Orrstown Financial Services Stock Up 0.2 %
NASDAQ:ORRF opened at $25.81 on Wednesday. The firm’s 50 day simple moving average is $25.81 and its 200 day simple moving average is $24.51. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.85. Orrstown Financial Services has a one year low of $21.81 and a one year high of $27.37. The company has a market cap of $275.55 million, a PE ratio of 9.09 and a beta of 0.80.
Orrstown Financial Services (NASDAQ:ORRF – Get Rating) last posted its earnings results on Tuesday, July 19th. The bank reported $0.83 EPS for the quarter, topping the consensus estimate of $0.67 by $0.16. Orrstown Financial Services had a net margin of 24.94% and a return on equity of 12.06%. The business had revenue of $31.31 million for the quarter, compared to the consensus estimate of $29.24 million.
Insider Buying and Selling
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank bought a new position in Orrstown Financial Services during the 1st quarter worth approximately $30,000. Gladius Capital Management LP bought a new stake in shares of Orrstown Financial Services in the 2nd quarter valued at $58,000. SG Americas Securities LLC bought a new stake in shares of Orrstown Financial Services in the 2nd quarter valued at $107,000. BNP Paribas Arbitrage SA increased its stake in shares of Orrstown Financial Services by 70.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,793 shares of the bank’s stock valued at $116,000 after acquiring an additional 1,974 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Orrstown Financial Services by 57.0% in the 1st quarter. MetLife Investment Management LLC now owns 6,252 shares of the bank’s stock valued at $143,000 after acquiring an additional 2,270 shares in the last quarter. Institutional investors own 43.81% of the company’s stock.
Orrstown Financial Services Company Profile
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, construction, working capital, 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; acquisition and development loans; municipal loans; and installment and other loans.
- Get a free copy of the StockNews.com research report on Orrstown Financial Services (ORRF)
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