Orrstown Financial Services, Inc. (NASDAQ:ORRF) has earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Orrstown Financial Services’ rating score has declined by 100% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokerages have set a 1-year consensus price target of $22.50 for the company and are predicting that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Orrstown Financial Services an industry rank of 187 out of 256 based on the ratings given to its competitors.

A number of equities research analysts have recently issued reports on ORRF shares. Zacks Investment Research raised shares of Orrstown Financial Services from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Saturday, January 19th. ValuEngine raised shares of Orrstown Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Sandler O’Neill lowered shares of Orrstown Financial Services from a “buy” rating to a “hold” rating and dropped their target price for the stock from $22.00 to $21.50 in a report on Friday, March 29th.

Several institutional investors have recently added to or reduced their stakes in the company. Martingale Asset Management L P grew its holdings in shares of Orrstown Financial Services by 2.8% during the first quarter. Martingale Asset Management L P now owns 28,812 shares of the bank’s stock worth $536,000 after buying an additional 797 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Orrstown Financial Services by 1.3% in the first quarter. Northern Trust Corp now owns 81,318 shares of the bank’s stock valued at $1,512,000 after purchasing an additional 1,035 shares during the period. Bank of America Corp DE grew its holdings in shares of Orrstown Financial Services by 20.5% in the fourth quarter. Bank of America Corp DE now owns 6,909 shares of the bank’s stock valued at $127,000 after purchasing an additional 1,177 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Orrstown Financial Services by 517.6% in the first quarter. BNP Paribas Arbitrage SA now owns 1,575 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,320 shares during the period. Finally, Penn Capital Management Co. Inc. grew its holdings in shares of Orrstown Financial Services by 3.5% in the first quarter. Penn Capital Management Co. Inc. now owns 46,635 shares of the bank’s stock valued at $867,000 after purchasing an additional 1,591 shares during the period. 39.37% of the stock is owned by institutional investors and hedge funds.

NASDAQ:ORRF remained flat at $$20.94 during trading hours on Friday. 6,841 shares of the company’s stock were exchanged, compared to its average volume of 45,344. Orrstown Financial Services has a 52 week low of $17.30 and a 52 week high of $27.05. The firm has a market capitalization of $197.79 million, a PE ratio of 11.57 and a beta of 0.67. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.81 and a quick ratio of 0.81.

Orrstown Financial Services (NASDAQ:ORRF) last released its earnings results on Wednesday, April 24th. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. Orrstown Financial Services had a net margin of 13.42% and a return on equity of 9.45%. The business had revenue of $19.92 million during the quarter, compared to analyst estimates of $19.65 million. Equities research analysts predict that Orrstown Financial Services will post 1.69 earnings per share for the current year.

The firm also recently announced a dividend, which will be paid on Friday, July 5th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.15 per share. This is a positive change from Orrstown Financial Services’s previous dividend of $0.07. The ex-dividend date is Monday, April 29th. Orrstown Financial Services’s dividend payout ratio is presently 33.15%.

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.

Further Reading: Calculating net profit and net profit margin ratio

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