Orrstown Financial Services Inc (NASDAQ:ORRF) – Stock analysts at Boenning Scattergood increased their FY2017 earnings per share estimates for shares of Orrstown Financial Services in a report issued on Friday. Boenning Scattergood analyst M. Schultheis now anticipates that the bank will post earnings per share of $1.37 for the year, up from their prior estimate of $1.35. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Orrstown Financial Services’ Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.37 EPS and FY2019 earnings at $1.55 EPS.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Orrstown Financial Services from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Saturday, July 29th. Keefe, Bruyette & Woods raised shares of Orrstown Financial Services from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $24.00 to $28.00 in a report on Thursday, July 27th.
Orrstown Financial Services (ORRF) opened at 26.70 on Monday. The company has a market cap of $222.76 million, a PE ratio of 25.16 and a beta of 0.81. The firm has a 50-day moving average of $25.02 and a 200 day moving average of $23.33. Orrstown Financial Services has a 52-week low of $18.05 and a 52-week high of $26.95.
Orrstown Financial Services (NASDAQ:ORRF) last announced its quarterly earnings data on Wednesday, October 25th. The bank reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Orrstown Financial Services had a net margin of 16.98% and a return on equity of 7.74%. The business had revenue of $16.34 million during the quarter, compared to the consensus estimate of $16.25 million.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Monday, November 6th will be paid a dividend of $0.12 per share. This is a positive change from Orrstown Financial Services’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, November 3rd. This represents a $0.48 annualized dividend and a yield of 1.80%. Orrstown Financial Services’s dividend payout ratio (DPR) is presently 32.79%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Deprince Race & Zollo Inc. boosted its stake in Orrstown Financial Services by 10.9% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 314,936 shares of the bank’s stock worth $7,196,000 after acquiring an additional 30,973 shares during the last quarter. State Street Corp lifted its position in shares of Orrstown Financial Services by 7.0% in the second quarter. State Street Corp now owns 102,012 shares of the bank’s stock worth $2,330,000 after purchasing an additional 6,696 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Orrstown Financial Services by 1.5% in the second quarter. Wells Fargo & Company MN now owns 89,892 shares of the bank’s stock worth $2,055,000 after purchasing an additional 1,310 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Orrstown Financial Services by 17.0% in the first quarter. Wellington Management Group LLP now owns 79,813 shares of the bank’s stock worth $1,784,000 after purchasing an additional 11,578 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Orrstown Financial Services by 1.8% in the second quarter. Northern Trust Corp now owns 77,865 shares of the bank’s stock worth $1,779,000 after purchasing an additional 1,400 shares in the last quarter. 38.00% of the stock is currently owned by institutional investors and hedge funds.
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.
What are top analysts saying about Orrstown Financial Services Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Orrstown Financial Services Inc and related companies.