In a report released today, Matthew Schultheis from Boenning & Scattergood reiterated a Buy rating on Orrstown Financial Services Inc (ORRF), with a price target of $23.50. The company’s shares closed yesterday at $19.40.
According to TipRanks.com, Schultheis is a 3-star analyst with an average return of 2.2% and a 48.8% success rate. Schultheis covers the Financial sector, focusing on stocks such as Fulton Financial Corp, Northwest Bancshares, and Sandy Spring Bancorp.
Currently, the analyst consensus on Orrstown Financial Services Inc is a Moderate Buy with an average price target of $23.50.
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Orrstown Financial Services Inc’s market cap is currently $162.7M and has a P/E ratio of 13.80. The company has a Price to Book ratio of 1.12.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ORRF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Orrstown Financial Services, Inc. is a holding company, which engages in the provision of consumer and business financial services. It also offers commercial banking and trust business services which involves accepting demand, time and savings deposits, and granting loans. The company was founded on November 17, 1987 and is headquartered in Shippensburg, PA.
