Orrstown Financial Services (NASDAQ:ORRF – Get Free Report) had its target price lowered by analysts at Hovde Group from $34.00 to $33.00 in a research report issued on Wednesday, Marketbeat reports. The brokerage presently has an “outperform” rating on the bank’s stock. Hovde Group’s price target suggests a potential upside of 24.86% from the stock’s current price.
Separately, Keefe, Bruyette & Woods increased their target price on Orrstown Financial Services from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th.
Read Our Latest Analysis on ORRF
Orrstown Financial Services Stock Up 0.7 %
Orrstown Financial Services (NASDAQ:ORRF – Get Free Report) last released its earnings results on Tuesday, January 23rd. The bank reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The company had revenue of $32.51 million for the quarter, compared to analyst estimates of $32.50 million. Orrstown Financial Services had a return on equity of 14.60% and a net margin of 18.99%. On average, equities analysts anticipate that Orrstown Financial Services will post 3.39 earnings per share for the current year.
Institutional Trading of Orrstown Financial Services
Large investors have recently bought and sold shares of the business. Creative Financial Designs Inc. ADV acquired a new stake in Orrstown Financial Services in the fourth quarter valued at about $46,000. AJOVista LLC acquired a new stake in Orrstown Financial Services in the fourth quarter valued at about $67,000. Arlington Trust Co LLC acquired a new stake in Orrstown Financial Services in the fourth quarter valued at about $132,000. SG Americas Securities LLC acquired a new stake in Orrstown Financial Services in the fourth quarter valued at about $166,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in Orrstown Financial Services in the fourth quarter valued at about $169,000. 44.27% of the stock is owned by institutional investors and hedge funds.
About Orrstown Financial Services
Orrstown Financial Services, Inc operates as the financial holding company for Orrstown Bank that provides commercial banking and financial advisory services to retail, commercial, non-profit, and government clients in the United States. It accepts various deposits, including checking, savings, time, demand, and money market deposits, as well as certificates of deposit.
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