Orrstown Financial Services (ORRF) Given Consensus Rating of “Hold” by Brokerages

Shares of Orrstown Financial Services (NASDAQ:ORRF) have earned an average 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 assigned a buy rating to the company.

Zacks has also assigned Orrstown Financial Services an industry rank of 14 out of 265 based on the ratings given to related companies.

A number of equities analysts have recently issued reports on the stock. Boenning Scattergood reiterated a “hold” rating on shares of Orrstown Financial Services in a research note on Friday, October 27th. Zacks Investment Research raised shares of Orrstown Financial Services from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, October 31st. Finally, ValuEngine raised shares of Orrstown Financial Services from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.

Orrstown Financial Services (ORRF) opened at $25.50 on Tuesday. 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 has a one year low of $19.05 and a one year high of $26.95. The stock has a market cap of $209.54, a P/E ratio of 26.02 and a beta of 0.41.

Orrstown Financial Services (NASDAQ:ORRF) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.04). Orrstown Financial Services had a net margin of 11.33% and a return on equity of 7.57%. The business had revenue of $16.51 million for the quarter, compared to the consensus estimate of $17.08 million. analysts predict that Orrstown Financial Services will post 1.4 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Saturday, February 3rd were given a dividend of $0.12 per share. This is a boost from Orrstown Financial Services’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $0.48 dividend on an annualized basis and a yield of 1.88%. Orrstown Financial Services’s dividend payout ratio is presently 48.98%.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Orrstown Financial Services by 0.7% during the fourth quarter. BlackRock Inc. now owns 524,850 shares of the bank’s stock valued at $13,253,000 after acquiring an additional 3,602 shares during the last quarter. State Street Corp lifted its position in Orrstown Financial Services by 7.0% during the second quarter. State Street Corp now owns 102,012 shares of the bank’s stock valued at $2,330,000 after acquiring an additional 6,696 shares during the last quarter. Wells Fargo & Company MN lifted its position in Orrstown Financial Services by 23.6% during the fourth quarter. Wells Fargo & Company MN now owns 98,891 shares of the bank’s stock valued at $2,497,000 after acquiring an additional 18,914 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in Orrstown Financial Services by 3.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 92,633 shares of the bank’s stock valued at $2,339,000 after acquiring an additional 2,840 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Orrstown Financial Services by 1.8% in the second quarter. Northern Trust Corp now owns 77,865 shares of the bank’s stock worth $1,779,000 after buying an additional 1,400 shares during the last quarter. 39.60% of the stock is owned by 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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