Orrstown Financial Services (ORRF) Getting Somewhat Positive News Coverage, Study Finds
News headlines about Orrstown Financial Services (NASDAQ:ORRF) have trended somewhat positive on Tuesday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Orrstown Financial Services earned a news impact score of 0.06 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.2509579734247 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Orrstown Financial Services (NASDAQ:ORRF) opened at 24.80 on Tuesday. Orrstown Financial Services has a 52 week low of $18.05 and a 52 week high of $26.55. The stock’s 50 day moving average price is $24.84 and its 200-day moving average price is $22.50. The stock has a market capitalization of $206.91 million, a P/E ratio of 23.37 and a beta of 0.89.
Orrstown Financial Services (NASDAQ:ORRF) last released its quarterly earnings results on Wednesday, July 26th. The bank reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.13. The company had revenue of $16.34 million for the quarter, compared to analysts’ expectations of $16.09 million. Orrstown Financial Services had a return on equity of 6.25% and a net margin of 13.25%. Equities research analysts expect that Orrstown Financial Services will post $1.34 earnings per share for the current year.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Orrstown Financial Services from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Saturday, July 29th. Keefe, Bruyette & Woods raised Orrstown Financial Services from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $24.00 to $28.00 in a research note on Thursday, July 27th.
WARNING: This piece of content was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/19/orrstown-financial-services-orrf-getting-somewhat-positive-news-coverage-study-finds.html.
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.
Receive News & Stock Ratings for Orrstown Financial Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orrstown Financial Services Inc and related stocks with our FREE daily email newsletter.