Last $16.38 USD
Change Today +0.39 / 2.44%
Volume 23.1K
ORRF On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

orrstown finl services inc (ORRF) Snapshot

Open
$16.10
Previous Close
$15.99
Day High
$16.38
Day Low
$16.05
52 Week High
09/25/13 - $18.00
52 Week Low
08/21/14 - $15.33
Market Cap
132.8M
Average Volume 10 Days
10.6K
EPS TTM
$1.21
Shares Outstanding
8.1M
EX-Date
04/26/12
P/E TM
13.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for ORRSTOWN FINL SERVICES INC (ORRF)

Related News

No related news articles were found.

orrstown finl services inc (ORRF) Related Businessweek News

No Related Businessweek News Found

orrstown finl services inc (ORRF) Details

Orrstown Financial Services, Inc. operates as the bank holding company for Orrstown Bank that provides commercial banking and trust services in Pennsylvania and Maryland. The company offers various deposit products, including demand, time, savings, checking, and money market deposits. It also provides various loan products comprising commercial loans, such as commercial real estate, equipment, working capital, and other commercial purpose loans; consumer loans consisting of home equity loans, home equity lines of credit, and other consumer loans; construction, land development, and mortgage loans; and financial and agricultural loans. In addition, the company renders services as trustee, executor, administrator, guardian, managing agent, custodian, and investment advisor, as well as provides other fiduciary and retail brokerage services. Further, it offers a line of financial services, including brokerage, mutual funds, trusts, estate planning, investments, and insurance products. The company operates 22 offices in Cumberland, Franklin, Lancaster, and Perry Counties of Pennsylvania, as well as Washington County, Maryland. Orrstown Financial Services, Inc. was founded in 1919 and is headquartered in Shippensburg, Pennsylvania.

323 Employees
Last Reported Date: 03/14/14
Founded in 1919

orrstown finl services inc (ORRF) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $414.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $285.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $285.0K
Executive Vice President, Treasurer, Assistan...
Total Annual Compensation: $209.4K
Senior Vice President of Retail Banking and C...
Total Annual Compensation: $180.3K
Compensation as of Fiscal Year 2013.

orrstown finl services inc (ORRF) Key Developments

Orrstown Financial Services Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Loans Charge-Offs for the Second Quarter of 2014

Orrstown Financial Services Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest and dividend income of $9,585,000 compared to $8,989,000 a year ago. Net interest income was $8,500,000 compared to $7,701,000 a year ago. Income before income tax was $2,873,000 compared to $3,438,000 a year ago. Net income was $2,873,000 or $0.35 per basic and diluted share compared to $3,408,000 or $0.42 per basic and diluted share a year ago. Return on average assets was 0.97% compared to 1.14% a year ago. Return on average equity was 11.65% compared to 15.39% a year ago. Net interest income after provision for loan losses was $8,500,000 compared to $9,101,000 a year ago. For the six months, the company reported total interest and dividend income of $19,186,000 compared to $18,473,000 a year ago. Net interest income was $17,016,000 compared to $15,808,000 a year ago. Income before income tax was $4,851,000 compared to $5,028,000 a year ago. Net income was $4,851,000 or $0.6 per basic and diluted share compared to $4,968,000 or $0.61 per basic and diluted share a year ago. Return on average assets was 0.83% compared to 0.84% a year ago. Return on average equity was 10.14% compared to 11.35% a year ago. Net income for the three and six months was favorably influenced by a negative provision for loan losses of $1.4 million with no similar benefit in 2014. Net income for 2014 benefited from higher levels of gains on sales of securities and real estate owned sales, which, in the aggregate, were $893,000 and $1.5 million higher for the three and six months ended June 30, 2014 than in the same periods in the prior year. Net interest income after provision for loan losses was $17,016,000 compared to $17,208,000 a year ago. For the quarter, the company reported loans charged-off of $574,000 against $1,899,000 a year ago.

Orrstown Financial Services Inc. Announces Auditor Change

The Audit Committee of Orrstown Financial Services Inc. recommended to the Board of Directors that the company appoint Crowe Horwath LLP as the company’s new independent registered public accounting firm. The Board of Directors approved the appointment of Crowe Horwath as the new independent registered public accounting firm, and simultaneously, the dismissal of Smith Elliott Kearns & Company, LLC, effective on June 16, 2014.

Orrstown Financial Services Inc. Announces Earnings Results for the First Quarter Ended March 31, 2014

Orrstown Financial Services Inc. announced earnings results for the first quarter ended March 31, 2014. The company has reported that net income for the first quarter ended March 31, 2014 was $1.98 million, or $0.24 per share, compared to $1.56 million, or $0.19 per share, for the same quarter ended March 31, 2013. Net interest income for the first quarter ended March 31, 2014 was $8.52 million, compared to $8.11 million for the same quarter ended March 31, 2013. Income before income tax for the first quarter ended March 31, 2014 was $1.98 million, compared to $1.59 million for the same quarter ended March 31, 2013.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
ORRF:US $16.38 USD +0.39

ORRF Competitors

Market data is delayed at least 15 minutes.

Company Last Change
ACNB Corp $19.60 USD +0.25
Chemung Financial Corp $28.49 USD +0.28
Codorus Valley Bancorp Inc $21.02 USD +0.03
ESSA Bancorp Inc $11.59 USD +0.32
Isabella Bank Corp $23.50 USD +0.20
View Industry Companies
 

Industry Analysis

ORRF

Industry Average

Valuation ORRF Industry Range
Price/Earnings 13.4x
Price/Sales 2.5x
Price/Book 1.3x
Price/Cash Flow 13.4x
TEV/Sales 0.4x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ORRSTOWN FINL SERVICES INC, please visit www.orrstown.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.