Orrstown Financial Services (NASDAQ:ORRF) Announces Quarterly Earnings Results

Orrstown Financial Services (NASDAQ:ORRF) posted its quarterly earnings data on Tuesday. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.19, Yahoo Finance reports. Orrstown Financial Services had a net margin of 6.63% and a return on equity of 17.66%. The company had revenue of $95.37 million for the quarter, compared to the consensus estimate of $60.90 million.

Orrstown Financial Services Stock Up 0.5 %

NASDAQ ORRF opened at $37.75 on Friday. Orrstown Financial Services has a 1-year low of $20.25 and a 1-year high of $38.81. The company has a market capitalization of $731.22 million, a price-to-earnings ratio of 20.30 and a beta of 0.90. The stock’s 50 day moving average is $35.46 and its two-hundred day moving average is $30.49. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12.

Orrstown Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Tuesday, November 5th. Orrstown Financial Services’s dividend payout ratio (DPR) is presently 49.46%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ORRF shares. Janney Montgomery Scott started coverage on Orrstown Financial Services in a research note on Friday, June 28th. They set a “buy” rating and a $32.00 price target on the stock. Hovde Group boosted their price objective on Orrstown Financial Services from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday.

Orrstown Financial Services Company Profile

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.