Orrstown Financial Services (ORRF) Expected to Announce Earnings on Tuesday

Orrstown Financial Services (NASDAQ:ORRF) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $1.04 per share and revenue of $52,200.00 billion for the quarter.

Orrstown Financial Services Stock Up 0.4 %

Shares of ORRF opened at $35.99 on Monday. The business’s 50 day simple moving average is $37.52 and its 200-day simple moving average is $36.01. Orrstown Financial Services has a 1 year low of $24.70 and a 1 year high of $41.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $697.85 million, a price-to-earnings ratio of 19.35 and a beta of 0.91.

Insider Buying and Selling at Orrstown Financial Services

In other Orrstown Financial Services news, EVP David Todd Hornberger sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $37.82, for a total value of $151,280.00. Following the completion of the sale, the executive vice president now owns 20,877 shares of the company’s stock, valued at $789,568.14. This trade represents a 16.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ORRF. Hovde Group lowered shares of Orrstown Financial Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 13th. Piper Sandler started coverage on shares of Orrstown Financial Services in a report on Wednesday, January 8th. They issued an “overweight” rating and a $43.00 price target for the company.

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.