Orrstown Financial Services Inc (ORRF) News
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Latest ORRF News From Around the Web
Below are the latest news stories about Orrstown Financial Services Inc that investors may wish to consider to help them evaluate ORRF as an investment opportunity.
Diluted fourth quarter 2020 EPS of $0.91 per share versus $0.45 per share in the third quarter of 2020 due to robust revenue growth combined with expense reductions; full year diluted EPS of $2.40 per shareTangible book value per share(1) increased to $19.93 at December 31, 2020 from $18.70 at September 30, 2020 and $17.65 at December 31, 2019, an increase of 12.9% for fiscal year 2020Small Business Administration Paycheck Protection Program ("SBA PPP") portfolio averaged $443 million in the three months ended December 31, 2020; $5.8 million of unearned net processing fees at December 31, 2020Continued efforts to assist clients, employees and communities affected by COVID-19; active participant in new round of SBA PPP lending in January 2021Net interest income solidly higher at $23.7 mi...
Orrstown (ORRF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also...
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
We have narrowed down our search to five small-cap stocks with a favorable Zacks Rank that popped more than 7% in the past week - World Acceptance (WRLD), Northrim BanCorp (NRIM), South Plains Financial (SPFI), Orrstown Financial (ORRF) and Chemung Financial (CHMG).
Income Investors Should Know That Orrstown Financial Services, Inc. (NASDAQ:ORRF) Goes Ex-Dividend Soon
It looks like Orrstown Financial Services, Inc. (NASDAQ:ORRF) is about to go ex-dividend in the next four days. If you...
Orrstown Financial Services, Inc. Announces Focus on Strategic Investments and Operational Efficiencies
SHIPPENSBURG, Pa., Sept. 24, 2020 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. ("Orrstown"), the holding company for Orrstown Bank (the "Bank") is announcing a series of steps to adjust its near-term tactical plans due to the COVID-19 pandemic. These changes involve the consolidation of six branch locations, the elimination of excess back office space and certain staffing model adjustments. These initiatives are expected to generate approximately $4 million of pre-tax annual expense savings once completed, with a one-time pre-tax charge of approximately $1.5 million to be incurred in the third quarter of 2020. Additional strategies are being developed for 2021 to maintain fee-based revenue at levels above historical trends and to continue to optimize the balance sheet mix durin...
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...
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