Orrstown Financial Services, Inc. (NASDAQ:ORRF) Director Joel R. Zullinger sold 1,000 shares of Orrstown Financial Services stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $25.77, for a total value of $25,770.00. Following the transaction, the director now directly owns 37,949 shares in the company, valued at $977,945.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Orrstown Financial Services traded up $0.10, reaching $25.95, during trading on Thursday, according to MarketBeat. The company had a trading volume of 9 shares, compared to its average volume of 14,458. The stock has a market capitalization of $218.29 million, a P/E ratio of 20.00 and a beta of 0.38. Orrstown Financial Services, Inc. has a 12-month low of $20.40 and a 12-month high of $26.95. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.59.
Orrstown Financial Services (NASDAQ:ORRF) last issued its quarterly earnings results on Wednesday, April 18th. The bank reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.12. The firm had revenue of $17.39 million for the quarter, compared to analysts’ expectations of $16.04 million. Orrstown Financial Services had a return on equity of 8.59% and a net margin of 12.91%. research analysts predict that Orrstown Financial Services, Inc. will post 1.55 earnings per share for the current year.
A number of research analysts recently issued reports on the company. Sandler O’Neill raised Orrstown Financial Services from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. ValuEngine cut Orrstown Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 4th. Finally, Zacks Investment Research raised Orrstown Financial Services from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research note on Tuesday, April 24th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $28.50.
About Orrstown Financial Services
Orrstown Financial Services, Inc operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The company accepts various deposits, including checking, savings, time, demand, and money market deposits. It also offers commercial loans, such as commercial real estate, equipment, working capital, and other commercial purpose loans; consumer loans comprising home equity and other consumer loans, as well as home equity lines of credit; residential mortgage loans; agribusiness loans; acquisition and development loans; municipal loans; and installment and other loans.
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