Orrstown Financial Services (NASDAQ:ORRF) Hits New 12-Month High - Should You Buy?

Orrstown Financial Services Inc (NASDAQ:ORRF - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $40.72 and last traded at $39.29, with a volume of 129442 shares traded. The stock had previously closed at $39.48.Wall Street Analyst Weigh InA number of equities research analysts have weighed in on ORRF shares. Hovde Group raised their price objective on Orrstown Financial Services from $40.00 to $42.00 and gave the company an "outperform" rating in a research note on Monday, February 2nd. Weiss Ratings reissued a "hold (c+)" rating on shares of Orrstown Financial Services in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Orrstown Financial Services has a consensus rating of "Moderate Buy" and a consensus price target of $39.67.View Our Latest Stock Report on ORRFOrrstown Financial Services Stock Down 0.5%The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $766.16 million, a P/E ratio of 9.40 and a beta of 0.83. The stock has a fifty day moving average price of $36.70 and a two-hundred day moving average price of $34.99. Orrstown Financial Services (NASDAQ:ORRF - Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The bank reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.03. The firm had revenue of $64.92 million during the quarter, compared to the consensus estimate of $51.54 million. Orrstown Financial Services had a net margin of 22.71% and a return on equity of 15.04%. Research analysts forecast that Orrstown Financial Services Inc will post 4.23 EPS for the current year. Orrstown Financial Services Increases DividendThe firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Tuesday, February 10th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.1%. This is a positive change from Orrstown Financial Services's previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, February 10th. Orrstown Financial Services's dividend payout ratio (DPR) is currently 25.84%. Hedge Funds Weigh In On Orrstown Financial ServicesInstitutional investors have recently made changes to their positions in the stock. Kennedy Capital Management LLC boosted its position in Orrstown Financial Services by 569.5% during the 3rd quarter. Kennedy Capital Management LLC now owns 280,723 shares of the bank's stock valued at $9,539,000 after purchasing an additional 238,790 shares during the period. Marshall Wace LLP bought a new stake in Orrstown Financial Services in the second quarter valued at $7,424,000. Assenagon Asset Management S.A. acquired a new position in shares of Orrstown Financial Services during the third quarter valued at $6,628,000. Millennium Management LLC grew its position in shares of Orrstown Financial Services by 123.8% during the first quarter. Millennium Management LLC now owns 330,322 shares of the bank's stock worth $9,913,000 after acquiring an additional 182,709 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Orrstown Financial Services by 10.4% during the third quarter. Dimensional Fund Advisors LP now owns 765,332 shares of the bank's stock worth $26,006,000 after acquiring an additional 72,373 shares during the last quarter. 44.27% of the stock is owned by institutional investors. Orrstown Financial Services Company Profile (Get Free Report)Orrstown Financial Services, Inc is the bank holding company for Orrstown Bank, a community banking organization headquartered in Shippensburg, Pennsylvania. The roots of Orrstown Bank date back to 1865, and the holding company structure was established to support its growth and diversification. As a regional financial institution, Orrstown Financial Services focuses on delivering personalized banking solutions to individuals, families and businesses across Central Pennsylvania. The company's core offerings include a full suite of deposit products such as checking and savings accounts, money market accounts and certificates of deposit.Further ReadingFive stocks we like better than Orrstown Financial ServicesThe buying spree that no one is talking aboutHow to collect $500-$800 weekly (BlackRock's system)Trump’s AI Secret: 100X Faster Than NvidiaNEW LAW: Congress Approves Setup For Digital Dollar?They just tried to kill goldThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Orrstown Financial Services Right Now?Before you consider Orrstown Financial Services, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Orrstown Financial Services wasn't on the list.While Orrstown Financial Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here