Oregon Bancorp Inc (OTCMKTS:ORBN) Stock On Radar After Quarterly Dividend

One of the companies to have come into focus among investors in recent days is Oregon Bancorp Inc (OTCMKTS:ORBN). Before delving into the latest news about the company it may be a good idea to take a look at the nature of the company’s operations.

Market Stats

On Friday, ORBN stock was down 2.44% to $33.16 with 191 shares, compared to its average volume of 858 shares. The stock moved within a range of $33.16 – 33.16 after opening trading at $33.16.

Oregon Bancorp Announces Quarterly Dividend

Oregon Bancorp is actually the parent company of the Salem, Oregon based community bank Willamette Valley Bank. The bank is involved in providing retail and commercial banking services from its four full service branches at Albany, Salem, Silverton and Keizer. It also operates as many as 13 home loan centers.

Oregon Bancorp came into focus last Friday after it announced that its Board of Directors had approved a dividend pay of $0.52 a share for the quarter. The dividend is going to paid out on October 14, 2022 to all shareholders of record as on October 3, 2022.

Companies which announce dividends are almost always in focus among investors and it is now going to be interesting to see if the Oregon Bancorp stock gets any action in the lead up to the record date. It could well be a good move to keep track of the stock over the coming days.

Traders Corner

ORBN stock is trading above the 20-Day and 50-Day Moving averages of $32 and $32 respectively. However, the stock is trading below the 200-Day moving average of $40.