In a report released yesterday, Michael Perito from KBW reiterated a Buy rating on Orrstown Financial Services Inc (NASDAQ: ORRF), with a price target of $34. The company’s shares closed yesterday at $25.75.
According to TipRanks.com, Perito is a top 100 analyst with an average return of 20.9% and a 87.6% success rate. Perito covers the Financial sector, focusing on stocks such as Enterprise Financial Services Corp, Bank of NT Butterfield & Son, and Civista Bancshares Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Orrstown Financial Services Inc with a $32 average price target.
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Based on Orrstown Financial Services Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $3.63 million. In comparison, last year the company had a net profit of $3.31 million.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.
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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.
