Orrstown Financial Services Inc (NASDAQ:ORRF) Receives Average Recommendation of “Moderate Buy” from Analysts

Orrstown Financial Services Inc (NASDAQ:ORRF) has earned an average recommendation of “Moderate Buy” from the five analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $39.6667.

Several research firms have weighed in on ORRF. Weiss Ratings reissued a “hold (c+)” rating on shares of Orrstown Financial Services in a report on Thursday, January 22nd. Hovde Group increased their price objective on shares of Orrstown Financial Services from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday.

Orrstown Financial Services Trading Up 4.0%

Shares of ORRF opened at $37.46 on Tuesday. Orrstown Financial Services has a twelve month low of $25.57 and a twelve month high of $38.38. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $730.47 million, a P/E ratio of 8.96 and a beta of 0.83. The firm’s 50-day moving average is $36.40 and its two-hundred day moving average is $34.83.

Orrstown Financial Services (NASDAQ:ORRF) last announced its quarterly earnings results on Tuesday, January 27th. The bank reported $1.11 EPS for the quarter, topping the consensus estimate of $1.08 by $0.03. Orrstown Financial Services had a return on equity of 15.04% and a net margin of 22.71%.The business had revenue of $64.92 million for the quarter, compared to analyst estimates of $51.54 million. On average, research analysts predict that Orrstown Financial Services will post 4.23 earnings per share for the current fiscal year.

Orrstown Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Tuesday, February 10th will be paid a dividend of $0.30 per share. This is a positive change from Orrstown Financial Services’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.2%. Orrstown Financial Services’s dividend payout ratio is 25.84%.

Institutional Investors Weigh In On Orrstown Financial Services

Large investors have recently bought and sold shares of the stock. Caldwell Trust Co acquired a new position in shares of Orrstown Financial Services in the second quarter worth $25,000. State of Alaska Department of Revenue purchased a new stake in Orrstown Financial Services during the 3rd quarter worth about $26,000. Financial Consulate Inc. acquired a new position in Orrstown Financial Services in the 3rd quarter valued at about $36,000. Quarry LP acquired a new position in Orrstown Financial Services in the 3rd quarter valued at about $42,000. Finally, Raymond James Financial Inc. purchased a new position in Orrstown Financial Services in the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 44.27% of the company’s stock.

About Orrstown Financial Services

Orrstown Financial Services, Inc is the bank holding company for Orrstown Bank, a community banking organization headquartered in Shippensburg, Pennsylvania. The roots of Orrstown Bank date back to 1865, and the holding company structure was established to support its growth and diversification. As a regional financial institution, Orrstown Financial Services focuses on delivering personalized banking solutions to individuals, families and businesses across Central Pennsylvania.

The company’s core offerings include a full suite of deposit products such as checking and savings accounts, money market accounts and certificates of deposit.