Orrstown Financial Services Inc. (NASDAQ:ORRF) – Equities researchers at Boenning Scattergood issued their Q1 2017 EPS estimates for Orrstown Financial Services in a note issued to investors on Friday. Boenning Scattergood analyst M. Schultheis expects that the firm will post earnings per share of $0.25 for the quarter. Boenning Scattergood has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for Orrstown Financial Services’ Q2 2017 earnings at $0.26 EPS, Q3 2017 earnings at $0.32 EPS, Q4 2017 earnings at $0.29 EPS and FY2018 earnings at $1.17 EPS.
ORRF has been the subject of several other reports. Keefe, Bruyette & Woods cut Orrstown Financial Services from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $21.50 to $23.00 in a report on Monday, September 12th. Zacks Investment Research cut Orrstown Financial Services from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 30th.
Orrstown Financial Services (NASDAQ:ORRF) opened at 19.75 on Monday. The firm has a market cap of $163.53 million, a price-to-earnings ratio of 22.44 and a beta of 0.42. Orrstown Financial Services has a 52 week low of $16.51 and a 52 week high of $23.73. The stock’s 50 day moving average price is $20.96 and its 200 day moving average price is $19.06.
Orrstown Financial Services (NASDAQ:ORRF) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.13. Orrstown Financial Services had a net margin of 12.11% and a return on equity of 5.24%.
A number of hedge funds have recently added to or reduced their stakes in ORRF. Renaissance Technologies LLC boosted its stake in Orrstown Financial Services by 5.0% in the first quarter. Renaissance Technologies LLC now owns 129,700 shares of the company’s stock valued at $2,246,000 after buying an additional 6,200 shares during the last quarter. RMB Capital Management LLC raised its position in Orrstown Financial Services by 4.6% in the first quarter. RMB Capital Management LLC now owns 288,872 shares of the company’s stock worth $5,003,000 after buying an additional 12,700 shares during the period. BlackRock Fund Advisors raised its position in Orrstown Financial Services by 1.2% in the first quarter. BlackRock Fund Advisors now owns 25,346 shares of the company’s stock worth $439,000 after buying an additional 308 shares during the period. Bridgeway Capital Management Inc. raised its position in Orrstown Financial Services by 89.6% in the second quarter. Bridgeway Capital Management Inc. now owns 63,500 shares of the company’s stock worth $1,146,000 after buying an additional 30,000 shares during the period. Finally, State Street Corp bought a new position in Orrstown Financial Services during the second quarter worth approximately $1,125,000. 41.11% of the stock is 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.
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