Orrstown Finl Servs (NASDAQ:ORRF) Stock, Quote.Headers.trade-ideas

Orrstown Finl Servs

Orrstown Financial Services Inc is a holding company engaged in commercial banking and trust business, this involves accepting demand, time and savings deposits, and granting loans. It is also engaged in lending services for commercial, residential, commercial mortgages, construction, municipal, and various forms of consumer lending. Deposit services include checking, savings, time, and money market deposits. It also provides investment and brokerage services through its Financial Advisors division. The Company earns fees from its deposit clients for transaction-based, account maintenance, and overdraft services, it also earns wealth management and investment brokerage fees from its contracts with trust. The company operates in a significant segment - Community Banking.

News

Penny Stocks

Small Cap

Pre-Market Outlook

Markets

Movers

Trading Ideas

ACOR

AESE

ALXO

AMPG

ANCN

AUVI

BAOS

CERT

CKPT

CLPT

CLXT

DBTX

DXYN

EVFM

FLGT

FORA

GMBL

HEAR

HKIB

IMAX

IMRA

JILL

LLIT

MARA

MDLA

Meten EdtechX Education Group Ltd Ordinary Shares

METX

OPEN

ORRF

PHVS

PLXP

POLA

PRPL

PSTV

PTEN

RELI

RETO

RIOT

RMNI

RUBY

SEER

SENS

SIFY

SLGG

TIRX

TSHA

UAMY

WTRH

WTTR

XTLB

Gainers


	Sify Technologies Limited (NASDAQ: SIFY) surged 45.9% to close at $3.94 on Friday. Blackstone Group is in talks for acquiring a minority stake in India’s ICT service &amp; solution provider Sify Technologies, Bloomberg reported.


62 Biggest Movers From Yesterday

Intraday Update

ABCB

ABEV

ACAM

ACBI

ACCO

ACEL

ACER

ACIW

ACLS

ACRS

ACST

ADOM

AEHR

AGRO

AIMC

AINV

AIRT

ALEX

ALGN

ALGT

ALOT

AMAL

AMKR

AMOT

AMPH

AMRB

AMSC

AMWD

ANIK

ANIX

AOSL

APEN

APLE

APOG

APPN

APYX

AQUA

ARCC

ARCO

ARDC

ARDS

ARKR

AROW

ARPO

ASRV

ATKR

ATRS

AVAL

AVNW

AWSM

AXNX

AZUL

Stocks That Hit 52-Week Lows On Thursday

AAOI

AAON

AAWW

ABMD

ABTX

ACGL

ACHC

ACNB

ACRE

ACRX

ADES

ADMA

ADMS

ADPT

ADTN

AERI

AFGC

AFIN

AFMD

AFYA

AGCO

AGLE

AGNC

AIMT

AKCA

AKRX

AKTS

ALBO

ALDX

ALKS

ALLY

ALRM

ALRS

Orrstown Financial Services Inc - Common Stock

Orrstown Financial Services Inc

<p>The Board of Directors declared a cash dividend of $0.23 per common share, payable August 15, 2024, to shareholders of record as of August 8, 2024; this represents an increase in the Company's quarterly cash dividend of $0.03 per share, or 15%.</p>


Dividends

Orrstown Financial Services Increases Quarterly Dividend From $0.20 To $0.23 Per Share

<p>Orrstown Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>) reported quarterly earnings of $0.83 per share which beat the analyst consensus estimate of $0.73 by 13.7 percent. This is a 11.7 percent decrease over earnings of $0.94 per share from the same period last year.  The company reported quarterly sales of $26.10 million which beat the analyst consensus estimate of $25.97 million by 0.51 percent.  This is a 1.03 percent decrease over sales of $26.38 million the same period last year.</p>


Earnings

Earnings Beats

Orrstown Finl Servs Q2 Adj $0.83 Beats $0.73 Estimate, Sales $26.10M Beat $25.97M Estimate

<p>Janney Montgomery Scott  analyst Daniel Cardenas   initiates coverage on Orrstown Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>) with a Buy rating and announces Price Target of $32.</p>


Price Target

Initiation

Analyst Ratings

Janney Montgomery Scott Initiates Coverage On Orrstown Finl Servs with Buy Rating, Announces Price Target of $32

<p>Keefe, Bruyette &amp; Woods  analyst Timothy Switzer   maintains Orrstown Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>) with a Outperform and maintains $32 price target.</p>


Keefe, Bruyette & Woods Maintains Outperform on Orrstown Finl Servs, Maintains $32 Price Target

