Orrstown Financial Services - ORRF Stock Forecast, Price & News

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

2 brokers have issued 1-year price targets for Orrstown Financial Services' stock. Their ORRF share price forecasts range from $28.00 to $28.00. On average, they expect the company's stock price to reach $28.00 in the next year. This suggests a possible upside of 0.4% 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 $25.20 at the start of the year. Since then, ORRF stock has increased by 10.7% and is now trading at $27.90.
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Orrstown Financial Services saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 91,100 shares, a drop of 31.4% from the October 31st total of 132,800 shares. Based on an average daily volume of 16,500 shares, the days-to-cover ratio is presently 5.5 days. Currently, 0.9% of the company's shares are short sold.
View Orrstown Financial Services' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 18th 2023.
View our ORRF earnings forecast.

Orrstown Financial Services, Inc. (NASDAQ:ORRF) posted its quarterly earnings data on Monday, October, 18th. The bank reported $0.65 EPS for the quarter, hitting the consensus estimate of $0.65. The bank had revenue of $28.27 million for the quarter, compared to the consensus estimate of $26.79 million. Orrstown Financial Services had a net margin of 22.87% and a trailing twelve-month return on equity of 12.99%.

Orrstown Financial Services declared a quarterly dividend on Tuesday, October 18th. Stockholders of record on Monday, October 31st will be given a dividend of $0.19 per share on Monday, November 7th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, October 28th.
Read our dividend analysis for ORRF.

Orrstown Financial Services (NASDAQ:ORRF) pays an annual dividend of $0.76 per share and currently has a dividend yield of 2.85%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 28.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ORRF will have a dividend payout ratio of 22.69% 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (6.69%), Vanguard Group Inc. (4.85%), Dimensional Fund Advisors LP (3.85%), State Street Corp (1.95%), Renaissance Technologies LLC (1.80%) and Pacific Ridge Capital Partners LLC (1.75%). Insiders that own company stock include Andrea L Pugh, Barbara E Brobst, Christopher D Holt, David Todd Hornberger, Floyd E Stoner, Glenn W Snoke, Joel R Zullinger, Joel R Zullinger, Mark K Keller, Matthew Dyckman, Meera R Modi, Robert G Coradi, Robert J Fignar, 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 $27.90.

Orrstown Financial Services (NASDAQ:ORRF) has a market capitalization of $297.97 million and generates $122.85 million in revenue each year. The bank earns $32.88 million in net income (profit) each year or $2.71 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.