Orrstown Financial Services Inc (ORRF) To Go Ex-Dividend on May 5th

Orrstown Financial Services Inc (NASDAQ:ORRF) announced a quarterly dividend on Monday, April 20th. Stockholders of record on Tuesday, May 5th will be paid a dividend of 0.30 per share by the bank on Tuesday, May 12th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, May 5th.

Orrstown Financial Services has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 10 years. Orrstown Financial Services has a dividend payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Orrstown Financial Services to earn $4.40 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 27.3%.

Orrstown Financial Services Trading Up 1.2%

Shares of NASDAQ:ORRF opened at $37.19 on Friday. Orrstown Financial Services has a 1 year low of $29.31 and a 1 year high of $40.72. The firm has a market capitalization of $729.67 million, a price-to-earnings ratio of 8.51 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.86. The business’s 50 day moving average price is $36.37 and its 200-day moving average price is $36.01.

Orrstown Financial Services (NASDAQ:ORRF) last announced its earnings results on Tuesday, April 21st. The bank reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.08. Orrstown Financial Services had a return on equity of 14.96% and a net margin of 23.58%.The firm had revenue of $64.58 million for the quarter, compared to analyst estimates of $63.20 million. On average, equities research analysts forecast that Orrstown Financial Services will post 4.33 earnings per share for the current fiscal year.

About Orrstown Financial Services

Orrstown Financial Services, Inc is the bank holding company for Orrstown Bank, a community banking organization headquartered in Shippensburg, Pennsylvania. The roots of Orrstown Bank date back to 1865, and the holding company structure was established to support its growth and diversification. As a regional financial institution, Orrstown Financial Services focuses on delivering personalized banking solutions to individuals, families and businesses across Central Pennsylvania.

The company’s core offerings include a full suite of deposit products such as checking and savings accounts, money market accounts and certificates of deposit.