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

Zacks has also assigned Orrstown Financial Services an industry rank of 164 out of 265 based on the ratings given to its competitors.

ORRF has been the topic of a number of research reports. Zacks Investment Research lowered shares of Orrstown Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Boenning Scattergood reaffirmed a “hold” rating on shares of Orrstown Financial Services in a research report on Friday, October 27th.

Orrstown Financial Services (NASDAQ:ORRF) opened at $25.50 on Monday. Orrstown Financial Services has a 52-week low of $19.05 and a 52-week high of $26.95. The stock has a market cap of $212.88, a price-to-earnings ratio of 20.90 and a beta of 0.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.76 and a current ratio of 0.76.

Orrstown Financial Services (NASDAQ:ORRF) last announced its earnings results on Wednesday, October 25th. The bank reported $0.34 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.34. Orrstown Financial Services had a net margin of 14.58% and a return on equity of 7.15%. The business had revenue of $16.34 million for the quarter, compared to analyst estimates of $16.25 million. analysts expect that Orrstown Financial Services will post 1.37 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Monday, November 6th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Friday, November 3rd. This is a positive change from Orrstown Financial Services’s previous quarterly dividend of $0.10. Orrstown Financial Services’s payout ratio is 39.34%.

A number of institutional investors have recently made changes to their positions in ORRF. The Manufacturers Life Insurance Company increased its holdings in Orrstown Financial Services by 4.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,281 shares of the bank’s stock valued at $120,000 after buying an additional 235 shares during the period. SG Americas Securities LLC increased its holdings in Orrstown Financial Services by 27.6% in the 2nd quarter. SG Americas Securities LLC now owns 7,852 shares of the bank’s stock valued at $179,000 after buying an additional 1,697 shares during the period. Teachers Advisors LLC increased its holdings in Orrstown Financial Services by 7.5% in the 2nd quarter. Teachers Advisors LLC now owns 12,604 shares of the bank’s stock valued at $288,000 after buying an additional 875 shares during the period. Macquarie Group Ltd. bought a new stake in Orrstown Financial Services in the 3rd quarter valued at $292,000. Finally, Wedge Capital Management L L P NC bought a new stake in Orrstown Financial Services in the 3rd quarter valued at $344,000. 39.58% of the stock is currently owned by hedge funds and other institutional investors.

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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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