Orrstown Financial Services (NASDAQ:ORRF)‘s stock had its “hold” rating reaffirmed by stock analysts at Boenning Scattergood in a research report issued on Thursday.

A number of other equities research analysts have also recently weighed in on ORRF. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $34.00 price target on shares of Orrstown Financial Services in a report on Thursday, July 19th. Zacks Investment Research cut Orrstown Financial Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 20th. Finally, ValuEngine cut Orrstown Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Orrstown Financial Services presently has an average rating of “Hold” and an average target price of $32.50.

ORRF opened at $23.51 on Thursday. The company has a market cap of $199.94 million, a PE ratio of 18.08 and a beta of 0.21. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. Orrstown Financial Services has a twelve month low of $22.15 and a twelve month high of $27.05.

Orrstown Financial Services (NASDAQ:ORRF) last released its quarterly earnings results on Wednesday, October 17th. The bank reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. Orrstown Financial Services had a return on equity of 9.05% and a net margin of 13.36%. As a group, analysts anticipate that Orrstown Financial Services will post 1.7 earnings per share for the current year.

A number of large investors have recently made changes to their positions in ORRF. Macquarie Group Ltd. grew its position in Orrstown Financial Services by 327.2% in the second quarter. Macquarie Group Ltd. now owns 16,843 shares of the bank’s stock worth $438,000 after buying an additional 12,900 shares during the last quarter. Stifel Financial Corp acquired a new position in Orrstown Financial Services in the first quarter worth approximately $431,000. Russell Investments Group Ltd. acquired a new position in Orrstown Financial Services in the second quarter worth approximately $101,000. Acadian Asset Management LLC grew its position in Orrstown Financial Services by 318.5% in the second quarter. Acadian Asset Management LLC now owns 41,098 shares of the bank’s stock worth $1,068,000 after buying an additional 31,277 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Orrstown Financial Services by 34.7% in the second quarter. Renaissance Technologies LLC now owns 279,900 shares of the bank’s stock worth $7,277,000 after buying an additional 72,100 shares during the last quarter. 41.23% of the stock is currently owned by hedge funds and other institutional investors.

About Orrstown Financial Services

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, and other commercial purpose 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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