of the stock is owned by insiders.
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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