Orrstown Financial Services Inc. (NASDAQ:ORRF) has earned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating. Orrstown Financial Services’ rating score has declined by 200% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Zacks has also assigned Orrstown Financial Services an industry rank of 112 out of 265 based on the ratings given to its competitors.
Several brokerages have weighed in on ORRF. Keefe, Bruyette & Woods increased their price objective on Orrstown Financial Services from $20.50 to $21.50 and gave the company an “outperform” rating in a report on Friday, July 29th. Boenning Scattergood lowered Orrstown Financial Services from an “outperform” rating to a “neutral” rating in a report on Friday, September 30th. Finally, Zacks Investment Research raised Orrstown Financial Services from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Tuesday, August 2nd.
Orrstown Financial Services (NASDAQ:ORRF) opened at 19.85 on Friday. Orrstown Financial Services has a 52 week low of $16.51 and a 52 week high of $23.73. The company has a market cap of $164.36 million, a price-to-earnings ratio of 22.56 and a beta of 0.32. The stock has a 50 day moving average price of $20.96 and a 200 day moving average price of $19.21.
Orrstown Financial Services (NASDAQ:ORRF) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.13. Orrstown Financial Services had a net margin of 12.11% and a return on equity of 5.24%. On average, equities analysts forecast that Orrstown Financial Services will post $0.88 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. BlackRock Fund Advisors increased its stake in Orrstown Financial Services by 1.2% in the first quarter. BlackRock Fund Advisors now owns 25,346 shares of the company’s stock valued at $439,000 after buying an additional 308 shares in the last quarter. Renaissance Technologies LLC increased its stake in Orrstown Financial Services by 5.0% in the first quarter. Renaissance Technologies LLC now owns 129,700 shares of the company’s stock valued at $2,246,000 after buying an additional 6,200 shares in the last quarter. Nationwide Fund Advisors bought a new stake in Orrstown Financial Services during the second quarter valued at about $167,000. Schwab Charles Investment Management Inc. bought a new stake in Orrstown Financial Services during the second quarter valued at about $201,000. Finally, Teachers Advisors Inc. bought a new stake in Orrstown Financial Services during the second quarter valued at about $212,000. Hedge funds and other institutional investors own 41.11% of the company’s stock.
Orrstown Financial Services Company Profile
Orrstown Financial Services, Inc is the bank holding company for Orrstown Bank (the Bank). The Bank is engaged in commercial banking and trust business. The Company operates through Community Banking segment. The Bank’s activities involve accepting demand, time and savings deposits, and granting loans.
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