Orrstown Financial Services Inc (NASDAQ:ORRF) Receives $39.25 Consensus Price Target from Brokerages

by · The Cerbat Gem

Shares of Orrstown Financial Services Inc (NASDAQ:ORRF – Get Free Report) have received an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $39.25.

A number of brokerages recently commented on ORRF. Weiss Ratings reissued a “hold (c+)” rating on shares of Orrstown Financial Services in a research note on Wednesday, October 8th. Zacks Research cut Orrstown Financial Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd.

Get Our Latest Research Report on ORRF

Orrstown Financial Services Stock Performance

ORRF opened at $37.35 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. The stock has a market capitalization of $728.33 million, a price-to-earnings ratio of 9.88 and a beta of 0.82. The company has a fifty day moving average of $34.85 and a 200 day moving average of $33.79. Orrstown Financial Services has a fifty-two week low of $25.57 and a fifty-two week high of $38.94.

Orrstown Financial Services (NASDAQ:ORRF – Get Free Report) last released its quarterly earnings data on Tuesday, November 8th. The bank reported $0.65 EPS for the quarter. The business had revenue of $28.27 million during the quarter. Orrstown Financial Services had a net margin of 20.48% and a return on equity of 14.39%. As a group, sell-side analysts forecast that Orrstown Financial Services will post 4.23 earnings per share for the current fiscal year.

Orrstown Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Wednesday, November 5th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, November 5th. Orrstown Financial Services’s payout ratio is currently 28.57%.

Hedge Funds Weigh In On Orrstown Financial Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Caldwell Trust Co bought a new stake in shares of Orrstown Financial Services in the 2nd quarter worth about $25,000. State of Alaska Department of Revenue purchased a new position in Orrstown Financial Services in the third quarter worth about $26,000. Financial Consulate Inc. bought a new stake in Orrstown Financial Services during the third quarter worth approximately $36,000. Quarry LP purchased a new stake in Orrstown Financial Services during the third quarter valued at approximately $42,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Orrstown Financial Services in the 2nd quarter valued at approximately $45,000. 44.27% of the stock is owned by hedge funds and other institutional investors.

Orrstown Financial Services Company Profile

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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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