Orrstown Financial Services Inc (NASDAQ:ORRF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Orrstown Financial Services Inc (NASDAQ:ORRF) has been given an average rating of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $39.25.

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Orrstown Financial Services in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Orrstown Financial Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd.

Institutional Trading of Orrstown Financial Services

A number of institutional investors have recently bought and sold shares of ORRF. Caldwell Trust Co purchased a new position in Orrstown Financial Services in the 2nd quarter valued at approximately $25,000. State of Alaska Department of Revenue bought a new position in shares of Orrstown Financial Services in the third quarter worth $26,000. Financial Consulate Inc. bought a new position in shares of Orrstown Financial Services in the third quarter worth $36,000. Quarry LP purchased a new position in shares of Orrstown Financial Services in the third quarter valued at $42,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Orrstown Financial Services during the 2nd quarter valued at $45,000. Institutional investors own 44.27% of the company’s stock.

Orrstown Financial Services Price Performance

Shares of NASDAQ:ORRF opened at $36.61 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. Orrstown Financial Services has a 52 week low of $25.57 and a 52 week high of $38.38. The firm has a market cap of $713.90 million, a PE ratio of 9.69 and a beta of 0.82. The firm’s fifty day moving average is $35.02 and its 200-day moving average is $33.92.

Orrstown Financial Services (NASDAQ:ORRF) last announced its earnings results on Tuesday, November 8th. The bank reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $28.27 million during the quarter. Orrstown Financial Services had a return on equity of 14.39% and a net margin of 20.48%. Sell-side analysts predict that Orrstown Financial Services will post 4.23 earnings per share for the current year.

Orrstown Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Wednesday, November 5th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, November 5th. This represents a $1.08 annualized dividend and a dividend yield of 3.0%. Orrstown Financial Services’s dividend payout ratio is 28.57%.

Orrstown Financial Services Company Profile

Orrstown Financial Services, Inc is the bank holding company for Orrstown Bank, a community banking organization headquartered in Shippensburg, Pennsylvania. The roots of Orrstown Bank date back to 1865, and the holding company structure was established to support its growth and diversification. As a regional financial institution, Orrstown Financial Services focuses on delivering personalized banking solutions to individuals, families and businesses across Central Pennsylvania.

The company’s core offerings include a full suite of deposit products such as checking and savings accounts, money market accounts and certificates of deposit.