Orrstown Financial Services (NASDAQ:ORRF) – Analysts at Boenning Scattergood lowered their Q4 2017 earnings estimates for Orrstown Financial Services in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. Boenning Scattergood analyst M. Schultheis now expects that the bank will earn $0.08 per share for the quarter, down from their previous forecast of $0.38. Boenning Scattergood has a “Hold” rating on the stock.
Orrstown Financial Services (NASDAQ:ORRF) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $16.34 million for the quarter, compared to analyst estimates of $16.25 million. Orrstown Financial Services had a net margin of 14.58% and a return on equity of 7.15%.
Several other research analysts have also weighed in on ORRF. Zacks Investment Research lowered shares of Orrstown Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine upgraded shares of Orrstown Financial Services from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.
Orrstown Financial Services (ORRF) traded up $0.10 during trading on Friday, hitting $24.80. 129,102 shares of the stock traded hands, compared to its average volume of 10,468. The firm has a market cap of $206.20, a price-to-earnings ratio of 20.33 and a beta of 0.67. Orrstown Financial Services has a one year low of $19.05 and a one year high of $26.95. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.44.
Several institutional investors have recently added to or reduced their stakes in ORRF. The Manufacturers Life Insurance Company grew its stake 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 last quarter. SG Americas Securities LLC grew its stake 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 last quarter. Teachers Advisors LLC grew its stake 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 last quarter. Macquarie Group Ltd. acquired a new position in Orrstown Financial Services in the 3rd quarter valued at about $292,000. Finally, Wedge Capital Management L L P NC acquired a new position in Orrstown Financial Services in the 3rd quarter valued at about $344,000. Institutional investors own 39.58% of the company’s stock.
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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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