Orrstown Financial Services Inc (ORRF) to Release Earnings on Wednesday
Orrstown Financial Services Inc (NASDAQ:ORRF) will be posting its quarterly earnings results before the market opens on Wednesday, October 25th. Analysts expect Orrstown Financial Services to post earnings of $0.34 per share for the quarter.
Orrstown Financial Services (NASDAQ:ORRF) last announced its earnings results on Wednesday, July 26th. The bank reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.13. Orrstown Financial Services had a return on equity of 6.25% and a net margin of 13.25%. The firm had revenue of $16.34 million for the quarter, compared to analyst estimates of $16.09 million. On average, analysts expect Orrstown Financial Services to post $1.35 EPS for the current fiscal year and $1.4 EPS for the next fiscal year.
Orrstown Financial Services Inc (ORRF) opened at 24.75 on Wednesday. Orrstown Financial Services Inc has a 12 month low of $18.05 and a 12 month high of $26.55. The stock’s 50 day moving average price is $24.72 and its 200-day moving average price is $23.04. The stock has a market cap of $206.49 million, a price-to-earnings ratio of 23.33 and a beta of 0.81.
A hedge fund recently raised its stake in Orrstown Financial Services stock. The Manufacturers Life Insurance Company raised its position in Orrstown Financial Services Inc (NASDAQ:ORRF) by 4.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,281 shares of the bank’s stock after purchasing an additional 235 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of Orrstown Financial Services worth $120,000 at the end of the most recent reporting period. 37.97% of the stock is owned by institutional investors.
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ORRF has been the topic of several research reports. Keefe, Bruyette & Woods raised Orrstown Financial Services from a “market perform” rating to an “outperform” rating and upped their target price for the company from $24.00 to $28.00 in a report on Thursday, July 27th. Zacks Investment Research raised Orrstown Financial Services from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Saturday, July 29th.
About Orrstown Financial Services
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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