Orrstown Financial ServicesORRF
ORRF
About: Orrstown Financial Services Inc is a holding company engaged in commercial banking and trust business, this involves accepting demand, time and savings deposits, and granting loans. It is also engaged in lending services for commercial, residential, commercial mortgages, construction, municipal, and various forms of consumer lending. Deposit services include checking, savings, time, and money market deposits. It also provides investment and brokerage services through its Financial Advisors division. The Company earns fees from its deposit clients for transaction-based, account maintenance, and overdraft services, it also earns wealth management and investment brokerage fees from its contracts with trust. The company operates in a significant segment - Community Banking.
Employees: 425
0
Funds holding %
of 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
8,371% more call options, than puts
Call options by funds: $593K | Put options by funds: $7K
325% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 8
43% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 35
23% more funds holding
Funds holding: 113 [Q3] → 139 (+26) [Q4]
4% more capital invested
Capital invested by funds: $374M [Q3] → $391M (+$16.8M) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]
41.93% less ownership
Funds ownership: 96.94% [Q3] → 55.01% (-41.93%) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$42
48%
upside
Avg. target
$42
48%
upside
High target
$42
48%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Timothy Switzer 43% 1-year accuracy 10 / 23 met price target | 48%upside $42 | Outperform Reiterated | 3 Feb 2025 |
Financial journalist opinion
Based on 5 articles about ORRF published over the past 30 days
Positive
Zacks Investment Research
2 hours ago
Orrstown (ORRF) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Orrstown (ORRF) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
18 hours ago
Orrstown Financial Services (ORRF) Q1 Earnings Beat Estimates
Orrstown Financial Services (ORRF) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.88 per share a year ago.
Neutral
GlobeNewsWire
20 hours ago
Orrstown Financial Services, Inc. Reports First Quarter 2025 Results
Net income of $18.1 million, or $0.93 per diluted share, for the three months ended March 31, 2025 compared to net income of $13.7 million, or $0.71 per diluted share, for the three months ended December 31, 2024; the first quarter of 2025 included $1.6 million in expenses related to the merger compared to $3.9 million in expenses related to the merger and $0.5 million for a legal settlement for the fourth quarter of 2024; Excluding the impact of the non-recurring charges referenced above, net of taxes, net income and diluted earnings per share were $19.3 million(1) and $1.00(1), respectively, for the first quarter of 2025 compared to $16.7 million(1) and $0.87(1), respectively, for the fourth quarter of 2024; Net interest margin, on a tax equivalent basis, was 4.00% in the first quarter of 2025 compared to 4.05% in the fourth quarter of 2024; the net accretion impact of purchase accounting marks was $6.9 million of net interest income, which represents 51 basis points of net interest margin for the first quarter of 2025 compared to $7.2 million of net interest income, which represents 52 basis points of net interest margin for the fourth quarter of 2024; Return on average assets was 1.35% and return on average equity was 13.98% for the three months ended March 31, 2025, compared to 1.00% and 10.54% for the return on average assets and return on average equity, respectively, for the three months ended December 31, 2024; Excluding the impact of non-recurring charges referenced above, net of taxes, adjusted return on average assets was 1.45%(1) and adjusted return on average equity was 14.97%(1) for the three months ended March 31, 2025 compared to 1.22% and 12.86%, respectively, for the three months ended December 31, 2024; Commercial loans declined by $49.7 million, or 2%, from December 31, 2024 to March 31, 2025 due primarily to strategic actions to reduce risk in the portfolio in an uncertain economic environment, including reducing commercial real estate ("CRE") loan concentrations; Noninterest expense decreased by $4.7 million from $42.9 million for the three months ended December 31, 2024 to $38.2 million for the three months ended March 31, 2025; salaries and benefits expense declined by $2.0 million from the fourth quarter of 2024 to the first quarter of 2025; merger-related expenses decreased by $2.3 million; Recovery of $0.6 million was recorded for the provision for credit losses for the three months ended March 31, 2025 compared to expense of $2.1 million for the three months ended December 31, 2024; the decrease in loans contributed to the negative provision for credit losses during the first quarter of 2025; during the fourth quarter of 2024, the provision was driven by charge-offs of $3.0 million; Total risk-based capital ratio was 13.1% at March 31, 2025 compared to 12.4% at December 31, 2024; the Tier 1 leverage ratio increased to 8.6% at March 31, 2025 compared to 8.3% at December 31, 2024; all capital ratios applicable to the Company were above relevant regulatory minimum levels to be deemed "well capitalized" under current bank regulatory guidelines; Tangible common equity increased to 7.9% at March 31, 2025 compared to 7.5% at December 31, 2024; Tangible book value per common share(1) increased to $21.99 per share at March 31, 2025 compared to $21.19 per share at December 31, 2024; The Board of Directors declared a cash dividend of $0.26 per common share, payable May 13, 2025, to shareholders of record as of May 6, 2025. (1) Non-GAAP measure.
Neutral
GlobeNewsWire
5 days ago
Orrstown Financial Services, Inc. Announces Date of First Quarter 2025 Earnings Release, Conference Call and Webcast
HARRISBURG, Pa., April 17, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ: ORRF), the holding company of Orrstown Bank, announced today that it will report first quarter 2025 earnings at the close of business on Tuesday, April 22, 2025 and that management will host a conference call and webcast to review the Company's quarterly results on Wednesday, April 23, 2025 at 9:00 am ET. The conference call and webcast details are below:
Neutral
Zacks Investment Research
1 week ago
Orrstown Financial Services (ORRF) Earnings Expected to Grow: Should You Buy?
Orrstown (ORRF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
GlobeNewsWire
2 months ago
Orrstown Financial Services, Inc. Announces Promotion of Adam Metz to Senior Executive Vice President and Chief Operating Officer
HARRISBURG, Pa., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ: ORRF) (the “Company”) today announced that Adam L. Metz has been promoted to Senior Executive Vice President and Chief Operating Officer of the Company and its subsidiary bank, Orrstown Bank (the "Bank"), effective immediately, with the intent for him to succeed Thomas R. Quinn, Jr. as President and Chief Executive Officer of the Company and the Bank upon Mr. Quinn's retirement on May 25, 2026.
Positive
Seeking Alpha
2 months ago
23 Upcoming Dividend Increases, Including 2 Kings
Excited to announce dividend hikes for 23 companies, including dividend kings SJW Group and California Water Service Group, with 5% and 7.1% increases. Companies with consistent dividend growth indicate financial health, attracting investors and boosting stock prices, leading to long-term wealth accumulation. Investment strategy focuses on stocks with rising dividends and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ.
Neutral
GlobeNewsWire
2 months ago
Orrstown Financial Services, Inc. Announces Appointment of Barbara Brobst to the Board of Directors
HARRISBURG, Pa., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ: ORRF) (the “Company”) today announced that Barbara E. Brobst has been appointed to an open position on the Boards of Directors of the Company and its principal subsidiary, Orrstown Bank, effective February 1, 2025.
Positive
Zacks Investment Research
2 months ago
Orrstown Financial Services (ORRF) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Orrstown Financial Services (ORRF) have what it takes?
Negative
Zacks Investment Research
2 months ago
Orrstown Financial Services (ORRF) Q4 Earnings and Revenues Miss Estimates
Orrstown Financial Services (ORRF) came out with quarterly earnings of $0.87 per share, missing the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.83 per share a year ago.
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