Orrstown Financial Services (ORRF) Set to Announce Quarterly Earnings on Wednesday
Orrstown Financial Services (NASDAQ:ORRF) is set to announce its earnings results before the market opens on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.36 per share for the quarter.
Orrstown Financial Services (NASDAQ:ORRF) last announced its earnings results on Wednesday, October 25th. The bank reported $0.34 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. Orrstown Financial Services had a return on equity of 7.15% and a net margin of 14.58%. The business had revenue of $16.34 million during the quarter, compared to analysts’ expectations of $16.25 million.
Orrstown Financial Services (NASDAQ:ORRF) opened at $25.15 on Wednesday. Orrstown Financial Services has a 52 week low of $19.05 and a 52 week high of $26.95. The firm has a market capitalization of $206.91, a PE ratio of 20.61 and a beta of 0.67. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.44.
Several research analysts recently weighed in on ORRF shares. Zacks Investment Research cut Orrstown Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Boenning Scattergood reiterated a “hold” rating on shares of Orrstown Financial Services in a research report on Friday, October 27th. Finally, ValuEngine upgraded Orrstown Financial Services from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.
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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