Comprehensive Financial Planning Inc. PA Takes Position in Orrstown Financial Services, Inc. (NASDAQ:ORRF)

Comprehensive Financial Planning Inc. PA purchased a new position in shares of Orrstown Financial Services, Inc. (NASDAQ:ORRF) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,045 shares of the bank’s stock, valued at approximately $38,000.

Other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Orrstown Financial Services in the fourth quarter worth $42,000. CWM LLC increased its stake in Orrstown Financial Services by 31.0% during the third quarter. CWM LLC now owns 2,217 shares of the bank’s stock worth $80,000 after acquiring an additional 525 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Orrstown Financial Services in the 4th quarter valued at about $123,000. Quest Partners LLC purchased a new stake in shares of Orrstown Financial Services during the 3rd quarter worth about $155,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Orrstown Financial Services in the third quarter valued at approximately $227,000. Hedge funds and other institutional investors own 44.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ORRF shares. Hovde Group cut shares of Orrstown Financial Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 13th. Piper Sandler initiated coverage on Orrstown Financial Services in a report on Wednesday, January 8th. They set an “overweight” rating and a $43.00 target price on the stock. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $42.00 price target (down previously from $46.00) on shares of Orrstown Financial Services in a report on Monday, February 3rd.

Orrstown Financial Services Stock Down 1.2 %

Shares of Orrstown Financial Services stock opened at $34.10 on Tuesday. The stock’s fifty day moving average is $36.53 and its 200-day moving average is $36.33. The firm has a market capitalization of $661.20 million, a PE ratio of 18.53 and a beta of 0.90. Orrstown Financial Services, Inc. has a 12-month low of $24.70 and a 12-month high of $41.99. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.13.

Orrstown Financial Services (NASDAQ:ORRF) last announced its earnings results on Friday, January 31st. The bank reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.17). Orrstown Financial Services had a net margin of 7.70% and a return on equity of 15.77%. Equities analysts anticipate that Orrstown Financial Services, Inc. will post 4.23 earnings per share for the current year.

Orrstown Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 14th will be issued a $0.26 dividend. This is an increase from Orrstown Financial Services’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.05%. Orrstown Financial Services’s dividend payout ratio is currently 50.00%.

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.