CVLY

Orrstown Financial Services And Codorus Valley Bancorp Received Requisite Regulatory Approvals And Waivers For Merger Of Equals

Orrstown Financial Services, Inc. And Codorus Valley Bancorp, Inc. Announce Shareholder Approvals For Previously Announced Merger Of Equals

<p>Orrstown Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.73 by 20.55 percent.  The company reported quarterly sales of $26.881 million which beat the analyst consensus estimate of $25.804 million by 4.18 percent.  This is a 2.23 percent increase over sales of $26.294 million the same period last year.</p>


Orrstown Finl Servs Q1 2024 Adj EPS $0.88 Beats $0.73 Estimate, Sales $26.881M Beat $25.804M Estimate

<h3>What is a Value Stock?</h3>
<p>A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. </p>
<h2>The following stocks are considered to be notable value stocks in the financial services sector:</h2>
<ol>
<li><strong>Crescent Capital BDC</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCAP#NASDAQ">CCAP</a>) - P/E: 7.19</li>
<li><strong>Mid Penn Bancorp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPB#NASDAQ">MPB</a>) - P/E: 8.93</li>
<li><strong>Orrstown Finl Servs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>) - P/E: 7.74</li>
<li><strong>Orange County Bancorp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBT#NASDAQ">OBT</a>) - P/E: 8.79</li>
<li><strong>United Security</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBFO#NASDAQ">UBFO</a>) - P/E: 6.45</li>
</ol>
<p>Crescent Capital BDC has reported Q4 earnings per share at $0.61, which has increased by 3.39% compared to Q3, which was 0.59. Most recently, Mid Penn Bancorp reported earnings per share at $0.73, whereas in Q3 earnings per share sat at $0.57. The company's most recent dividend yield sits at 3.35%, which has decreased by 0.86% from 4.21% last quarter. </p>
<p>Most recently, Orrstown Finl Servs reported earnings per share at $0.83, whereas in Q3 earnings per share sat at $0.87. Its most recent dividend yield is at 2.8%, which has decreased by 1.15% from 3.95% in the previous quarter.</p>
<p>Orange County Bancorp saw a decrease in earnings per share from 1.61 in Q3 to $1.44 now. The company's most recent dividend yield sits at 1.92%, which has decreased by 0.06% from 1.98% last quarter. </p>
<p>United Security's earnings per share for Q4 sits at $0.31, whereas in Q3, they were at 0.23. Most recently, the company reported a dividend yield of 5.59%, which has decreased by 1.07% from last quarter's yield of 6.66%.</p>
<p><strong>The Significance:</strong> A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.</p>


CCAP

UBFO

Overview Of Value Stocks In The Financial Services Sector

<p>Friday marks the last chance for investors to receive the next  dividend payout from <strong>Orrstown Finl Servs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Tuesday that it would pay shareholders a quarterly dividend of 20 cents per share. On Monday, Orrstown Finl Servs will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 20 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own ORRF as of the end of Friday's session are eligible to receive the 20 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on February 13, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p><a href="https://www.benzinga.com/quote/ORRF">Monitor live stock price updates for Orrstown Finl Servs on Benzinga.</a></p>


Friday Is Your Last Chance To Buy Orrstown Finl Servs Before The Dividend Payout

<p>Keefe, Bruyette &amp; Woods  analyst Michael Perito   maintains Orrstown Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>) with a Outperform and raises the price target from $30 to $32.</p>


Keefe, Bruyette & Woods Maintains Outperform on Orrstown Finl Servs, Raises Price Target to $32-Report Released on 23 January 2024

<p>Keefe, Bruyette &amp; Woods  analyst Michael Perito   maintains Orrstown Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>) with a Outperform and raises the price target from $26 to $28.</p>


Keefe, Bruyette & Woods Maintains Outperform on Orrstown Finl Servs, Raises Price Target to $28

