Orrstown Financial Services (NASDAQ:ORRF) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Sunday.

ORRF has been the subject of several other reports. Zacks Investment Research upgraded Orrstown Financial Services from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, October 31st. Boenning Scattergood reaffirmed a “hold” rating on shares of Orrstown Financial Services in a research report on Friday, October 27th.

Orrstown Financial Services (NASDAQ ORRF) traded down $0.45 on Friday, reaching $25.25. The company had a trading volume of 7,400 shares, compared to its average volume of 12,117. Orrstown Financial Services has a 12-month low of $19.05 and a 12-month high of $26.95. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.44. The firm has a market cap of $210.79, a price-to-earnings ratio of 20.70 and a beta of 0.67.

Orrstown Financial Services (NASDAQ:ORRF) last posted its earnings results on Wednesday, October 25th. The bank reported $0.34 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. Orrstown Financial Services had a return on equity of 7.15% and a net margin of 14.58%. The firm had revenue of $16.34 million during the quarter, compared to analyst estimates of $16.25 million.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its position in Orrstown Financial Services by 4.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,281 shares of the bank’s stock worth $120,000 after buying an additional 235 shares during the period. TIAA CREF Investment Management LLC increased its position in Orrstown Financial Services by 2.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 20,938 shares of the bank’s stock worth $478,000 after buying an additional 513 shares during the period. Teachers Advisors LLC increased its position in Orrstown Financial Services by 7.5% in the 2nd quarter. Teachers Advisors LLC now owns 12,604 shares of the bank’s stock worth $288,000 after buying an additional 875 shares during the period. Wells Fargo & Company MN increased its position in Orrstown Financial Services by 1.5% in the 2nd quarter. Wells Fargo & Company MN now owns 89,892 shares of the bank’s stock worth $2,055,000 after buying an additional 1,310 shares during the period. Finally, Northern Trust Corp increased its position in Orrstown Financial Services by 1.8% in the 2nd quarter. Northern Trust Corp now owns 77,865 shares of the bank’s stock worth $1,779,000 after buying an additional 1,400 shares during the period. 39.58% of the stock is currently owned by institutional investors.

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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.

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