Orrstown Financial Services (ORRF) Upgraded at ValuEngine
ValuEngine upgraded shares of Orrstown Financial Services (NASDAQ:ORRF) from a hold rating to a buy rating in a report issued on Friday morning.
Several other equities research analysts have also recently commented on the company. Zacks Investment Research raised Orrstown Financial Services from a hold rating to a buy rating and set a $30.00 target price for the company in a research note on Tuesday, October 31st. Boenning Scattergood reissued a hold rating on shares of Orrstown Financial Services in a research note on Friday, October 27th.
Shares of Orrstown Financial Services (NASDAQ:ORRF) opened at $25.20 on Friday. Orrstown Financial Services has a twelve month low of $19.05 and a twelve month high of $26.95. The firm has a market capitalization of $208.70, a price-to-earnings ratio of 25.71 and a beta of 0.41. 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 company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Saturday, February 3rd will be paid a $0.12 dividend. This is a boost from Orrstown Financial Services’s previous quarterly dividend of $0.07. This represents a $0.48 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, February 1st. Orrstown Financial Services’s dividend payout ratio (DPR) is 48.98%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ORRF. Orrstown Financial Services Inc. increased its stake in shares of Orrstown Financial Services by 57,850.0% in the 4th quarter. Orrstown Financial Services Inc. now owns 4,636 shares of the bank’s stock valued at $117,000 after buying an additional 4,628 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of 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 valued at $120,000 after buying an additional 235 shares during the period. Acadian Asset Management LLC increased its stake in shares of Orrstown Financial Services by 110.4% in the 4th quarter. Acadian Asset Management LLC now owns 5,258 shares of the bank’s stock valued at $133,000 after buying an additional 2,759 shares during the period. Teachers Advisors LLC increased its stake in shares of Orrstown Financial Services by 7.5% in the 2nd quarter. Teachers Advisors LLC now owns 12,604 shares of the bank’s stock valued at $288,000 after buying an additional 875 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in shares of Orrstown Financial Services in the 3rd quarter valued at $292,000. 39.64% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: “Orrstown Financial Services (ORRF) Upgraded at ValuEngine” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2018/02/06/orrstown-financial-services-orrf-upgraded-at-valuengine.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Orrstown Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orrstown Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.