Orrstown Financial Services (NASDAQ:ORRF) – Investment analysts at Boenning Scattergood lowered their Q4 2017 earnings per share estimates for shares of Orrstown Financial Services in a research report issued on Wednesday. Boenning Scattergood analyst M. Schultheis now expects that the bank will earn $0.08 per share for the quarter, down from their previous estimate of $0.38. Boenning Scattergood has a “Hold” rating on the stock.

Orrstown Financial Services (NASDAQ:ORRF) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Orrstown Financial Services had a net margin of 14.58% and a return on equity of 7.15%. The company had revenue of $16.34 million for the quarter, compared to analyst estimates of $16.25 million.

Separately, Zacks Investment Research lowered shares of Orrstown Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th.

Shares of Orrstown Financial Services (NASDAQ:ORRF) opened at $25.25 on Friday. The company has a market cap of $214.92, a PE ratio of 20.70 and a beta of 0.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.76 and a quick ratio of 0.76. Orrstown Financial Services has a 12-month low of $19.05 and a 12-month high of $26.95.

Several institutional investors and hedge funds have recently bought and sold shares of ORRF. Dimensional Fund Advisors LP grew its stake in Orrstown Financial Services by 98.6% during the third quarter. Dimensional Fund Advisors LP now owns 41,110 shares of the bank’s stock valued at $1,024,000 after acquiring an additional 20,414 shares in the last quarter. Kennedy Capital Management Inc. purchased a new position in Orrstown Financial Services during the second quarter valued at approximately $442,000. Wedge Capital Management L L P NC purchased a new position in Orrstown Financial Services during the third quarter valued at approximately $344,000. Macquarie Group Ltd. purchased a new position in Orrstown Financial Services during the third quarter valued at approximately $292,000. Finally, State Street Corp grew its stake in Orrstown Financial Services by 7.0% during the second quarter. State Street Corp now owns 102,012 shares of the bank’s stock valued at $2,330,000 after acquiring an additional 6,696 shares in the last quarter. Hedge funds and other institutional investors own 39.58% of the company’s stock.

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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.

Earnings History and Estimates for Orrstown Financial Services (NASDAQ:ORRF)

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