Bank of Oak Ridge (OTCMKTS:BKOR), on September 13, 2022, has announced a brand new partnership platform – Digital Investment Advisor – with Detalus Advisors and Marstone. The goal is to provide new clients and the Triad community with a more convenient way to invest.
Trading Data
On Tuesday, BKOR stock ended flat at $19.11 with 1 share, compared to its average volume 1.41K shares. The stock moved within a range of $19.11 – 19.11 after opening trade at $19.11.
Bank of Oak Ridge Announces Partnership and Launch of Digital Investment Advisor
The Digital Investment Advisor is an interactive platform. Clients can take individual goals and risk tolerance into account, and create a portfolio tailored specifically to their requirements. This offering works great for new clients who don’t have any investment experience, along with those who have been investing for years.
Tom Wayne, CEO and CFO of Bank of Oak Ridge, said that several clients are interested in the ability to conduct their banking online, along with overseeing their financial management digitally. Thanks to the partnership with Detalus Advisors and Marstone, they can now offer a more comprehensive banking and investment solution.
Key Quote
“A growing number of our clients are interested in the ability to not only conduct their banking online, but to also have the power to oversee their financial management digitally. Through our partnership with Detalus Advisors and Marstone, we’re able to provide our neighbors with a more comprehensive banking and investment offering,” says Tom Wayne, CEO and CFO of Bank of Oak Ridge.
Oak Ridge Financial Services, Inc. Announces Second Quarter 2022 Results
On July 22, 2022, Oak Ridge Financial Services, Inc., which is the parent company of Bank of Oak Ridge, released financial results for the three and six months ended June 30, 2022. Basic and diluted earnings per share of $0.63 for the three months ended June 30, 2022, down two cents, or 3.1%, from the comparable 2021 period, while annualized return on average common stockholders’ equity of 13.52% for the three months ended June 30, 2022, compared to 14.71% for the same period in 2021.
The Bank of Oak Ridge was also named to American Banker magazine’s Top 200 Publicly Traded Community Banks and Thrifts.
Technical Data
BKOR stock is trading above the 20-Day and 50-Day Moving averages of $18.87 and $18.91 respectively. Moreover, the stock is trading above the 200-Day moving average of $18.56.
