Q1 2018 EPS Estimates for Orrstown Financial Services (ORRF) Lifted by Analyst

Orrstown Financial Services (NASDAQ:ORRF) – Boenning Scattergood boosted their Q1 2018 earnings estimates for shares of Orrstown Financial Services in a report released on Wednesday. Boenning Scattergood analyst M. Schultheis now expects that the bank will earn $0.34 per share for the quarter, up from their prior estimate of $0.33. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Orrstown Financial Services’ Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.39 EPS, FY2018 earnings at $1.48 EPS and FY2019 earnings at $1.65 EPS.

Separately, Zacks Investment Research raised shares of 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.

Orrstown Financial Services (NASDAQ:ORRF) traded down $0.15 during midday trading on Thursday, reaching $25.40. 8,800 shares of the company’s stock traded hands, compared to its average volume of 12,194. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $213.29, a price-to-earnings ratio of 20.94 and a beta of 0.66. Orrstown Financial Services has a 52 week low of $19.05 and a 52 week high of $26.95.

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

Large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its stake in Orrstown Financial Services by 4.7% in the second quarter. The Manufacturers Life Insurance Company now owns 5,281 shares of the bank’s stock worth $120,000 after acquiring an additional 235 shares during the period. SG Americas Securities LLC lifted its stake in Orrstown Financial Services by 27.6% in the second quarter. SG Americas Securities LLC now owns 7,852 shares of the bank’s stock worth $179,000 after acquiring an additional 1,697 shares during the period. Teachers Advisors LLC lifted its stake in Orrstown Financial Services by 7.5% in the second quarter. Teachers Advisors LLC now owns 12,604 shares of the bank’s stock worth $288,000 after acquiring an additional 875 shares during the period. Macquarie Group Ltd. bought a new position in Orrstown Financial Services in the third quarter worth about $292,000. Finally, Wedge Capital Management L L P NC bought a new position in Orrstown Financial Services in the third quarter worth about $344,000. 39.58% of the stock is 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.

Earnings History and Estimates for Orrstown Financial Services (NASDAQ:ORRF)

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