Keefe, Bruyette & Woods Issues Positive Forecast for Orrstown Financial Services (NASDAQ:ORRF) Stock Price

Orrstown Financial Services (NASDAQ:ORRF) had its price objective upped by Keefe, Bruyette & Woods from $44.00 to $46.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the bank’s stock.

ORRF has been the subject of a number of other reports. DA Davidson reiterated a “neutral” rating and set a $41.00 price target on shares of Orrstown Financial Services in a research report on Wednesday. Raymond James Financial assumed coverage on Orrstown Financial Services in a report on Thursday, July 9th. They issued a “market perform” rating on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Orrstown Financial Services in a research note on Tuesday, July 7th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Orrstown Financial Services Stock Up 1.4%

Shares of NASDAQ ORRF opened at $41.96 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. Orrstown Financial Services has a 52 week low of $31.51 and a 52 week high of $42.54. The firm has a 50-day moving average price of $39.11 and a 200 day moving average price of $37.47. The stock has a market capitalization of $824.51 million, a price-to-earnings ratio of 9.43 and a beta of 0.70.

Orrstown Financial Services (NASDAQ:ORRF) last released its quarterly earnings data on Tuesday, July 21st. The bank reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. Orrstown Financial Services had a net margin of 24.00% and a return on equity of 14.66%. The firm had revenue of $64.30 million for the quarter, compared to the consensus estimate of $64.10 million. Equities research analysts anticipate that Orrstown Financial Services will post 4.29 EPS for the current fiscal year.

Orrstown Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Tuesday, August 4th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, August 4th. Orrstown Financial Services’s dividend payout ratio is presently 26.97%.

Hedge Funds Weigh In On Orrstown Financial Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORRF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Orrstown Financial Services by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,009 shares of the bank’s stock valued at $330,000 after purchasing an additional 490 shares in the last quarter. Millennium Management LLC grew its position in shares of Orrstown Financial Services by 123.8% in the first quarter. Millennium Management LLC now owns 330,322 shares of the bank’s stock valued at $9,913,000 after purchasing an additional 182,709 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Orrstown Financial Services by 2.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 85,047 shares of the bank’s stock worth $2,552,000 after purchasing an additional 2,417 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Orrstown Financial Services during the 1st quarter worth approximately $1,080,000. Finally, Creative Planning purchased a new position in shares of Orrstown Financial Services during the 2nd quarter worth approximately $365,000. Institutional investors and hedge funds own 44.27% of the company’s stock.

Key Orrstown Financial Services News

Here are the key news stories impacting Orrstown Financial Services this week:

• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on Orrstown Financial Services to $46 from $44 and kept an outperform rating, implying additional upside from current levels. Benzinga: KBW Raises Orrstown Price Target to $46
• Positive Sentiment: Q2 earnings call coverage highlighted record wealth management results and other operating strengths, which likely supported investor confidence. Yahoo Finance: ORRF Q2 2026 Earnings Call Highlights
• Positive Sentiment: The company said it expects 2026 net interest margin to land at the higher end of its 3.90%-4.00% range after redeeming $31 million of subordinated debt, a constructive sign for profitability. Seeking Alpha: Orrstown NIM Outlook After Debt Redemption
• Positive Sentiment: Orrstown also announced a quarterly dividend of $0.30 per share, reinforcing the company’s capital return profile and income appeal for shareholders.
• Neutral Sentiment: DA Davidson reaffirmed its neutral rating and set a $41 price target, which suggests limited near-term upside from current trading levels. Benzinga: DA Davidson Reiterates Neutral on Orrstown
• Neutral Sentiment: Investors are also digesting the company’s Q2 2026 earnings release, earnings presentation, and transcript, with results generally appearing solid but not dramatically surprising. Seeking Alpha: ORRF Q2 2026 Results Presentation

About Orrstown Financial Services

Orrstown Financial Services, Inc is the bank holding company for Orrstown Bank, a community banking organization headquartered in Shippensburg, Pennsylvania. The roots of Orrstown Bank date back to 1865, and the holding company structure was established to support its growth and diversification. As a regional financial institution, Orrstown Financial Services focuses on delivering personalized banking solutions to individuals, families and businesses across Central Pennsylvania.

The company’s core offerings include a full suite of deposit products such as checking and savings accounts, money market accounts and certificates of deposit.