Orrstown Financial Services, Inc. (NASDAQ:ORRF) shares reached a new 52-week low during trading on Thursday . The company traded as low as $19.75 and last traded at $19.75, with a volume of 267 shares. The stock had previously closed at $20.05.

ORRF has been the subject of a number of research reports. Boenning Scattergood raised shares of Orrstown Financial Services from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a report on Thursday, October 25th. Zacks Investment Research lowered shares of Orrstown Financial Services from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $29.67.

The firm has a market cap of $189.13 million, a PE ratio of 15.04 and a beta of 0.47. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.57.

Orrstown Financial Services (NASDAQ:ORRF) last issued its quarterly earnings data on Wednesday, October 17th. The bank reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The business had revenue of $18.20 million during the quarter, compared to analyst estimates of $17.87 million. Orrstown Financial Services had a net margin of 14.34% and a return on equity of 9.89%. Equities analysts expect that Orrstown Financial Services, Inc. will post 1.81 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Orrstown Financial Services by 0.8% in the 3rd quarter. BlackRock Inc. now owns 538,550 shares of the bank’s stock valued at $12,818,000 after buying an additional 4,141 shares during the last quarter. Deprince Race & Zollo Inc. raised its holdings in Orrstown Financial Services by 20.9% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 342,755 shares of the bank’s stock valued at $8,158,000 after buying an additional 59,328 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Orrstown Financial Services by 34.7% in the 2nd quarter. Renaissance Technologies LLC now owns 279,900 shares of the bank’s stock valued at $7,277,000 after buying an additional 72,100 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Orrstown Financial Services by 23.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 143,622 shares of the bank’s stock valued at $3,418,000 after purchasing an additional 27,346 shares during the period. Finally, EJF Capital LLC increased its position in Orrstown Financial Services by 36.6% during the 3rd quarter. EJF Capital LLC now owns 100,432 shares of the bank’s stock valued at $2,390,000 after purchasing an additional 26,932 shares during the period. Institutional investors and hedge funds own 38.15% of the company’s stock.

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Orrstown Financial Services Company Profile (NASDAQ:ORRF)

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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