Shares of Orrstown Financial Services (NASDAQ:ORRF) have earned a consensus broker rating score of 2.50 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a buy recommendation on the company.
Zacks has also given Orrstown Financial Services an industry rank of 114 out of 265 based on the ratings given to its competitors.
Several research firms recently issued reports on ORRF. Zacks Investment Research downgraded shares of Orrstown Financial Services from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. ValuEngine raised shares of Orrstown Financial Services from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Boenning Scattergood reissued a “hold” rating on shares of Orrstown Financial Services in a research report on Thursday, January 25th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Orrstown Financial Services Inc. grew its position in Orrstown Financial Services by 57,850.0% in the 4th quarter. Orrstown Financial Services Inc. now owns 4,636 shares of the bank’s stock valued at $117,000 after purchasing an additional 4,628 shares during the period. Acadian Asset Management LLC lifted its stake in Orrstown Financial Services by 110.4% during the 4th quarter. Acadian Asset Management LLC now owns 5,258 shares of the bank’s stock valued at $133,000 after acquiring an additional 2,759 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Orrstown Financial Services by 4.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,281 shares of the bank’s stock valued at $120,000 after acquiring an additional 235 shares in the last quarter. Macquarie Group Ltd. bought a new position in Orrstown Financial Services during the 3rd quarter valued at $292,000. Finally, Teachers Advisors LLC lifted its stake in Orrstown Financial Services by 7.5% during the 2nd quarter. Teachers Advisors LLC now owns 12,604 shares of the bank’s stock valued at $288,000 after acquiring an additional 875 shares in the last quarter. 41.28% of the stock is owned by institutional investors and hedge funds.
Shares of Orrstown Financial Services (ORRF) opened at $25.00 on Wednesday. Orrstown Financial Services has a 52-week low of $19.05 and a 52-week high of $26.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $209.12, a price-to-earnings ratio of 25.51 and a beta of 0.41.
Orrstown Financial Services (NASDAQ:ORRF) last posted its quarterly earnings results on Wednesday, January 24th. The bank reported $0.32 earnings per share (EPS) for the quarter, missing the 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 during the quarter, compared to analyst estimates of $17.08 million. equities analysts forecast that Orrstown Financial Services will post 1.4 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Saturday, February 3rd were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $0.48 annualized dividend and a yield of 1.92%. This is an increase from Orrstown Financial Services’s previous quarterly dividend of $0.07. Orrstown Financial Services’s dividend payout ratio (DPR) is presently 48.98%.
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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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