Shares of Orrstown Financial Services, Inc. Common Stock (NASDAQ:ORRF) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation. Orrstown Financial Services, Inc. Common Stock’s rating score has declined by 20% in the last three months as a result of various analysts’ ratings changes.

Zacks has also given Orrstown Financial Services, Inc. Common Stock an industry rank of 163 out of 255 based on the ratings given to related companies.

A number of equities research analysts recently issued reports on the stock. ValuEngine cut shares of Orrstown Financial Services, Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Zacks Investment Research upgraded shares of Orrstown Financial Services, Inc. Common Stock from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a report on Tuesday, July 24th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $34.00 price objective on shares of Orrstown Financial Services, Inc. Common Stock in a report on Thursday, July 19th. Finally, Sandler O’Neill upgraded shares of Orrstown Financial Services, Inc. Common Stock from a “hold” rating to a “buy” rating in a report on Friday, June 8th.

In other Orrstown Financial Services, Inc. Common Stock news, Director Joel R. Zullinger sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $25.77, for a total transaction of $25,770.00. Following the completion of the sale, the director now directly owns 37,949 shares in the company, valued at $977,945.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony F. Ceddia sold 1,255 shares of the company’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $26.11, for a total transaction of $32,768.05. Following the sale, the director now owns 7,110 shares of the company’s stock, valued at $185,642.10. The disclosure for this sale can be found here. Insiders have sold 2,755 shares of company stock valued at $71,898 over the last 90 days. Corporate insiders own 5.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in shares of Orrstown Financial Services, Inc. Common Stock by 301.3% in the second 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 period. Macquarie Group Ltd. lifted its stake in shares of Orrstown Financial Services, Inc. Common Stock by 327.2% in the second 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 period. Renaissance Technologies LLC lifted its stake in shares of Orrstown Financial Services, Inc. Common Stock by 34.7% in the second 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 period. Dimensional Fund Advisors LP lifted its stake in shares of Orrstown Financial Services, Inc. Common Stock by 37.2% in the second quarter. Dimensional Fund Advisors LP now owns 116,276 shares of the bank’s stock valued at $3,023,000 after buying an additional 31,522 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Orrstown Financial Services, Inc. Common Stock by 2.7% in the second quarter. BlackRock Inc. now owns 534,409 shares of the bank’s stock valued at $13,895,000 after buying an additional 13,901 shares during the period. Institutional investors own 46.73% of the company’s stock.

Shares of NASDAQ ORRF traded up $0.05 during mid-day trading on Wednesday, reaching $25.85. The company had a trading volume of 4,190 shares, compared to its average volume of 11,963. The company has a market capitalization of $216.32 million, a PE ratio of 19.88 and a beta of 0.15. Orrstown Financial Services, Inc. Common Stock has a twelve month low of $23.40 and a twelve month high of $27.05. 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, Inc. Common Stock (NASDAQ:ORRF) last issued its quarterly earnings data on Friday, July 27th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.09. The firm had revenue of $17.86 million during the quarter, compared to analysts’ expectations of $17.58 million. Orrstown Financial Services, Inc. Common Stock had a net margin of 13.36% and a return on equity of 9.05%. analysts predict that Orrstown Financial Services, Inc. Common Stock will post 1.7 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 3rd. Investors of record on Saturday, July 28th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Thursday, July 26th. Orrstown Financial Services, Inc. Common Stock’s dividend payout ratio is presently 40.00%.

About Orrstown Financial Services, Inc. Common Stock

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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