Orrstown Financial Services Inc (NASDAQ: ORRF) has reported earnings for its second fiscal quarter (ending June 30) of $0.74 versus $0.95 for the same period a year ago — a decline of -22%. However, this result exceeded the consensus estimate of $0.73 by $0.01. For the latest four quarters through June 30, E.P.S. were $3.18 versus $2.29 for the same period a year ago — an increase of 39%.
Recent Price Action
On 7/23/24, Orrstown Financial Services Inc (NASDAQ: ORRF) stock increased 1.9%, closing at $32.20. NORMAL trading volume accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 9.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, ORRF is expected to continue to be a Value Builder.
Orrstown Financial Services has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Orrstown Financial Services has a neutral Power Rating of 56 but a good Appreciation Score of 74, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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