Orrstown Financial Services (NASDAQ:ORRF) Receives Neutral Rating from DA Davidson

DA Davidson reissued their neutral rating on shares of Orrstown Financial Services (NASDAQ:ORRF) in a research report report published on Wednesday,Benzinga reports. They currently have a $41.00 price target on the bank’s stock.

A number of other analysts have also weighed in on ORRF. Raymond James Financial initiated coverage on Orrstown Financial Services in a research report on Thursday, July 9th. They set a “market perform” rating on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Orrstown Financial Services in a research report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.67.

Orrstown Financial Services Stock Up 0.3%

Shares of ORRF opened at $41.37 on Wednesday. The company’s 50-day simple moving average is $38.99 and its 200-day simple moving average is $37.42. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. Orrstown Financial Services has a 1 year low of $31.51 and a 1 year high of $42.54. The stock has a market capitalization of $812.84 million, a PE ratio of 9.30 and a beta of 0.70.

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

Orrstown Financial Services Announces Dividend

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

Hedge Funds Weigh In On Orrstown Financial Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORRF. Royal Bank of Canada lifted its position in shares of Orrstown Financial Services by 5.7% during the 4th quarter. Royal Bank of Canada now owns 4,963 shares of the bank’s stock worth $176,000 after buying an additional 267 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Orrstown Financial Services by 5.3% in the 4th quarter. SG Americas Securities LLC now owns 8,797 shares of the bank’s stock valued at $312,000 after buying an additional 440 shares in the last quarter. Vista Investment Management grew its position in shares of Orrstown Financial Services by 5.6% in the 2nd quarter. Vista Investment Management now owns 8,444 shares of the bank’s stock valued at $269,000 after buying an additional 450 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Orrstown Financial Services by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,009 shares of the bank’s stock valued at $330,000 after buying an additional 490 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Orrstown Financial Services by 86.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,748 shares of the bank’s stock worth $56,000 after acquiring an additional 810 shares in the last quarter. 44.27% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Orrstown Financial Services

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

• Positive Sentiment: Orrstown reported Q2 diluted EPS of $1.09, topping the $1.03 consensus, while revenue of $64.3 million slightly beat estimates. Net income was $21.2 million, and the results suggest the company is still delivering steady profitability. Article Title
• Positive Sentiment: Management 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, which could improve future interest expense and earnings power. Article Title
• Positive Sentiment: The company also announced a quarterly dividend of $0.30 per share, or about a 2.9% annualized yield, which may appeal to income-focused investors.
• Neutral Sentiment: DA Davidson reaffirmed its neutral rating and set a $41 price target, slightly below the recent trading level, signaling a restrained outlook rather than a clear bullish catalyst. Article Title

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.