Orrstown Financial Services’ (ORRF) “Outperform” Rating Reaffirmed at Keefe, Bruyette & Woods

Orrstown Financial Services (NASDAQ:ORRF)‘s stock had its “outperform” rating reissued by analysts at Keefe, Bruyette & Woods in a research note issued to investors on Monday,Benzinga reports. They currently have a $42.00 price objective on the bank’s stock, down from their previous price objective of $46.00. Keefe, Bruyette & Woods’ price target points to a potential upside of 20.85% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Piper Sandler started coverage on shares of Orrstown Financial Services in a research report on Wednesday, January 8th. They issued an “overweight” rating and a $43.00 price target for the company. Hovde Group downgraded shares of Orrstown Financial Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 13th.

Orrstown Financial Services Price Performance

ORRF stock traded down $1.59 on Monday, hitting $34.75. 81,908 shares of the company’s stock traded hands, compared to its average volume of 110,769. Orrstown Financial Services has a 1-year low of $24.70 and a 1-year high of $41.99. The stock has a market cap of $673.86 million, a price-to-earnings ratio of 18.90 and a beta of 0.90. The stock has a fifty day moving average of $37.17 and a 200-day moving average of $36.24. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13.

Orrstown Financial Services (NASDAQ:ORRF) last released its earnings results on Friday, January 31st. The bank reported $0.87 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.17). Orrstown Financial Services had a net margin of 7.70% and a return on equity of 15.77%. On average, analysts forecast that Orrstown Financial Services will post 4.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in shares of Orrstown Financial Services by 9.4% during the 4th quarter. Principal Financial Group Inc. now owns 14,535 shares of the bank’s stock valued at $532,000 after purchasing an additional 1,245 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in Orrstown Financial Services in the 4th quarter worth $92,000. Comprehensive Financial Planning Inc. PA acquired a new stake in Orrstown Financial Services in the 4th quarter worth $38,000. Savant Capital LLC acquired a new stake in Orrstown Financial Services in the 4th quarter worth $373,000. Finally, Empowered Funds LLC grew its position in Orrstown Financial Services by 5.1% in the 4th quarter. Empowered Funds LLC now owns 76,236 shares of the bank’s stock worth $2,791,000 after purchasing an additional 3,673 shares during the last quarter. Institutional investors own 44.27% of the company’s stock.

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.