Brokerages Expect Orrstown Financial Services, Inc. (ORRF) to Post $0.39 Earnings Per Share

Orrstown Financial Services, Inc. (NASDAQ:ORRF) has earned a consensus broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the stock, 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 116 out of 255 based on the ratings given to its competitors.

Several 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 note on Wednesday, March 28th. ValuEngine upgraded shares of Orrstown Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 6th. Finally, Sandler O’Neill upgraded shares of Orrstown Financial Services from a “hold” rating to a “buy” rating in a research note on Friday, June 8th.

Orrstown Financial Services traded down $0.05, hitting $26.40, on Friday, according to MarketBeat.com. 20,679 shares of the company’s stock traded hands, compared to its average volume of 23,646. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.59. Orrstown Financial Services has a 1-year low of $22.15 and a 1-year high of $27.05. The stock has a market cap of $222.08 million, a price-to-earnings ratio of 20.31 and a beta of 0.28.

Orrstown Financial Services (NASDAQ:ORRF) last announced its quarterly earnings data on Wednesday, April 18th. The bank reported $0.44 EPS for the quarter, beating the consensus estimate of $0.32 by $0.12. Orrstown Financial Services had a net margin of 12.91% and a return on equity of 8.59%. The business had revenue of $17.39 million during the quarter, compared to analysts’ expectations of $16.04 million. analysts forecast that Orrstown Financial Services will post 1.55 EPS for the current year.

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

Several large investors have recently bought and sold shares of the company. EJF Capital LLC purchased a new position in shares of Orrstown Financial Services during the 1st quarter valued at approximately $3,048,000. Elizabeth Park Capital Advisors Ltd. increased its holdings in shares of Orrstown Financial Services by 54.2% during the 1st quarter. Elizabeth Park Capital Advisors Ltd. now owns 286,012 shares of the bank’s stock valued at $6,907,000 after purchasing an additional 100,497 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of Orrstown Financial Services during the 1st quarter valued at approximately $431,000. Dimensional Fund Advisors LP increased its holdings in shares of Orrstown Financial Services by 37.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 84,754 shares of the bank’s stock valued at $2,047,000 after purchasing an additional 23,168 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased 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. 41.90% of the stock is owned by hedge funds and other institutional investors.

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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