Orrstown Financial Services, Inc. (NASDAQ:ORRF) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price objective of $23.50 for the company and are forecasting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also given Orrstown Financial Services an industry rank of 154 out of 255 based on the ratings given to related companies.
Several research firms have issued reports on ORRF. Boenning Scattergood restated a “hold” rating on shares of Orrstown Financial Services in a research report on Thursday, October 18th. Zacks Investment Research upgraded shares of Orrstown Financial Services from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Saturday, January 19th. Finally, ValuEngine lowered shares of Orrstown Financial Services from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th.
Institutional investors have recently bought and sold shares of the stock. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Orrstown Financial Services in the 4th quarter worth approximately $88,000. Russell Investments Group Ltd. acquired a new position in Orrstown Financial Services in the 2nd quarter worth approximately $101,000. O Shaughnessy Asset Management LLC boosted its stake in Orrstown Financial Services by 39.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,853 shares of the bank’s stock worth $143,000 after purchasing an additional 2,207 shares during the period. Rhumbline Advisers acquired a new position in Orrstown Financial Services in the 4th quarter worth approximately $189,000. Finally, BB&T Corp acquired a new position in Orrstown Financial Services in the 4th quarter worth approximately $279,000. 37.96% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ ORRF traded up $0.36 during mid-day trading on Friday, reaching $20.46. 135 shares of the company traded hands, compared to its average volume of 17,079. Orrstown Financial Services has a fifty-two week low of $17.30 and a fifty-two week high of $27.05. 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 firm has a market capitalization of $189.70 million, a PE ratio of 11.27 and a beta of 0.60.
Orrstown Financial Services (NASDAQ:ORRF) last posted its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.10). Orrstown Financial Services had a net margin of 14.77% and a return on equity of 10.40%. The company had revenue of $19.78 million for the quarter, compared to analyst estimates of $20.21 million. Sell-side analysts anticipate that Orrstown Financial Services will post 1.7 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 11th. Investors of record on Monday, February 4th were paid a $0.15 dividend. This is a positive change from Orrstown Financial Services’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 1st. This represents a $0.60 dividend on an annualized basis and a yield of 2.93%. Orrstown Financial Services’s dividend payout ratio (DPR) is currently 33.15%.
About Orrstown Financial Services
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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