<p><strong>Orrstown Finl Servs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>) has announced a merger with <strong>Codorus Valley Bancorp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLY#NASDAQ">CVLY</a>) that is expected to be completed in Q3 of 2024.</p>
<p>Under the terms of the agreement, Orrstown Finl Servs has agreed to give Codorus Valley Bancorp $207.00 million in stock in exchange for CVLY stock.</p>
<h3>About The Companies Involved</h3>
<p>Orrstown Financial Services Inc is a holding company engaged in commercial banking and trust business, this involves accepting demand, time and savings deposits, and granting loans. It is also engaged in lending services for commercial, residential, commercial mortgages, construction, municipal, and various forms of consumer lending.</p>
<p>Codorus Valley Bancorp Inc is a United States-based bank holding company. Through its subsidiary, it offers a full range of consumer, business, wealth management, and mortgage services at financial centers located in communities throughout South Central Pennsylvania and Central Maryland.</p>
<h3>How A Merger Works</h3>
<p>A merger happens when a company combines operations with another company. In practice, one company will buy the other company's stock in exchange for its own stock. In some cases, cash is used to pay for the company's stock but usually the companies agree to a stock-for-stock transaction.</p>
<p>Due to the exchange and acquisition of stock, a merger is similar to an acquisition. This is why the two terms are commonly grouped together as mergers and acquisitions (M&amp;A). However, in a merger, the leadership &amp; operations of both companies usually change dramatically, while during an acquisition this is less likely to happen.</p>
<p>Make sure to <a href="https://www.benzinga.com/calendars/m-a"><strong>follow our mergers &amp; acquisitions calendar</strong></a> to stay-up-to-date on the most recent M&amp;A deals.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


General

Financials Company Orrstown Finl Servs Announces Merger With Codorus Valley Bancorp

Codorus Valley To Merge With And Into Orrstown Financial Services In An All-stock Transaction Valued At $207M, Or $21.31 Per Share Of Codorus Valley Common Stock

<p>Orrstown Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>) reported quarterly earnings of $0.87 per share which beat the analyst consensus estimate of $0.81 by 7.41 percent. This is a 16 percent increase over earnings of $0.75 per share from the same period last year.  The company reported quarterly sales of $26.22 million which missed the analyst consensus estimate of $26.24 million by 0.08 percent.  This is a 3.00 percent increase over sales of $25.45 million the same period last year.</p>


Orrstown Finl Servs Q3 EPS $0.87 Beats $0.81 Estimate, Sales $26.22M Miss $26.24M Estimate

<p>Today, August 15, 2023, <b>Orrstown Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>)</b> will distribute a dividend payout of $0.20 per share, highlighting an annualized dividend yield of 3.65%. Shareholders who owned the stock before the ex-dividend date on August 07, 2023 will be eligible for this payout.</p>
<h3>Orrstown Finl Servs Recent Dividend Payouts</h3>
<style>
        table {
            width: 100%;
            border-collapse: collapse;
            font-family: Arial, sans-serif;
            font-size: 14px;
        }

        th, td {
            padding: 8px;
            text-align: left;
        }

        th {
            background-color: #293a5a;
            color: #fff;
            text-align: left;
        }

        tr:nth-child(even) {
            background-color: #f2f4f8;
        }

        tr:hover {
            background-color: #e1e4ea;
        }

        td:nth-child(3), td:nth-child(5) {
            text-align: left;
        }

        .dividend-amount {
            font-weight: bold;
            color: #0d6efd;
        }

