Orrstown Financial Services (NASDAQ:ORRF) has earned an average broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a buy rating to the company.
Zacks has also given Orrstown Financial Services an industry rank of 50 out of 265 based on the ratings given to its competitors.
Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Orrstown Financial Services from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, October 31st. Boenning Scattergood reissued a “hold” rating on shares of Orrstown Financial Services in a report on Friday, October 27th.
Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its position in Orrstown Financial Services by 4.7% during the second quarter. The Manufacturers Life Insurance Company now owns 5,281 shares of the bank’s stock worth $120,000 after buying an additional 235 shares during the period. SG Americas Securities LLC grew its position in Orrstown Financial Services by 27.6% during the second quarter. SG Americas Securities LLC now owns 7,852 shares of the bank’s stock worth $179,000 after buying an additional 1,697 shares during the period. Macquarie Group Ltd. acquired a new position in Orrstown Financial Services during the third quarter worth about $292,000. Teachers Advisors LLC grew its position in Orrstown Financial Services by 7.5% during the second quarter. Teachers Advisors LLC now owns 12,604 shares of the bank’s stock worth $288,000 after buying an additional 875 shares during the period. Finally, Wedge Capital Management L L P NC acquired a new position in Orrstown Financial Services during the third quarter worth about $344,000. Institutional investors own 39.58% of the company’s stock.
Orrstown Financial Services (NASDAQ:ORRF) traded down $0.45 during midday trading on Wednesday, reaching $25.25. 7,421 shares of the company traded hands, compared to its average volume of 13,376. The stock has a market capitalization of $210.66, a PE ratio of 20.70 and a beta of 0.66. Orrstown Financial Services has a 52-week low of $19.05 and a 52-week 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.
Orrstown Financial Services (NASDAQ:ORRF) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $16.34 million during the quarter, compared to analysts’ expectations of $16.25 million. Orrstown Financial Services had a net margin of 14.58% and a return on equity of 7.15%.
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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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