Orrstown Financial Services (NASDAQ:ORRF) Announces Quarterly Earnings Results
Orrstown Financial Services (NASDAQ:ORRF) released its quarterly earnings data on Monday. The bank reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.23, Fidelity Earnings reports. Orrstown Financial Services had a return on equity of 10.19% and a net margin of 16.46%.
Shares of ORRF stock opened at $21.47 on Wednesday. Orrstown Financial Services has a 1-year low of $11.50 and a 1-year high of $24.74. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $241.52 million, a price-to-earnings ratio of 11.48 and a beta of 0.92. The stock’s fifty day simple moving average is $22.47 and its 200-day simple moving average is $18.12.
Separately, TheStreet raised Orrstown Financial Services from a “c+” rating to a “b-” rating in a research note on Tuesday, March 9th.
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, 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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