Orrstown Financial Services, Inc. (NASDAQ: ORRF) is expected to post earnings of $ 0.70 per share


Stock analysts expect Orrstown Financial Services, Inc. (NASDAQ: ORRF) to post earnings per share (EPS) of $ 0.70 for the current quarter, Zacks investment research reports. Two analysts have estimated the earnings of Orrstown Financial Services. The lowest EPS estimate is $ 0.67 and the highest is $ 0.73. Orrstown Financial Services posted earnings of $ 0.91 per share in the same quarter last year, which would suggest a negative growth rate of 23.1% year-over-year. The company is expected to release 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 $ 3.00 to $ 3.05. For the next fiscal year, analysts expect the company to report earnings of $ 2.38 per share, with EPS estimates ranging from $ 2.31 to $ 2.45. Zacks Investment Research EPS averages are an average based on a survey of analysts who provide coverage for Orrstown Financial Services.

Orrstown Financial Services (NASDAQ: ORRF) last released its quarterly earnings data on Monday, October 18. The bank announced EPS of $ 0.65 for the quarter, meeting analyst consensus estimates of $ 0.65. The company posted revenue of $ 28.27 million in 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%.

Separately, Zacks investment research upgraded Orrstown Financial Services from a “sell” rating to a “conservation” rating in a research report on Saturday, October 23.

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Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Citigroup Inc. increased its stake in Orrstown Financial Services shares 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 during the period. Metropolitan Life Insurance Co NY purchased a new position in Orrstown Financial Services shares in the third quarter valued at approximately $ 71,000. BNP Paribas Arbitrage SA increased its stake in Orrstown Financial Services by 82.2% in the third quarter. BNP Paribas Arbitrage SA now owns 3,126 shares of the bank valued at $ 73,000 after acquiring 1,410 additional shares during the period. Panagora Asset Management Inc. increased its stake in Orrstown Financial Services by 2,026.6% during the second quarter. Panagora Asset Management Inc. now owns 6,401 shares of the bank valued at $ 148,000 after purchasing an additional 6,100 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its stake in Orrstown Financial Services by 26.4% during the second quarter. Advisor Group Holdings Inc. now owns 6,470 shares of the bank valued at $ 150,000 after purchasing an additional 1,353 shares in the last quarter. 42.16% of the shares are held by hedge funds and other institutional investors.

The ORRF traded up $ 0.05 during the noon session on Tuesday, reaching $ 24.66. The company had a trade volume of 14,322 shares, compared to an average volume of 25,430. The company has a rapid ratio of 0.89, a current ratio of 0.89 and a debt ratio of 0.12. The company has a 50-day moving average of $ 24.17 and a two-hundred-day moving average of $ 23.74. The company has a market cap of $ 276.34 million, a P / E ratio of 7.54 and a beta of 0.97. Orrstown Financial Services has a one-year low at $ 16.02 and a one-year high at $ 25.91.

The company also recently declared a quarterly dividend, which was paid on Monday, November 8. Shareholders of record on Monday, November 1 received a dividend of $ 0.19. This represents a dividend of $ 0.76 on an annualized basis and a return of 3.08%. The ex-dividend date was Friday October 29. Orrstown Financial Services’ payout ratio is 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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