The chart of Orrstown Financial Services (ORRF) shows a double top with $24.30 target or 8.00% above today’s $22.50 share price. The 9 months chart pattern indicates low risk for the $187.62 million company. It was reported on Jan, 11 by Finviz.com. If the $24.30 price target is reached, the company will be worth $15.01 million more. Double tops are rare but powerful chart patterns. The stock last traded at $22.5 per share. It is down 17.00% since June 7, 2016 and is uptrending. It has outperformed by 9.58% the S&P500.
Analysts await Orrstown Financial Services (NASDAQ:ORRF) to report earnings on January, 26. They expect $0.21 EPS, up 16.67% or $0.03 from last year’s $0.18 per share. ORRF’s profit will be $1.75 million for 26.79 P/E if the $0.21 EPS becomes a reality. After $0.18 actual EPS reported by Orrstown Financial Services for the previous quarter, Wall Street now forecasts 16.67% EPS growth.
According to Zacks Investment Research, “Orrstown Financial Services, Inc. is a financial holding company. The Company’s primary activity consists of owning and supervising its subsidiary, Orrstown Bank, that is engaged in providing banking and bank related services. The Bank provides these services in south central Pennsylvania, principally Franklin, Perry and Cumberland Counties in Pennsylvania and in Washington County, Maryland. The Company’s subsidiary is The First National Bank of Newport. The day-to-day management of the Bank is conducted by the subsidiary’s officers.”
Insitutional Activity: The institutional sentiment decreased to 1.31 in Q3 2016. Its down 0.69, from 2 in 2016Q2. The ratio turned negative, as 4 funds sold all Orrstown Financial Services shares owned while 12 reduced positions. 5 funds bought stakes while 16 increased positions. They now own 3.42 million shares or 1.80% more from 3.36 million shares in 2016Q2.
State Bank Of America Corporation De last reported 0% of its portfolio in the stock. Renaissance Tech Limited Liability Company last reported 0.01% of its portfolio in the stock. New York State Common Retirement Fund reported 7,600 shares or 0% of all its holdings. Wellington Mngmt Grp Llp has 0% invested in the company for 69,941 shares. Goldman Sachs Gp owns 12,411 shares or 0% of their US portfolio. Tiaa Cref Investment Mngmt Limited Com last reported 0% of its portfolio in the stock. Cetera Advisor Network holds 0.01% or 12,317 shares in its portfolio. Basswood Capital Mngmt Ltd Liability Corporation reported 500,741 shares or 0.47% of all its holdings. Blackrock Fund Advisors has 212,616 shares for 0% of their US portfolio. Amer Gp Inc holds 4,265 shares or 0% of its portfolio. Orrstown Svcs Inc has invested 4.99% of its portfolio in Orrstown Financial Services (NASDAQ:ORRF). Deutsche Bankshares Ag has invested 0% of its portfolio in Orrstown Financial Services (NASDAQ:ORRF). Bridgeway Cap Mngmt accumulated 63,500 shares or 0.02% of the stock. Blackrock Advsr Limited Liability Co holds 0% of its portfolio in Orrstown Financial Services (NASDAQ:ORRF) for 4,572 shares. California State Teachers Retirement System owns 15,611 shares or 0% of their US portfolio.
Insider Transactions: Since November 1, 2016, the stock had 1 buy, and 6 sales for $190,267 net activity. ZULLINGER JOEL R sold 1,998 shares worth $44,574. $45,063 worth of Orrstown Financial Services (NASDAQ:ORRF) was sold by PUGH ANDREA L. $21,730 worth of shares were sold by BOYLE DAVID P on Wednesday, November 23. The insider COY JEFFREY W sold $29,007. CEDDIA ANTHONY F also sold $27,681 worth of Orrstown Financial Services (NASDAQ:ORRF) on Wednesday, December 7. Longenecker Thomas D also bought $28,566 worth of Orrstown Financial Services (NASDAQ:ORRF) shares. ROSENBERRY GREGORY A sold $50,778 worth of stock.
ORRF Company Profile
Orrstown Financial Services, Inc., incorporated on November 17, 1987, is the bank holding firm for Orrstown Bank (the Bank). The Bank is engaged in commercial banking and trust business. The Bank’s activities involve accepting demand, time and savings deposits, and granting loans. The Bank grants commercial, residential, consumer and agribusiness loans in its market areas of Cumberland, Franklin, Lancaster and Perry Counties in Pennsylvania and in Washington County, Maryland. Through its trust department, the Bank renders services as trustee, executor, administrator, guardian, managing agent, custodian, investment advisor and other fiduciary activities authorized by law under the trade name, Orrstown Financial Advisors (OFA). OFA offers retail brokerage services through a third-party broker or dealer arrangement with Cetera Advisor Networks LLC. The Firm operates through Community Banking segment.
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