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Last $17.38 USD
Change Today -0.04 / -0.23%
Volume 10.1K
ORRF On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

orrstown finl services inc (ORRF) Snapshot

Open
$17.31
Previous Close
$17.42
Day High
$17.48
Day Low
$17.31
52 Week High
05/21/15 - $18.00
52 Week Low
12/24/14 - $15.50
Market Cap
144.7M
Average Volume 10 Days
3.8K
EPS TTM
$3.51
Shares Outstanding
8.3M
EX-Date
08/5/15
P/E TM
5.0x
Dividend
$0.28
Dividend Yield
0.81%
Current Stock Chart for ORRSTOWN FINL SERVICES INC (ORRF)

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orrstown finl services inc (ORRF) Details

Orrstown Financial Services, Inc. operates as a bank holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The company accepts various deposits, including checking, savings, time, money market, and demand deposits. Its loan products include commercial loans, such as commercial real estate, equipment, working capital, and other commercial purpose loans; consumer loans comprising home equity loans, home equity lines of credit, and other consumer loans; residential mortgage loans; construction and land development loans; municipal loans; and installment and other 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 debit card and merchant services; and financial services, such as brokerage, mutual funds, trusts, estate planning, investments, and life insurance products. As of July 22, 2015, the company operated 22 banking offices; and 2 remote service facilities 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.

296 Employees
Last Reported Date: 03/12/15
Founded in 1919

orrstown finl services inc (ORRF) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $561.1K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $385.8K
Executive Vice President, Treasurer, Assistan...
Total Annual Compensation: $283.5K
Executive Vice President of Operations and Te...
Total Annual Compensation: $290.4K
Compensation as of Fiscal Year 2014.

orrstown finl services inc (ORRF) Key Developments

Court Dismisses Without Prejudice Septa's Amended Complaint against Orrstown Financial Services, Inc

As previously disclosed, Orrstown Financial Services Inc. was party to litigation captioned Southeastern Pennsylvania Transportation Authority verses Orrstown Financial Services Inc. et al., No. 1:12-cv-00993 (M.D. Pa.). On June 22, 2015, in a 96-page Memorandum, the Court dismissed without prejudice SEPTA's amended complaint against all defendants, finding that SEPTA failed to state a claim under either the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. The Court ordered that, within 30 days, SEPTA either seek leave to amend its amended complaint, accompanied by the proposed amendment, or file a notice of its intention to stand on the amended complaint.

Orrstown Financial Services Inc. Declares Cash Dividend, Payable on August 20, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

The Board of Directors of Orrstown Financial Services Inc. declared a cash dividend of $0.07 per common share, payable August 20, 2015, to shareholders of record as of August 7, 2015. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's total interest and dividend income was $9,568,000 compared to $9,585,000 a year ago. Net interest income was $8,598,000 compared to $8,500,000 a year ago. Net interest income after provision for loan losses was $8,598,000 compared to $8,500,000 a year ago. Income before income tax was $1,823,000 compared to $2,873,000 a year ago. Net income was $1,502,000 compared to $2,873,000 a year ago. Diluted earnings per share was $0.18 compared to $0.35 a year ago. Return on average assets was 0.50% compared to 0.97% a year ago. Return on average equity was 4.58% compared to 11.65% a year ago. For the six months, the company's total interest and dividend income was $18,796,000 compared to $19,186,000 a year ago. Net interest income was $16,913,000 compared to $17,016,000 a year ago. Net interest income after provision for loan losses was $16,913,000 compared to $17,016,000 a year ago. Income before income tax was $5,000,000 compared to $4,851,000 a year ago. Net income was $3,964,000 compared to $4,851,000 a year ago. Diluted earnings per share was $0.49 compared to $0.60 a year ago. Return on average assets was 0.67% compared to 0.83% a year ago. Return on average equity was 6.12% compared to 10.14% a year ago. Operating results for the first two quarters of 2015 were influenced by the recording of income tax expense, whereas in 2014 no expense was recorded due to the valuation allowance on the net deferred tax asset.

Orrstown Financial Services Inc. and Orrstown Bank Announce Termination of Jeffrey M. Seibert as Their Executive Vice President and Chief Operating Officer

Orrstown Financial Services Inc. announced that, effective April 29, 2015, the employment of Mr. Jeffrey M. Seibert has terminated. Seibert was Executive Vice President and Chief Operating Officer of the company and Orrstown Bank since August 2012.

 

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Industry Analysis

ORRF

Industry Average

Valuation ORRF Industry Range
Price/Earnings 5.0x
Price/Sales 2.5x
Price/Book 1.1x
Price/Cash Flow 5.1x
TEV/Sales NM Not Meaningful
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