Brokerages predict that Orrstown Financial Services, Inc. (NASDAQ:ORRF – Get Rating) will post $0.70 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Orrstown Financial Services’ earnings. The lowest EPS estimate is $0.64 and the highest is $0.75. Orrstown Financial Services posted earnings of $0.79 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 11.4%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Orrstown Financial Services will report full-year earnings of $2.71 per share for the current fiscal year, with EPS estimates ranging from $2.69 to $2.73. For the next fiscal year, analysts forecast that the company will post earnings of $2.52 per share, with EPS estimates ranging from $2.48 to $2.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Orrstown Financial Services.
Orrstown Financial Services (NASDAQ:ORRF – Get Rating) last issued its quarterly earnings results on Tuesday, April 19th. The bank reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.16. Orrstown Financial Services had a return on equity of 11.70% and a net margin of 25.31%.
Shares of NASDAQ ORRF opened at $23.62 on Friday. Orrstown Financial Services has a 52-week low of $21.81 and a 52-week high of $25.91. The firm has a fifty day moving average of $23.35 and a 200-day moving average of $24.10. The stock has a market capitalization of $261.12 million, a PE ratio of 8.44 and a beta of 0.85. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.
The firm also recently declared a quarterly dividend, which was paid on Monday, May 9th. Investors of record on Monday, May 2nd were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, April 29th. This represents a $0.76 dividend on an annualized basis and a yield of 3.22%. Orrstown Financial Services’s dividend payout ratio (DPR) is 27.14%.
In other news, Director Floyd E. Stoner acquired 2,464 shares of the business’s stock in a transaction on Tuesday, February 22nd. The shares were purchased at an average price of $24.66 per share, for a total transaction of $60,762.24. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.83% of the company’s stock.
A number of hedge funds have recently modified their holdings of ORRF. Citigroup Inc. raised its stake in shares of Orrstown Financial Services by 144.6% in the 3rd quarter. Citigroup Inc. now owns 1,267 shares of the bank’s stock valued at $30,000 after purchasing an additional 749 shares in the last quarter. Strs Ohio acquired a new stake in shares of Orrstown Financial Services in the 4th quarter valued at about $30,000. Metropolitan Life Insurance Co NY acquired a new stake in shares of Orrstown Financial Services in the 3rd quarter valued at about $71,000. BNP Paribas Arbitrage SA raised its stake in Orrstown Financial Services by 82.2% during the third quarter. BNP Paribas Arbitrage SA now owns 3,126 shares of the bank’s stock worth $73,000 after acquiring an additional 1,410 shares during the period. Finally, MetLife Investment Management LLC raised its stake in Orrstown Financial Services by 57.0% during the first quarter. MetLife Investment Management LLC now owns 6,252 shares of the bank’s stock worth $143,000 after acquiring an additional 2,270 shares during the period. Hedge funds and other institutional investors own 43.79% of the company’s stock.
About Orrstown Financial Services (Get Rating)
Orrstown Financial Services, Inc operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The company accepts various deposits, including checking, savings, time, demand, and money market deposits. It also offers commercial loans, such as commercial real estate, equipment, construction, working capital, and other commercial purpose loans, as well as industrial loans; consumer loans comprising home equity and other consumer loans, as well as home equity lines of credit; residential mortgage loans; acquisition and development loans; municipal loans; and installment and other loans.
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