Orrstown Financial Services (ORRF) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Orrstown Financial Services in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ORRF shares.
View ORRF analyst ratings or view top-rated stocks.

2 equities research analysts have issued twelve-month price objectives for Orrstown Financial Services' shares. Their ORRF share price forecasts range from $27.00 to $28.00. On average, they predict the company's stock price to reach $27.50 in the next twelve months. This suggests a possible upside of 51.9% from the stock's current price.
View analysts price targets for ORRF or view top-rated stocks among Wall Street analysts.

Orrstown Financial Services' stock was trading at $23.16 at the beginning of the year. Since then, ORRF stock has decreased by 21.8% and is now trading at $18.10.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 18th 2023.
View our ORRF earnings forecast.

Orrstown Financial Services, Inc. (NASDAQ:ORRF) posted its earnings results on Monday, October, 18th. The bank reported $0.65 EPS for the quarter, hitting analysts' consensus estimates of $0.65. The bank earned $28.27 million during the quarter, compared to the consensus estimate of $26.79 million. Orrstown Financial Services had a trailing twelve-month return on equity of 15.41% and a net margin of 22.87%.

Orrstown Financial Services announced a quarterly dividend on Tuesday, April 25th. Shareholders of record on Tuesday, May 9th will be given a dividend of $0.20 per share on Tuesday, May 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Monday, May 8th.
Read our dividend analysis for ORRF.

First Trust Dow Jones Select Microcap Index Fund holds 28,407 shares of ORRF stock, representing 0.38% of its portfolio.

Orrstown Financial Services (NASDAQ:ORRF) pays an annual dividend of $0.80 per share and currently has a dividend yield of 4.37%. ORRF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ORRF will have a dividend payout ratio of 27.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ORRF.

5 employees have rated Orrstown Financial Services Chief Executive Officer Thomas R. Quinn, Jr. on Glassdoor.com. Thomas R. Quinn, Jr. has an approval rating of 100% among the company's employees. This puts Thomas R. Quinn, Jr. in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Orrstown Financial Services investors own include AbbVie (ABBV), Eastman Chemical (EMN), Enbridge (ENB), Huntington Bancshares (HBAN), Harley-Davidson (HOG), Las Vegas Sands (LVS), Altria Group (MO), Marathon Petroleum (MPC), Occidental Petroleum (OXY) and Pfizer (PFE).

Orrstown Financial Services trades on the NASDAQ under the ticker symbol "ORRF."

Orrstown Financial Services' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.66%), FMR LLC (5.27%), Dimensional Fund Advisors LP (4.06%), Geode Capital Management LLC (1.84%), Renaissance Technologies LLC (1.58%) and Franklin Resources Inc. (1.06%). Insiders that own company stock include Andrea L Pugh, Barbara E Brobst, Christopher D Holt, David Todd Hornberger, Floyd E Stoner, Joel R Zullinger, Joel R Zullinger, Mark K Keller, Matthew Dyckman, Meera R Modi, Neelesh Kalani, Philip E Fague, Robert G Coradi, Sean Mulcahy, Thomas D Longenecker, Thomas R Brugger and Thomas R Quinn Jr.
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Shares of ORRF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ORRF stock can currently be purchased for approximately $18.10.

Orrstown Financial Services (NASDAQ:ORRF) has a market capitalization of $192.95 million and generates $135.61 million in revenue each year. The bank earns $22.04 million in net income (profit) each year or $3.13 on an earnings per share basis.

The company employs 412 workers across the globe.

Orrstown Financial Services' mailing address is 77 EAST KING STREET P. O. BOX 250, SHIPPENSBURG PA, 17257. The official website for the company is www.orrstown.com. The bank can be reached via phone at (717) 532-6114 or via email at ir@orrstown.com.