Orrstown Financial Services Inc. (ORRF) to Release Quarterly Earnings on Wednesday
Orrstown Financial Services Inc. (NASDAQ:ORRF) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 19th. Analysts expect Orrstown Financial Services to post earnings of $0.23 per share for the quarter.
Orrstown Financial Services (NASDAQ:ORRF) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by $0.13. Orrstown Financial Services had a return on equity of 5.24% and a net margin of 12.11%. On average, analysts expect Orrstown Financial Services to post $0.89 EPS for the current fiscal year and $1.12 EPS for the next fiscal year.
Shares of Orrstown Financial Services Inc. (NASDAQ:ORRF) opened at 19.83 on Tuesday. The firm’s 50-day moving average is $20.92 and its 200-day moving average is $19.29. The company has a market cap of $164.19 million, a PE ratio of 22.53 and a beta of 0.32. Orrstown Financial Services Inc. has a one year low of $16.51 and a one year high of $23.73.
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Institutional investors have recently made changes to their positions in the stock. BlackRock Fund Advisors boosted its stake in Orrstown Financial Services by 680.6% in the second quarter. BlackRock Fund Advisors now owns 197,847 shares of the company’s stock worth $3,571,000 after buying an additional 172,501 shares during the last quarter. State Street Corp purchased a new stake in Orrstown Financial Services during the second quarter worth approximately $1,125,000. BlackRock Institutional Trust Company N.A. boosted its stake in Orrstown Financial Services by 24.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 232,054 shares of the company’s stock worth $4,189,000 after buying an additional 45,391 shares during the last quarter. Bridgeway Capital Management Inc. boosted its stake in Orrstown Financial Services by 89.6% in the second quarter. Bridgeway Capital Management Inc. now owns 63,500 shares of the company’s stock worth $1,146,000 after buying an additional 30,000 shares during the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in Orrstown Financial Services by 2,225.5% in the second quarter. BlackRock Investment Management LLC now owns 27,255 shares of the company’s stock worth $492,000 after buying an additional 26,083 shares during the last quarter. 41.11% of the stock is owned by institutional investors and hedge funds.
ORRF has been the subject of a number of analyst reports. Boenning Scattergood downgraded shares of Orrstown Financial Services from an “outperform” rating to a “neutral” rating in a research note on Friday, September 30th. Zacks Investment Research downgraded shares of Orrstown Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, Keefe, Bruyette & Woods downgraded shares of Orrstown Financial Services from an “outperform” rating to a “market perform” rating and raised their target price for the company from $21.50 to $23.00 in a research note on Monday, September 12th.
Orrstown Financial Services Company Profile
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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