Orrstown Financial Services Inc (NASDAQ:ORRF) Institutional Investors Sentiment Improved in Q4 2017

April 22, 2018 - By Linda Rogers

Orrstown Financial Services, Inc. (NASDAQ:ORRF) Logo

Sentiment for Orrstown Financial Services Inc (NASDAQ:ORRF)

Orrstown Financial Services Inc (NASDAQ:ORRF) institutional sentiment decreased to 1.61 in 2017 Q4. Its down -0.84, from 2.45 in 2017Q3. The ratio fall, as 29 funds started new and increased stock positions, while 18 cut down and sold their stakes in Orrstown Financial Services Inc. The funds in our partner’s database reported: 3.35 million shares, up from 3.30 million shares in 2017Q3. Also, the number of funds holding Orrstown Financial Services Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 16 Increased: 22 New Position: 7.

Orrstown Financial Services, Inc. operates as the bank holding firm for Orrstown Bank that provides commercial banking and trust services in the United States. The company has market cap of $214.51 million. The firm accepts various deposits, including checking, savings, time, demand, and money market deposits. It has a 26.02 P/E ratio. The Company’s loan products include commercial loans, including commercial real estate, equipment, working capital, and other commercial purpose loans; consumer loans, such as home equity loans, home equity lines of credit, and other consumer loans; residential mortgage loans; and agribusiness, acquisition and development, municipal, and installment and other loans.

The stock increased 1.59% or $0.4 during the last trading session, reaching $25.5. About 16,521 shares traded or 27.13% up from the average. Orrstown Financial Services, Inc. (NASDAQ:ORRF) has risen 15.42% since April 22, 2017 and is uptrending. It has outperformed by 3.87% the S&P500.

Analysts await Orrstown Financial Services, Inc. (NASDAQ:ORRF) to report earnings on April, 26. They expect $0.30 EPS, up 25.00 % or $0.06 from last year’s $0.24 per share. ORRF’s profit will be $2.52 million for 21.25 P/E if the $0.30 EPS becomes a reality. After $0.32 actual EPS reported by Orrstown Financial Services, Inc. for the previous quarter, Wall Street now forecasts -6.25 % negative EPS growth.

Endeavour Capital Advisors Inc holds 2.03% of its portfolio in Orrstown Financial Services, Inc. for 198,183 shares. Elizabeth Park Capital Advisors Ltd. owns 185,515 shares or 1.51% of their US portfolio. Moreover, Basswood Capital Management L.L.C. has 0.62% invested in the company for 526,900 shares. The Oregon-based Pacific Ridge Capital Partners Llc has invested 0.62% in the stock. Deprince Race & Zollo Inc, a Florida-based fund reported 298,333 shares.

Since January 1, 0001, it had 1 insider purchase, and 0 insider sales for $2,517 activity.

Orrstown Financial Services, Inc. (NASDAQ:ORRF) Ratings Coverage

Ratings analysis reveals 50% of Orrstown Financial Services Inc’s analysts are positive. Out of 2 Wall Street analysts rating Orrstown Financial Services Inc, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $32.0 while the high is $3300. The stock’s average target of $33 is 29.41% above today’s ($25.5) share price. ORRF was included in 4 notes of analysts from December 21, 2017. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, April 18. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Buy”. Boenning & Scattergood maintained the shares of ORRF in report on Thursday, January 25 with “Hold” rating. The firm has “Hold” rating by Boenning & Scattergood given on Thursday, April 19.

Orrstown Financial Services, Inc. (NASDAQ:ORRF) Institutional Positions Chart

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