Orrstown Financial Services Inc (NASDAQ:ORRF) Receives $39.25 Consensus Price Target from Brokerages

Shares of Orrstown Financial Services Inc (NASDAQ:ORRF) have received an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $39.25.

A number of brokerages recently commented on ORRF. Weiss Ratings reissued a “hold (c+)” rating on shares of Orrstown Financial Services in a research note on Wednesday, October 8th. Zacks Research cut Orrstown Financial Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd.

Orrstown Financial Services Stock Performance

ORRF opened at $37.35 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $728.33 million, a price-to-earnings ratio of 9.88 and a beta of 0.82. The company has a fifty day moving average of $34.85 and a 200 day moving average of $33.79. Orrstown Financial Services has a fifty-two week low of $25.57 and a fifty-two week high of $38.94.

Orrstown Financial Services (NASDAQ:ORRF) last released its quarterly earnings data on Tuesday, November 8th. The bank reported $0.65 EPS for the quarter. The business had revenue of $28.27 million during the quarter. Orrstown Financial Services had a net margin of 20.48% and a return on equity of 14.39%. As a group, sell-side analysts forecast that Orrstown Financial Services will post 4.23 earnings per share for the current fiscal year.

Orrstown Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Wednesday, November 5th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, November 5th. Orrstown Financial Services’s payout ratio is currently 28.57%.

Hedge Funds Weigh In On Orrstown Financial Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Caldwell Trust Co bought a new stake in shares of Orrstown Financial Services in the 2nd quarter worth about $25,000. State of Alaska Department of Revenue purchased a new position in Orrstown Financial Services in the third quarter worth about $26,000. Financial Consulate Inc. bought a new stake in Orrstown Financial Services during the third quarter worth approximately $36,000. Quarry LP purchased a new stake in Orrstown Financial Services during the third quarter valued at approximately $42,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Orrstown Financial Services in the 2nd quarter valued at approximately $45,000. 44.27% of the stock is owned by hedge funds and other institutional investors.

Orrstown Financial Services Company Profile

Orrstown Financial Services, Inc operates as the financial holding company for Orrstown Bank that provides commercial banking and financial advisory services to retail, commercial, non-profit, and government clients in the United States. It accepts various deposits, including checking, savings, time, demand, and money market deposits, as well as certificates of deposit.