Orrstown Financial Services Inc. (NASDAQ:ORRF) will be announcing its earnings results before the market opens on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.23 per share for the quarter.

Orrstown Financial Services (NASDAQ:ORRF) last issued its earnings results on Thursday, July 28th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.13. Orrstown Financial Services had a net margin of 12.11% and a return on equity of 5.24%. On average, analysts expect Orrstown Financial Services to post $0.89 EPS for the current fiscal year and $1.12 EPS for the next fiscal year.

Earnings History for Orrstown Financial Services (NASDAQ:ORRF)

Shares of Orrstown Financial Services Inc. (NASDAQ:ORRF) opened at 19.83 on Tuesday. Orrstown Financial Services Inc. has a one year low of $16.51 and a one year high of $23.73. The firm has a 50 day moving average price of $20.92 and a 200-day moving average price of $19.29. The firm has a market cap of $164.19 million, a P/E ratio of 22.53 and a beta of 0.32.

ORRF has been the topic of a number of research analyst reports. Boenning Scattergood downgraded Orrstown Financial Services from an “outperform” rating to a “neutral” rating in a research note on Friday, September 30th. Zacks Investment Research downgraded Orrstown Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, Keefe, Bruyette & Woods downgraded Orrstown Financial Services from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $21.50 to $23.00 in a research note on Monday, September 12th.

Several large investors have recently bought and sold shares of the company. Bridgeway Capital Management Inc. boosted its stake in Orrstown Financial Services by 89.6% in the second quarter. Bridgeway Capital Management Inc. now owns 63,500 shares of the company’s stock worth $1,146,000 after buying an additional 30,000 shares during the period. State Street Corp bought a new stake in Orrstown Financial Services during the second quarter worth approximately $1,125,000. Teachers Advisors Inc. bought a new stake in Orrstown Financial Services during the second quarter worth approximately $212,000. BlackRock Institutional Trust Company N.A. boosted its stake in Orrstown Financial Services by 24.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 232,054 shares of the company’s stock worth $4,189,000 after buying an additional 45,391 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in Orrstown Financial Services by 680.6% in the second quarter. BlackRock Fund Advisors now owns 197,847 shares of the company’s stock worth $3,571,000 after buying an additional 172,501 shares during the period. 41.11% of the stock is currently owned by institutional investors.

Orrstown Financial Services Company Profile

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.

5 Day Chart for NASDAQ:ORRF

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