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

Orrstown Financial Services Inc (NASDAQ:ORRF) has received a consensus recommendation of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $39.6667.

A number of analysts recently weighed in on the stock. Hovde Group raised their price target on shares of Orrstown Financial Services from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Weiss Ratings upgraded Orrstown Financial Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday.

Institutional Investors Weigh In On Orrstown Financial Services

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

Orrstown Financial Services Stock Performance

Shares of NASDAQ:ORRF opened at $35.94 on Friday. The business has a fifty day moving average of $36.67 and a 200-day moving average of $35.39. The firm has a market cap of $700.83 million, a PE ratio of 8.60 and a beta of 0.83. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. Orrstown Financial Services has a twelve month low of $25.57 and a twelve month high of $40.72.

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

Orrstown Financial Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Tuesday, February 10th were given a $0.30 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.3%. This is a positive change from Orrstown Financial Services’s previous quarterly dividend of $0.27. Orrstown Financial Services’s dividend payout ratio is 28.71%.

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.