Orrstown Financial Services, Inc. (ORRF) Given Consensus Recommendation of “Hold” by Analysts

Orrstown Financial Services, Inc. (NASDAQ:ORRF) has been assigned an average broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.

Zacks has also given Orrstown Financial Services an industry rank of 164 out of 255 based on the ratings given to related companies.

Several research analysts have commented on ORRF shares. Zacks Investment Research upgraded shares of Orrstown Financial Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 28th. ValuEngine upgraded shares of Orrstown Financial Services from a “buy” rating to a “strong-buy” rating in a report on Friday, April 6th. Finally, Sandler O’Neill upgraded shares of Orrstown Financial Services from a “hold” rating to a “buy” rating in a report on Friday, June 8th.

Orrstown Financial Services traded up $0.55, hitting $26.20, during trading on Friday, according to Marketbeat.com. The company’s stock had a trading volume of 100 shares, compared to its average volume of 22,672. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.76 and a current ratio of 0.77. The company has a market capitalization of $221.24 million, a PE ratio of 20.10 and a beta of 0.38. Orrstown Financial Services has a twelve month low of $22.00 and a twelve month high of $27.05.

Orrstown Financial Services (NASDAQ:ORRF) last released its quarterly earnings data on Wednesday, April 18th. The bank reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.12. The firm had revenue of $17.39 million for the quarter, compared to analyst estimates of $16.04 million. Orrstown Financial Services had a net margin of 12.91% and a return on equity of 8.59%. equities research analysts forecast that Orrstown Financial Services will post 1.55 earnings per share for the current fiscal year.

In other news, Director Anthony F. Ceddia sold 1,255 shares of the stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $26.11, for a total value of $32,768.05. Following the completion of the transaction, the director now directly owns 7,110 shares in the company, valued at $185,642.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joel R. Zullinger sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $25.77, for a total transaction of $25,770.00. Following the sale, the director now owns 37,949 shares of the company’s stock, valued at $977,945.73. The disclosure for this sale can be found here. Company insiders own 5.70% of the company’s stock.

Large investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC raised its holdings in shares of Orrstown Financial Services by 214.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,582 shares of the bank’s stock valued at $111,000 after purchasing an additional 3,123 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Orrstown Financial Services by 26.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 14,000 shares of the bank’s stock worth $354,000 after purchasing an additional 2,900 shares during the last quarter. Stifel Financial Corp bought a new position in shares of Orrstown Financial Services during the 1st quarter worth about $431,000. Bank of New York Mellon Corp lifted its holdings in shares of Orrstown Financial Services by 28.3% during the 4th quarter. Bank of New York Mellon Corp now owns 33,382 shares of the bank’s stock worth $843,000 after acquiring an additional 7,370 shares during the period. Finally, Kennedy Capital Management Inc. lifted its holdings in shares of Orrstown Financial Services by 70.5% during the 4th quarter. Kennedy Capital Management Inc. now owns 36,229 shares of the bank’s stock worth $915,000 after acquiring an additional 14,980 shares during the period. Hedge funds and other institutional investors own 41.90% of the company’s stock.

Orrstown Financial Services Company Profile

Orrstown Financial Services, Inc operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The company accepts various deposits, including checking, savings, time, demand, and money market deposits. It also offers commercial loans, such as commercial real estate, equipment, working capital, and other commercial purpose loans; consumer loans comprising home equity and other consumer loans, as well as home equity lines of credit; residential mortgage loans; agribusiness loans; acquisition and development loans; municipal loans; and installment and other loans.

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