Orrstown Financial Services (NASDAQ:ORRF) Posts Earnings Results

Orrstown Financial Services (NASDAQ:ORRF) issued its quarterly earnings data on Tuesday. The bank reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.19, Yahoo Finance reports. Orrstown Financial Services had a return on equity of 13.45% and a net margin of 17.26%.

Orrstown Financial Services Trading Up 6.4 %

Shares of Orrstown Financial Services stock traded up $2.32 during trading on Wednesday, hitting $38.72. 25,132 shares of the company were exchanged, compared to its average volume of 74,035. The firm has a market capitalization of $750.01 million, a P/E ratio of 12.34 and a beta of 0.90. Orrstown Financial Services has a 1-year low of $20.00 and a 1-year high of $38.74. The firm’s fifty day moving average price is $35.26 and its 200 day moving average price is $30.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.87 and a quick ratio of 0.87.

Analyst Ratings Changes

ORRF has been the subject of a number of research reports. Hovde Group lifted their price objective on Orrstown Financial Services from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday. Janney Montgomery Scott initiated coverage on Orrstown Financial Services in a research report on Friday, June 28th. They issued a “buy” rating and a $32.00 price objective for the company.

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.