Orrstown Financial Services, Inc. (NASDAQ: ORRF) to report earnings of $ 0.67 per share


Stock analysts expect Orrstown Financial Services, Inc. (NASDAQ: ORRF) to report earnings of $ 0.67 per share for the current quarter, according to Zacks. Two analysts have estimated the earnings of Orrstown Financial Services. The lowest EPS estimate is $ 0.66 and the highest is $ 0.67. Orrstown Financial Services reported earnings of $ 0.91 per share for the same quarter last year, indicating a negative year-over-year growth rate of 26.4%. The company is expected to report its next quarterly results on Wednesday, January 19.

On average, analysts expect Orrstown Financial Services to report annual earnings of $ 3.03 per share for the current year, with EPS estimates ranging from $ 3.02 to $ 3.03. For next year, analysts expect the company to post earnings of $ 2.37 per share, with EPS estimates ranging from $ 2.29 to $ 2.45. Zacks EPS Averages is an average based on a survey of seller-side analysts who provide coverage for Orrstown Financial Services.

Orrstown Financial Services (NASDAQ: ORRF) last reported its quarterly results on Monday, October 18. The bank reported $ 0.65 of EPS for the quarter, hitting the Zacks consensus estimate of $ 0.65. The company posted revenue of $ 28.27 million for the quarter, compared to analysts’ expectations of $ 26.79 million. Orrstown Financial Services delivered a return on equity of 14.00% and a net margin of 28.93%.

Meanwhile, Zacks Investment Research upgraded Orrstown Financial Services from a “sell” rating to a “custody” rating in a research note on Saturday, October 23.

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Separately, CEO Thomas R. Quinn, Jr. sold 8,273 shares of the company in a transaction that took place on Wednesday, September 22. The stock was sold for an average price of $ 22.50, for a total trade of $ 186,142.50. The transaction was disclosed in a legal file with the SEC, which is available on the SEC’s website. 4.10% of the shares are currently owned by insiders.

A number of hedge funds have recently changed their holdings to ORRFs. Royal Bank of Canada increased its holdings in Orrstown Financial Services by 1.9% in the first quarter. Royal Bank of Canada now owns 22,874 shares of the bank valued at $ 511,000 after acquiring 428 additional shares in the last quarter. Barclays PLC increased its stake in Orrstown Financial Services by 4.7% in the third quarter. Barclays PLC now owns 10,550 shares of the bank valued at $ 248,000 after acquiring an additional 473 shares during the last quarter. Citigroup Inc. increased its holdings in Orrstown Financial Services by 144.6% in the third quarter. Citigroup Inc. now owns 1,267 shares of the bank valued at $ 30,000 after acquiring 749 additional shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Orrstown Financial Services by 0.6% in the second quarter. Pacific Ridge Capital Partners LLC now owns 186,567 shares of the bank valued at $ 4,304,000 after acquiring an additional 1,086 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Orrstown Financial Services by 0.6% in the third quarter. Geode Capital Management LLC now owns 180,385 shares of the bank valued at $ 4,221,000 after acquiring an additional 1,162 shares in the last quarter. 42.16% of the shares are currently held by institutional investors.

Orrstown Financial Services stock traded up $ 0.11 during trading hours on Tuesday, reaching $ 23.84. The company had a trading volume of 7,762 shares, compared to an average volume of 25,593. The company has a debt to equity ratio of 0.12, a current ratio of 0.89 and a rapid ratio of 0.89. The company has a 50-day moving average price of $ 24.13 and a 200-day moving average price of $ 23.87. The company has a market cap of $ 267.15 million, a price-to-earnings ratio of 7.29 and a beta of 0.97. Orrstown Financial Services has a 12-month low of $ 16.02 and a 12-month high of $ 25.91.

The company also recently announced a quarterly dividend, which was paid on Monday, November 8. Shareholders of record on Monday, November 1 received a dividend of $ 0.19 per share. The ex-dividend date of this dividend was Friday October 29. This represents an annualized dividend of $ 0.76 and a dividend yield of 3.19%. Orrstown Financial Services’ dividend payout ratio (DPR) is currently 23.24%.

Orrstown Financial Services Company Profile

Orrstown Financial Services, Inc. is a holding company that provides financial services to consumers and businesses. It also offers commercial banking and trust services which involve accepting sight, term and savings deposits and granting loans. The company was founded on November 17, 1987 and is headquartered in Shippensburg, Pennsylvania.

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Orrstown Financial Services (NASDAQ: ORRF) Profit History and Estimates

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