Orrstown Financial Services (NASDAQ:ORRF) Releases Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Orrstown Financial Services (NASDAQ:ORRF) issued its quarterly earnings data on Tuesday. The bank reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.19, Yahoo Finance reports. Orrstown Financial Services had a return on equity of 13.45% and a net margin of 17.26%.

Orrstown Financial Services Stock Performance

NASDAQ ORRF opened at $36.39 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $704.87 million, a P/E ratio of 11.59 and a beta of 0.90. The stock has a 50-day moving average of $35.26 and a two-hundred day moving average of $30.38. Orrstown Financial Services has a 1-year low of $20.00 and a 1-year high of $37.86.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ORRF shares. Janney Montgomery Scott began coverage on shares of Orrstown Financial Services in a research note on Friday, June 28th. They issued a “buy” rating and a $32.00 price target on the stock. Hovde Group boosted their target price on Orrstown Financial Services from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday.

Orrstown Financial Services Company Profile

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.