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

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

Orrstown Financial Services (NASDAQ:ORRF) last issued its earnings results on Tuesday, October 22nd. The bank reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.19. Orrstown Financial Services had a return on equity of 14.41% and a net margin of 6.63%. The business had revenue of $95.37 million during the quarter, compared to analyst estimates of $60.90 million. On average, analysts expect Orrstown Financial Services to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Orrstown Financial Services Stock Up 0.4 %

ORRF opened at $36.06 on Tuesday. Orrstown Financial Services has a fifty-two week low of $24.70 and a fifty-two week high of $41.99. The company has a market capitalization of $699.20 million, a P/E ratio of 19.39 and a beta of 0.91. 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 firm’s fifty day moving average price is $37.90 and its two-hundred day moving average price is $35.75.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Piper Sandler initiated coverage on Orrstown Financial Services in a report on Wednesday, January 8th. They set an “overweight” rating and a $43.00 price objective on the stock. Hovde Group cut Orrstown Financial Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 13th.

Insider Activity at Orrstown Financial Services

In other Orrstown Financial Services news, EVP David Todd Hornberger sold 4,000 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $37.82, for a total transaction of $151,280.00. Following the completion of the sale, the executive vice president now directly owns 20,877 shares of the company’s stock, valued at approximately $789,568.14. The trade was a 16.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.20% of the stock is currently owned by company insiders.

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.