Previous close | 26.24 |
Open | 26.75 |
Bid | 26.23 x 100 |
Ask | 26.39 x 200 |
Day's range | 25.96 - 26.40 |
52-week range | 15.52 - 29.79 |
Volume | |
Avg. volume | 43,603 |
Market cap | 281.959M |
Beta (5Y monthly) | 0.87 |
PE ratio (TTM) | 7.70 |
EPS (TTM) | 3.42 |
Earnings date | 23 Jul 2024 - 29 Jul 2024 |
Forward dividend & yield | 0.80 (3.05%) |
Ex-dividend date | 06 May 2024 |
1y target est | 31.33 |
Robust Performance Amidst Merger Activities and Improved Credit Conditions
Orrstown (ORRF) delivered earnings and revenue surprises of 20.55% and 4.69%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Net income of $8.5 million and diluted earnings per share of $0.81 for the three months ended March 31, 2024 compared to net income of $7.6 million and diluted earnings per share of $0.73 for the three months ended December 31, 2023;Excluding the impact of $0.7 million in expenses related to the pending merger of equals transaction with Codorus Valley Bancorp, Inc., net income and diluted earnings per share, respectively, were $9.2 million(1) and $0.88(1) for the first quarter of 2024 compared t