Brokerages Expect Orrstown Financial Services (ORRF) to Post $0.08 Earnings Per Share

Orrstown Financial Services (NASDAQ:ORRF) has earned a consensus broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a buy rating to the company.

Zacks has also assigned Orrstown Financial Services an industry rank of 25 out of 265 based on the ratings given to related companies.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Orrstown Financial Services from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, October 31st. Boenning Scattergood reaffirmed a “hold” rating on shares of Orrstown Financial Services in a research report on Friday, October 27th. Finally, ValuEngine raised Orrstown Financial Services from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.

Shares of Orrstown Financial Services (NASDAQ ORRF) opened at $24.50 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $205.24, a price-to-earnings ratio of 20.08 and a beta of 0.67. Orrstown Financial Services has a 52 week low of $19.05 and a 52 week high of $26.95.

Orrstown Financial Services (NASDAQ:ORRF) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $16.34 million during the quarter, compared to analyst estimates of $16.25 million. Orrstown Financial Services had a return on equity of 7.15% and a net margin of 14.58%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. bought a new stake in Orrstown Financial Services in the 3rd quarter worth about $292,000. Kennedy Capital Management Inc. bought a new stake in shares of Orrstown Financial Services during the 2nd quarter valued at about $442,000. Dimensional Fund Advisors LP grew its stake in shares of Orrstown Financial Services by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 20,696 shares of the bank’s stock valued at $473,000 after purchasing an additional 2,188 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of Orrstown Financial Services by 2.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 20,938 shares of the bank’s stock valued at $478,000 after purchasing an additional 513 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Orrstown Financial Services by 1.8% during the 2nd quarter. Northern Trust Corp now owns 77,865 shares of the bank’s stock valued at $1,779,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 39.58% of the company’s stock.

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About Orrstown Financial Services

Orrstown Financial Services, Inc is the bank holding company for Orrstown Bank (the Bank). The Bank is engaged in commercial banking and trust business. The Company operates through Community Banking segment. The Bank’s activities involve accepting demand, time and savings deposits, and granting loans.

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