Q4 2017 EPS Estimates for Orrstown Financial Services (ORRF) Cut by Boenning Scattergood

Orrstown Financial Services (NASDAQ:ORRF) – Stock analysts at Boenning Scattergood cut their Q4 2017 earnings per share (EPS) estimates for Orrstown Financial Services in a research report issued to clients and investors on Wednesday. Boenning Scattergood analyst M. Schultheis now expects that the bank will post earnings per share of $0.08 for the quarter, down from their previous forecast of $0.38. Boenning Scattergood currently has a “Hold” rating on the stock.

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

Separately, Zacks Investment Research lowered Orrstown Financial Services from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th.

Shares of Orrstown Financial Services (ORRF) opened at $25.25 on Friday. Orrstown Financial Services has a 52-week low of $19.05 and a 52-week high of $26.95. The stock has a market capitalization of $206.61, a PE ratio of 20.29 and a beta of 0.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.76 and a current ratio of 0.76.

Hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of Orrstown Financial Services by 4.7% during 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 last quarter. SG Americas Securities LLC increased its position in shares of Orrstown Financial Services by 27.6% during 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 last quarter. Macquarie Group Ltd. purchased a new stake in shares of Orrstown Financial Services during the third quarter worth about $292,000. Teachers Advisors LLC increased its position in shares of Orrstown Financial Services by 7.5% during 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 last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of Orrstown Financial Services during the third quarter worth about $344,000. 39.58% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another site, it was illegally copied and republished in violation of international trademark and copyright laws. The correct version of this news story can be read at https://www.com-unik.info/2017/12/23/q4-2017-eps-estimates-for-orrstown-financial-services-orrf-cut-by-boenning-scattergood.html.

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)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit