Orrstown Financial Services, Inc. (NASDAQ:ORRF) has been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating. Orrstown Financial Services’ rating score has declined by 20% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Zacks has also assigned Orrstown Financial Services an industry rank of 143 out of 255 based on the ratings given to its competitors.

ORRF has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Orrstown Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Keefe, Bruyette & Woods restated a “buy” rating and set a $34.00 price objective on shares of Orrstown Financial Services in a research note on Thursday, July 19th. Finally, ValuEngine lowered shares of Orrstown Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th.

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in shares of Orrstown Financial Services during the 2nd quarter worth about $101,000. Macquarie Group Ltd. grew its stake in Orrstown Financial Services by 327.2% in the 2nd quarter. Macquarie Group Ltd. now owns 16,843 shares of the bank’s stock valued at $438,000 after buying an additional 12,900 shares during the last quarter. Stifel Financial Corp acquired a new position in Orrstown Financial Services in the 1st quarter valued at about $431,000. Acadian Asset Management LLC grew its stake in Orrstown Financial Services by 318.5% in the 2nd quarter. Acadian Asset Management LLC now owns 41,098 shares of the bank’s stock valued at $1,068,000 after buying an additional 31,277 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Orrstown Financial Services by 301.3% in the 2nd quarter. Millennium Management LLC now owns 44,381 shares of the bank’s stock valued at $1,154,000 after buying an additional 33,323 shares during the last quarter. Institutional investors own 41.23% of the company’s stock.

ORRF traded up $0.59 during trading on Friday, hitting $24.10. The company had a trading volume of 14,024 shares, compared to its average volume of 14,221. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. Orrstown Financial Services has a one year low of $22.15 and a one year high of $27.05. The stock has a market capitalization of $199.94 million, a P/E ratio of 18.54 and a beta of 0.21.

Orrstown Financial Services (NASDAQ:ORRF) last issued its quarterly earnings results on Wednesday, July 18th. The bank reported $0.48 EPS for the quarter, topping the consensus estimate of $0.39 by $0.09. The firm had revenue of $17.86 million for the quarter, compared to analysts’ expectations of $17.58 million. Orrstown Financial Services had a net margin of 13.36% and a return on equity of 9.05%. On average, equities research analysts predict that Orrstown Financial Services will post 1.7 EPS for the current fiscal year.

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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