Orrstown Financial Services (NASDAQ:ORRF) announced its earnings results on Monday. The bank reported $0.79 EPS for the quarter, beating the consensus estimate of $0.73 by $0.06, MarketWatch Earnings reports. Orrstown Financial Services had a return on equity of 13.73% and a net margin of 24.62%.
Orrstown Financial Services stock traded up $0.86 during mid-day trading on Wednesday, hitting $23.58. The company’s stock had a trading volume of 20,510 shares, compared to its average volume of 30,733. The stock’s 50 day moving average is $24.28. The firm has a market cap of $265.53 million, a P/E ratio of 8.34 and a beta of 1.00. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. Orrstown Financial Services has a 52-week low of $12.40 and a 52-week high of $25.91.
Separately, Zacks Investment Research raised Orrstown Financial Services from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, June 30th.
Orrstown Financial Services, Inc operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The company accepts various deposits, including checking, savings, time, demand, and money market deposits. It also offers commercial loans, such as commercial real estate, equipment, working capital, construction, and other commercial purpose loans, as well as industrial loans; consumer loans comprising home equity and other consumer loans, as well as home equity lines of credit; residential mortgage loans; agribusiness loans; acquisition and development loans; municipal loans; and installment and other loans.
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