EntryPoint Capital LLC Takes $342,000 Position in Orrstown Financial Services Inc $ORRF

Key Points

• EntryPoint Capital LLC acquired 11,409 shares of Orrstown Financial Services Inc, valued at approximately $342,000, representing about 0.06% of the company's stock.
• The recently increased dividend is $0.27 per share, up from $0.26, providing an annualized yield of 3.3% with a dividend payout ratio of 48.21%.
• Orrstown Financial Services reported earnings of $1.04 per share for the last quarter, surpassing estimates and marking strong revenue growth at $62.43 million.

EntryPoint Capital LLC acquired a new stake in shares of Orrstown Financial Services Inc (NASDAQ:ORRF - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,409 shares of the bank's stock, valued at approximately $342,000. EntryPoint Capital LLC owned approximately 0.06% of Orrstown Financial Services as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in ORRF. Millennium Management LLC purchased a new stake in shares of Orrstown Financial Services during the 4th quarter worth approximately $5,404,000. Barclays PLC lifted its holdings in Orrstown Financial Services by 119.2% in the fourth quarter. Barclays PLC now owns 73,922 shares of the bank's stock valued at $2,707,000 after acquiring an additional 40,201 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in Orrstown Financial Services during the 4th quarter worth approximately $1,457,000. Nuveen LLC acquired a new stake in shares of Orrstown Financial Services in the 1st quarter valued at about $1,058,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Orrstown Financial Services in the fourth quarter valued at about $833,000. 44.27% of the stock is currently owned by institutional investors.

Orrstown Financial Services Price Performance

ORRF stock traded up $0.26 during trading on Wednesday, hitting $34.98. 17,092 shares of the stock traded hands, compared to its average volume of 148,212. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.13. The stock has a market cap of $681.70 million, a price-to-earnings ratio of 15.61 and a beta of 0.83. The company has a 50 day simple moving average of $33.02 and a 200 day simple moving average of $31.26. Orrstown Financial Services Inc has a one year low of $25.57 and a one year high of $41.99.

Orrstown Financial Services (NASDAQ:ORRF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The bank reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.05. The company had revenue of $62.43 million during the quarter, compared to analysts' expectations of $51.98 million. Orrstown Financial Services had a net margin of 11.97% and a return on equity of 14.69%. Equities analysts expect that Orrstown Financial Services Inc will post 4.23 EPS for the current fiscal year.

Orrstown Financial Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This is a positive change from Orrstown Financial Services's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.1%. Orrstown Financial Services's dividend payout ratio (DPR) is 48.21%.

Wall Street Analysts Forecast Growth

ORRF has been the topic of several recent research reports. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $42.00 price target (up from $39.00) on shares of Orrstown Financial Services in a research report on Thursday, July 24th. Hovde Group upped their price objective on shares of Orrstown Financial Services from $35.00 to $37.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Finally, Wall Street Zen cut shares of Orrstown Financial Services from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Orrstown Financial Services currently has an average rating of "Buy" and an average price target of $39.25.

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.