Orrstown Financial Services (ORRF) to Release Earnings on Tuesday

Orrstown Financial Services (NASDAQ:ORRF - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.99 per share and revenue of $51.83 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Orrstown Financial Services (NASDAQ:ORRF - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The bank reported $0.87 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.17). Orrstown Financial Services had a net margin of 7.70% and a return on equity of 15.77%. On average, analysts expect Orrstown Financial Services to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Orrstown Financial Services Stock Up 0.8 %

Orrstown Financial Services stock traded up $0.22 during midday trading on Friday, reaching $26.95. The stock had a trading volume of 260,100 shares, compared to its average volume of 112,744. The company has a fifty day moving average price of $30.40 and a two-hundred day moving average price of $34.88. Orrstown Financial Services has a 12 month low of $24.91 and a 12 month high of $41.99. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $525.66 million, a P/E ratio of 14.65 and a beta of 0.78.

Orrstown Financial Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were issued a dividend of $0.26 per share. This is an increase from Orrstown Financial Services's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.04 annualized dividend and a dividend yield of 3.86%. Orrstown Financial Services's payout ratio is currently 56.52%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Piper Sandler assumed coverage on shares of Orrstown Financial Services in a research note on Wednesday, January 8th. They set an "overweight" rating and a $43.00 price target for the company. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $42.00 price objective (down from $46.00) on shares of Orrstown Financial Services in a report on Monday, February 3rd. Finally, Raymond James started coverage on Orrstown Financial Services in a report on Thursday, April 10th. They issued an "outperform" rating and a $35.00 target price on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $38.80.

Insider Buying and Selling at Orrstown Financial Services

In related news, Director Scott V. Fainor purchased 3,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average cost of $31.17 per share, with a total value of $93,510.00. Following the acquisition, the director now owns 13,396 shares of the company's stock, valued at $417,553.32. This represents a 28.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John W. Giambalvo acquired 1,000 shares of the stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $30.80 per share, for a total transaction of $30,800.00. Following the transaction, the director now owns 40,562 shares of the company's stock, valued at approximately $1,249,309.60. This trade represents a 2.53 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 6,800 shares of company stock worth $211,892. Insiders own 4.70% of the company's stock.

About Orrstown Financial Services

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.