Orrstown Financial Services (ORRF) News Today

Orrstown Financial Services, Inc. (NASDAQ:ORRF) declared a quarterly dividend on Tuesday, July 23rd. Stockholders of record on Thursday, August 8th will be paid a dividend of 0.23 per share by the bank on Thursday, August 15th. This represents a $0.92 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Thursday, August 8th. This is an increase from Orrstown Financial Services's previous quarterly dividend of $0.20.

Orrstown Financial Services (NASDAQ:ORRF - Get Free Report) released its quarterly earnings results on Tuesday. The bank reported $0.83 EPS for the quarter, beating the consensus estimate of $0.73 by $0.10. Orrstown Financial Services had a net margin of 18.99% and a return on equity of 14.31%. The firm had revenue of $50.45 million during the quarter, compared to the consensus estimate of $31.60 million.

Orrstown Financial Services, Inc. (NASDAQ:ORRF - Get Free Report) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 992,400 shares, an increase of 96.7% from the June 15th total of 504,500 shares. Based on an average daily volume of 95,600 shares, the days-to-cover ratio is currently 10.4 days.

Orrstown Financial Services (NASDAQ:ORRF) Share Price Passes Above 200 Day Moving Average of $26.81

Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $32.00 target price on shares of Orrstown Financial Services in a report on Tuesday.

Orrstown Financial Services, Inc. (NASDAQ:ORRF - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 349,500 shares, a growth of 49.3% from the April 30th total of 234,100 shares. Currently, 3.5% of the company's shares are sold short. Based on an average trading volume of 54,100 shares, the short-interest ratio is currently 6.5 days.

Orrstown Financial Services, Inc. (NASDAQ:ORRF) announced a quarterly dividend on Tuesday, April 23rd. Shareholders of record on Tuesday, May 7th will be given a dividend of 0.20 per share by the bank on Tuesday, May 14th. This represents a $0.80 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Monday, May 6th.

Hovde Group decreased their target price on shares of Orrstown Financial Services from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Wednesday.

Fmr LLC grew its holdings in Orrstown Financial Services, Inc. (NASDAQ:ORRF - Free Report) by 18.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 693,031 shares of the bank's stock after purchasing an additional 110,197 share

Orrstown Financial Services (NASDAQ:ORRF) Share Price Crosses Above 200-Day Moving Average of $24.30

Orrstown Financial Services, Inc. (NASDAQ:ORRF - Get Free Report) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 74,400 shares, a decrease of 7.0% from the January 15th total of 80,000 shares. Based on an average trading volume of 33,900 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.7% of the shares of the stock are sold short.

Orrstown Financial Services (NASDAQ:ORRF) Shares Cross Above Two Hundred Day Moving Average of $23.86

Keefe, Bruyette & Woods lifted their price target on shares of Orrstown Financial Services from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday.

Orrstown Financial Services, Inc. (NASDAQ:ORRF) announced a quarterly dividend on Tuesday, January 23rd. Stockholders of record on Tuesday, February 6th will be given a dividend of 0.20 per share by the bank on Tuesday, February 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Monday, February 5th.

Keefe, Bruyette & Woods upped their target price on shares of Orrstown Financial Services from $26.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday.