Orrstown Financial Services (NASDAQ:ORRF - Free Report) had its target price hoisted by Hovde Group from $37.00 to $42.00 in a research report report published on Wednesday morning, Marketbeat.com reports. Hovde Group currently has an outperform rating on the bank's stock.
Separately, Janney Montgomery Scott assumed coverage on shares of Orrstown Financial Services in a research report on Friday, June 28th. They issued a "buy" rating and a $32.00 target price on the stock.
View Our Latest Research Report on ORRF
Orrstown Financial Services Stock Performance
Shares of ORRF stock traded up $1.16 during mid-day trading on Wednesday, reaching $37.56. 212,718 shares of the company's stock traded hands, compared to its average volume of 75,140. The firm has a market capitalization of $727.54 million, a PE ratio of 12.34 and a beta of 0.90. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a 50 day moving average price of $35.26 and a two-hundred day moving average price of $30.38. Orrstown Financial Services has a 12 month low of $20.00 and a 12 month high of $38.81.
Orrstown Financial Services (NASDAQ:ORRF - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.19. Orrstown Financial Services had a net margin of 17.26% and a return on equity of 13.45%. The company had revenue of $95.37 million for the quarter, compared to analyst estimates of $60.90 million. On average, research analysts forecast that Orrstown Financial Services will post 3.61 EPS for the current year.
Institutional Trading of Orrstown Financial Services
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in shares of Orrstown Financial Services during the 1st quarter worth approximately $31,000. CWM LLC raised its position in Orrstown Financial Services by 227.9% in the second quarter. CWM LLC now owns 1,692 shares of the bank's stock valued at $46,000 after purchasing an additional 1,176 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Orrstown Financial Services by 92.9% during the first quarter. BNP Paribas Financial Markets now owns 5,227 shares of the bank's stock worth $140,000 after acquiring an additional 2,518 shares during the last quarter. SG Americas Securities LLC bought a new stake in Orrstown Financial Services in the second quarter worth approximately $154,000. Finally, Fulton Bank N.A. bought a new stake in shares of Orrstown Financial Services during the third quarter valued at approximately $209,000. 44.27% of the stock is owned by institutional investors.
Orrstown Financial Services Company Profile
(
Get Free Report)
Orrstown Financial Services, Inc operates as the financial holding company for Orrstown Bank that provides commercial banking and financial advisory services to retail, commercial, non-profit, and government clients in the United States. It accepts various deposits, including checking, savings, time, demand, and money market deposits, as well as certificates of deposit.
Read More
Before you consider Orrstown Financial Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Orrstown Financial Services wasn't on the list.
While Orrstown Financial Services currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
