Orrstown Financial Services (ORRF) to Release Earnings on Tuesday

Orrstown Financial Services (NASDAQ:ORRF) is expected to announce its earnings results before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $1.04 per share and revenue of $52,200.00 billion for the quarter.

Orrstown Financial Services Price Performance

Shares of Orrstown Financial Services stock opened at $35.99 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 0.88. Orrstown Financial Services has a 52-week low of $24.70 and a 52-week high of $41.99. The company has a fifty day moving average of $37.52 and a 200-day moving average of $35.95. The stock has a market capitalization of $697.85 million, a price-to-earnings ratio of 19.35 and a beta of 0.91.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ORRF shares. Hovde Group cut Orrstown Financial Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 13th. Piper Sandler started coverage on Orrstown Financial Services in a research note on Wednesday, January 8th. They issued an “overweight” rating and a $43.00 price target on the stock.

Insider Activity

In related news, EVP David Todd Hornberger sold 4,000 shares of Orrstown Financial Services stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $37.82, for a total value of $151,280.00. Following the sale, the executive vice president now owns 20,877 shares in the company, valued at $789,568.14. The trade was a 16.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.30% of the company’s stock.

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.