Orrstown Financial Services - ORRF Stock Forecast, Price & News

2 Wall Street research 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 research analysts is that investors should "buy" ORRF shares.
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2 analysts have issued twelve-month 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 16.3% from the stock's current price.
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Orrstown Financial Services' stock was trading at $23.16 at the beginning of the year. Since then, ORRF stock has increased by 3.9% and is now trading at $24.07.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our ORRF earnings forecast.

Orrstown Financial Services, Inc. (NASDAQ:ORRF) issued its earnings results on Monday, October, 18th. The bank reported $0.65 earnings per share for the quarter, meeting the consensus estimate 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 14.71% and a net margin of 23.82%.

Orrstown Financial Services declared a quarterly dividend on Tuesday, January 24th. Shareholders of record on Tuesday, February 7th will be given a dividend of $0.20 per share on Tuesday, February 14th. This represents a $0.80 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Monday, February 6th. This is a boost from the stock's previous quarterly dividend of $0.19.
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 3.16%. The dividend payout ratio is 25.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ORRF will have a dividend payout ratio of 22.49% 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 variety of retail and institutional investors. Top institutional shareholders include Arlington Partners LLC (0.03%). 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 $24.07.

Orrstown Financial Services (NASDAQ:ORRF) has a market capitalization of $257.07 million and generates $135.61 million in revenue each year. The bank earns $32.88 million in net income (profit) each year or $3.02 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.