SALEM, Ore. - Oregon Bancorp, Inc. (OTCBB: ORBN), the holding company for Willamette Valley Bank, has announced a quarterly dividend payment to its shareholders. The declared dividend of $0.20 per share is scheduled to be paid on October 15, 2024, to shareholders who are on record as of October 1, 2024.
The company, which operates as a community bank with four full-service branches in Salem, Keizer, Silverton, and Albany, Oregon, also manages six Home Loan Centers across Oregon and Idaho. This dividend declaration reflects the company's continued commitment to providing value to its shareholders.
It is important for investors to note that while the company has made forward-looking statements regarding its beliefs and expectations in the press release, these are based on current plans, estimates, and projections. As such, they should not be overly relied upon as they are subject to inherent risks and uncertainties. The company has emphasized that actual results could significantly differ from those projected in any forward-looking statements and that it does not intend to update any such statements with new information or future events.
This dividend announcement is based on a press release issued by Oregon Bancorp, Inc. and does not include any speculative information. It is a factual report on the company's financial distribution to its shareholders for the specified period.
InvestingPro Insights
Oregon Bancorp, Inc. (OTCBB: ORBN) has not only declared a steady dividend but also boasts a notable track record of maintaining dividend payments for 10 consecutive years, an affirmation of its commitment to shareholder returns. This consistency is a reflection of the company's financial stability and its ability to generate profits, as evidenced by being profitable over the last twelve months. These aspects are particularly important for income-focused investors looking for reliable dividend stocks.
On the financial front, Oregon Bancorp's market capitalization stands at a modest $48.27 million. The company's price-to-earnings (P/E) ratio, a key metric for valuing a company, is currently at 17.22, with a slight increase to 18.41 when adjusted for the last twelve months as of Q2 2024. This suggests that the company is reasonably valued in comparison to its earnings. Despite a challenging revenue growth rate of -24.87% over the last year, the company's operating income margin remains strong at 13.16%, highlighting its ability to manage operational costs effectively.
For those interested in the company's stock performance, the dividend yield as of the latest data stands at an attractive 4.06%. However, it's noteworthy that the dividend growth rate has seen a significant decrease of -61.54% in the same period. Investors may want to consider these figures alongside the company's historical performance, which includes a high return over the last decade, as per InvestingPro Tips. For a deeper analysis and more InvestingPro Tips on Oregon Bancorp, Inc., investors can visit the dedicated page at InvestingPro, which features a total of 4 additional tips to help make informed investment decisions.
As the next earnings date approaches on October 18, 2024, investors will be keen to assess whether the recent financial trends will continue and how they might influence the company's capacity to sustain its dividend payments in the future. The InvestingPro Fair Value estimate of $16.29 also provides a benchmark for investors to consider if the current stock price aligns with the company's intrinsic value.
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