Orrstown Financial Services (ORRF) Projected to Post Quarterly Earnings on Tuesday

Orrstown Financial Services (NASDAQ:ORRF) will likely be releasing its earnings data before the market opens on Tuesday, April 22nd. Analysts expect Orrstown Financial Services to post earnings of $0.99 per share and revenue of $51.83 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Orrstown Financial Services (NASDAQ:ORRF) last announced its earnings results on Friday, January 31st. The bank reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.17). Orrstown Financial Services had a return on equity of 15.77% and a net margin of 7.70%. On average, analysts expect Orrstown Financial Services to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Orrstown Financial Services Stock Performance

NASDAQ ORRF opened at $26.95 on Monday. The company has a market cap of $525.66 million, a P/E ratio of 14.65 and a beta of 0.78. The business’s 50 day moving average price is $30.40 and its 200-day moving average price is $34.89. Orrstown Financial Services has a fifty-two week low of $24.91 and a fifty-two week high of $41.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 0.88.

Orrstown Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.04 annualized dividend and a dividend yield of 3.86%. This is an increase from Orrstown Financial Services’s previous quarterly dividend of $0.23. Orrstown Financial Services’s dividend payout ratio is currently 56.52%.

Insider Buying and Selling

In other Orrstown Financial Services news, Director John W. Giambalvo bought 1,000 shares of the company’s stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $30.80 per share, for a total transaction of $30,800.00. Following the acquisition, the director now directly owns 40,562 shares in the company, valued at approximately $1,249,309.60. The trade was a 2.53 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Brian D. Brunner bought 2,500 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were acquired at an average cost of $30.87 per share, for a total transaction of $77,175.00. Following the transaction, the director now directly owns 49,330 shares in the company, valued at approximately $1,522,817.10. This trade represents a 5.34 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 6,800 shares of company stock valued at $211,892 over the last quarter. 4.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Raymond James initiated coverage on shares of Orrstown Financial Services in a report on Thursday, April 10th. They set an “outperform” rating and a $35.00 price target on the stock. Piper Sandler assumed coverage on Orrstown Financial Services in a report on Wednesday, January 8th. They set an “overweight” rating and a $43.00 price objective for the company. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $42.00 price objective (down previously from $46.00) on shares of Orrstown Financial Services in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Orrstown Financial Services currently has an average rating of “Moderate Buy” and a consensus price target of $38.80.

About Orrstown Financial Services

Orrstown Financial Services, Inc operates as the financial holding company for Orrstown Bank that provides commercial banking and financial advisory services to retail, commercial, non-profit, and government clients in the United States. It accepts various deposits, including checking, savings, time, demand, and money market deposits, as well as certificates of deposit.