ValuEngine upgraded shares of Orrstown Financial Services (NASDAQ:ORRF) from a buy rating to a strong-buy rating in a research report report published on Friday.
Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Orrstown Financial Services from a strong sell rating to a hold rating in a report on Wednesday, March 28th. Boenning Scattergood restated a hold rating on shares of Orrstown Financial Services in a report on Thursday, January 25th.
ORRF stock traded down $0.05 during trading on Friday, hitting $24.00. 21,052 shares of the company traded hands, compared to its average volume of 16,361. The stock has a market capitalization of $202.31, a PE ratio of 18.50 and a beta of 0.41. Orrstown Financial Services has a 1 year low of $19.65 and a 1 year high of $26.95. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.79 and a quick ratio of 0.78.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Orrstown Financial Services by 0.7% during the 4th quarter. BlackRock Inc. now owns 524,850 shares of the bank’s stock valued at $13,253,000 after acquiring an additional 3,602 shares during the period. Renaissance Technologies LLC lifted its holdings in Orrstown Financial Services by 10.3% in the 4th quarter. Renaissance Technologies LLC now owns 214,127 shares of the bank’s stock worth $5,407,000 after buying an additional 20,027 shares during the period. State Street Corp lifted its holdings in Orrstown Financial Services by 7.0% in the 2nd quarter. State Street Corp now owns 102,012 shares of the bank’s stock worth $2,330,000 after buying an additional 6,696 shares during the period. Wells Fargo & Company MN lifted its holdings in Orrstown Financial Services by 23.6% in the 4th quarter. Wells Fargo & Company MN now owns 98,891 shares of the bank’s stock worth $2,497,000 after buying an additional 18,914 shares during the period. Finally, Pacific Ridge Capital Partners LLC lifted its holdings in Orrstown Financial Services by 3.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 92,633 shares of the bank’s stock worth $2,339,000 after buying an additional 2,840 shares during the period. Institutional investors own 39.87% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This article was reported by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3338372/orrstown-financial-services-orrf-upgraded-to-strong-buy-at-valuengine.html.
Orrstown Financial Services Company Profile
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.
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.