        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
        }
    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th align="right"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-08-07</td>
<td align="right">4</td>
<td>$0.2</td>
<td>3.65%</td>
<td>2023-07-25</td>
<td>2023-08-08</td>
<td>2023-08-15</td>
</tr>
<tr>
<td>2023-05-08</td>
<td align="right">4</td>
<td>$0.2</td>
<td>4.27%</td>
<td>2023-04-25</td>
<td>2023-05-09</td>
<td>2023-05-16</td>
</tr>
<tr>
<td>2023-02-06</td>
<td align="right">4</td>
<td>$0.2</td>
<td>3.38%</td>
<td>2023-01-24</td>
<td>2023-02-07</td>
<td>2023-02-14</td>
</tr>
<tr>
<td>2022-10-28</td>
<td align="right">4</td>
<td>$0.19</td>
<td>3.05%</td>
<td>2022-10-18</td>
<td>2022-10-31</td>
<td>2022-11-07</td>
</tr>
<tr>
<td>2022-07-29</td>
<td align="right">4</td>
<td>$0.19</td>
<td>3.12%</td>
<td>2022-07-19</td>
<td>2022-08-01</td>
<td>2022-08-08</td>
</tr>
<tr>
<td>2022-04-29</td>
<td align="right">4</td>
<td>$0.19</td>
<td>3.44%</td>
<td>2022-04-19</td>
<td>2022-05-02</td>
<td>2022-05-09</td>
</tr>
<tr>
<td>2022-01-31</td>
<td align="right">4</td>
<td>$0.19</td>
<td>3.02%</td>
<td>2022-01-19</td>
<td>2022-02-01</td>
<td>2022-02-08</td>
</tr>
<tr>
<td>2021-10-29</td>
<td align="right">4</td>
<td>$0.19</td>
<td>3.21%</td>
<td>2021-10-19</td>
<td>2021-11-01</td>
<td>2021-11-08</td>
</tr>
<tr>
<td>2021-07-30</td>
<td align="right">4</td>
<td>$0.19</td>
<td>3.39%</td>
<td>2021-07-20</td>
<td>2021-08-02</td>
<td>2021-08-09</td>
</tr>
<tr>
<td>2021-04-30</td>
<td align="right">4</td>
<td>$0.18</td>
<td>3.22%</td>
<td>2021-04-20</td>
<td>2021-05-03</td>
<td>2021-05-10</td>
</tr>
<tr>
<td>2021-01-29</td>
<td align="right">4</td>
<td>$0.18</td>
<td>4.09%</td>
<td>2021-01-20</td>
<td>2021-02-01</td>
<td>2021-02-08</td>
</tr>
<tr>
<td>2020-10-30</td>
<td align="right">4</td>
<td>$0.17</td>
<td>5.06%</td>
<td>2020-10-20</td>
<td>2020-11-02</td>
<td>2020-11-09</td>
</tr>
</tbody>
</table>
<p>Orrstown Finl Servs's dividend yield falls in the middle range when compared to its industry peers, with <b>Northrim BanCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIM#NASDAQ">NRIM</a>)</b> having the highest annualized dividend yield at 5.09%.</p>
<h3>Analyzing Orrstown Finl Servs Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2023/1692111917_0.png" alt="dividend chart graph" /></p>
<p>As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $0.60 in 2019 to $0.76 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.</p>
<h3>YoY Earnings Growth For Orrstown Finl Servs</h3>
<p><img src="https://www.benzinga.com/files/images/story/2023/1692111917_1.png" alt="earning chart graph" /></p>
<p>From 2019 to 2022, Orrstown Finl Servs has demonstrated an upward trend in earnings, with earnings per share rising from $1.57 to $2.94. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.</p>
<h3>Recap</h3>
<p>This article delves into the recent dividend payout of Orrstown Finl Servs and its implications for shareholders. Presently, the company is distributing a dividend of $0.20 per share, leading to an annualized dividend yield of 3.65%.</p>
<p>Orrstown Finl Servs's dividend yield falls in the middle range when compared to its industry peers, with Northrim BanCorp having the highest annualized dividend yield at 5.09%.</p>
<p>Given that Orrstown Finl Servs has experienced an increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.</p>
<p>To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.</p>
<p>[Click here](<a href="https://www.benzinga.com/stock//dividends" title="https://www.benzinga.com/stock//dividends">https://www.benzinga.com/stock//dividends</a>) to find details on Orrstown Finl Servs's previous dividends.</p>
<p>To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.  </p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


NRIM

Thriving with Robust Performance: Orrstown Finl Servs Delivers Growing Profits to Investors

<p>Piper Sandler  analyst Casey Orr Whitman   maintains Orrstown Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>) with a Neutral and raises the price target from $20 to $25.</p>


Piper Sandler Maintains Neutral on Orrstown Finl Servs, Raises Price Target to $25

<p>Keefe, Bruyette &amp; Woods  analyst Michael Perito   maintains Orrstown Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>) with a Outperform and raises the price target from $24 to $25.</p>


Keefe, Bruyette & Woods Maintains Outperform on Orrstown Finl Servs, Raises Price Target to $25

<p>Orrstown Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>) reported quarterly earnings of $0.94 per share which beat the analyst consensus estimate of $0.78 by 20.51 percent. This is a 13.25 percent increase over earnings of $0.83 per share from the same period last year.  The company reported quarterly sales of $26.38 million which beat the analyst consensus estimate of $25.79 million by 2.27 percent.  This is a 9.36 percent increase over sales of $24.12 million the same period last year.</p>


Orrstown Finl Servs Q2 EPS $0.94 Beats $0.78 Estimate, Sales $26.38M Beat $25.79M Estimate

<p>Orrstown Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORRF#NASDAQ">ORRF</a>) reported quarterly earnings of $0.87 per share which beat the analyst consensus estimate of $0.86 by 1.16 percent. This is a 14.47 percent increase over earnings of $0.76 per share from the same period last year.  The company reported quarterly sales of $26.29 million which missed the analyst consensus estimate of $29.85 million by 11.91 percent.  This is a 16.48 percent increase over sales of $22.57 million the same period last year.</p>


Orrstown Finl Servs Q1 EPS $0.87 Beats $0.86 Estimate, Sales $26.29M Miss $29.85M Estimate

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Orrstown Finl Servs

Orrstown Finl Servs (ORRF) Forecast

Orrstown Finl Servs (NASDAQ:ORRF) Stock, Quote.Headers.trade-ideas