Orrstown Financial Services, Inc. (NASDAQ:ORRF) reached a new 52-week low on Thursday . The stock traded as low as $19.75 and last traded at $19.75, with a volume of 267 shares trading hands. The stock had previously closed at $20.05.
Several equities research analysts have recently weighed in on ORRF shares. Boenning Scattergood raised Orrstown Financial Services from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Thursday, October 25th. Zacks Investment Research cut Orrstown Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, September 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $29.67.
The company has a debt-to-equity ratio of 0.57, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $186.49 million, a price-to-earnings ratio of 15.23 and a beta of 0.47.
Orrstown Financial Services (NASDAQ:ORRF) last posted its quarterly earnings data on Wednesday, October 17th. The bank reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.06. Orrstown Financial Services had a return on equity of 9.89% and a net margin of 14.34%. The company had revenue of $18.20 million during the quarter, compared to analysts’ expectations of $17.87 million. On average, equities analysts anticipate that Orrstown Financial Services, Inc. will post 1.81 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of ORRF. Russell Investments Group Ltd. acquired a new position in shares of Orrstown Financial Services in the second quarter valued at $101,000. Panagora Asset Management Inc. raised its stake in shares of Orrstown Financial Services by 424.0% in the third quarter. Panagora Asset Management Inc. now owns 15,757 shares of the bank’s stock valued at $375,000 after purchasing an additional 12,750 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Orrstown Financial Services by 327.2% in the second quarter. Macquarie Group Ltd. now owns 16,843 shares of the bank’s stock valued at $438,000 after purchasing an additional 12,900 shares in the last quarter. Ativo Capital Management LLC raised its stake in shares of Orrstown Financial Services by 32.0% in the third quarter. Ativo Capital Management LLC now owns 33,013 shares of the bank’s stock valued at $786,000 after purchasing an additional 8,005 shares in the last quarter. Finally, Penn Capital Management Co. Inc. raised its stake in shares of Orrstown Financial Services by 79.8% in the third quarter. Penn Capital Management Co. Inc. now owns 42,706 shares of the bank’s stock valued at $1,016,000 after purchasing an additional 18,952 shares in the last quarter. 38.15% of the stock is owned by institutional investors.
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Orrstown Financial Services Company Profile (NASDAQ:ORRF)
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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