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Orrstown Financial Services Inc (NASDAQ: ORRF) |
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Price: $43.0350
$0.58 
1.354%
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| Day's High:
| $43.119998931884766
| Week Perf:
| 3.2 %
|
| Day's Low: |
$ 42.26 |
30 Day Perf: |
0.17 % |
| Volume (M): |
11,922 |
52 Wk High: |
$ 43.81 |
| Volume (M$): |
$ 0 |
52 Wk Avg: |
$37.25 |
| Open: |
$42.26 |
52 Wk Low: |
$31.87 |
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| Market Capitalization (Millions $) |
835 |
| Shares
Outstanding (Millions) |
19 |
| Employees |
652 |
| Revenues (TTM) (Millions $) |
255 |
| Net Income (TTM) (Millions $) |
85 |
| Cash Flow (TTM) (Millions $) |
-126 |
| Capital Exp. (TTM) (Millions $) |
2 |
Business Description
The Bank is engaged in commercial banking and trust business as authorized
by the Pennsylvania Banking Code of 1965. This involves accepting demand, time
and savings deposits, and granting loans. The Bank grants commercial, residential,
consumer and agribusiness loans in its market areas of Cumberland, Franklin,
Lancaster and Perry Counties in Pennsylvania, Washington County, Maryland, and
in contiguous counties. The Bank was originally organized in 1919 as a state-chartered
bank. On March 8, 1988, in a bank holding company reorganization transaction,
the Company acquired 100% ownership of the Bank, issuing 131,455 shares of the
Company’s common stock to the former shareholders of the Bank.
All secured loans are supported with appraisals or evaluations of collateral.
Business equipment and machinery, inventories, accounts receivable, and farm
equipment are considered appropriate security, provided they meet acceptable
standards for liquidity and marketability. Loans secured by real estate generally
do not exceed 90% of the appraised value of the property. Loan to collateral
values are monitored as part of the loan review process, and appraisals are
updated as deemed appropriate under the circumstances.
The Bank has a loan review policy and program which is designed to identify
and mitigate risk in the lending function. The Enterprise Risk Management (“ERM”)
Committee, comprised of executive officers and loan department personnel, is
charged with the oversight of overall credit quality and risk exposure of the
Bank’s loan portfolio. This includes the monitoring of the lending activities
of all Bank personnel with respect to underwriting and processing new loans
and the timely follow-up and corrective action for loans showing signs of deterioration
in quality. The loan review program provides the Bank with an independent review
of the Bank’s loan portfolio on an ongoing basis. Generally, consumer
and residential mortgage loans are included in the Pass categories unless a
specific action, such as extended delinquencies, bankruptcy, repossession, or
death of the borrower occurs, which heightens awareness as to a possible negative
credit event.
Company Address: 4750 Lindle Road Harrisburg 17111 PA
Company Phone Number: 532-6114 Stock Exchange / Ticker: NASDAQ ORRF
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Customers Net Income fell by |
ORRF's Customers Net Profit Margin fell to |
-13.13 % |
10.06 %
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| Stock Performances by Major Competitors |
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| Management Changes
Published Fri, Jan 17 2025 12:03 AM UTC
In a strategic move aimed at enhancing its technological capabilities and operational efficiency, Orrstown Bank has appointed Chris Orr as Chief Information Officer and Ben Colvard as Chief Operations Officer. This development, announced on January 16, 2025, heralds a new chapter in Orrstown Financial Services, Inc. (NASDAQ: ORRF) as both executives bring a wealth of experie...
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| Dividend
Published Tue, Jul 23 2024 8:06 PM UTC
In its recent press release, Orrstown Financial Services, Inc. (NASDAQ: ORRF) revealed its earnings for the three months ended June 30, 2024. The parent company of Orrstown Bank, Orrstown Financial Services reported a net income of $7.7 million for this period, experiencing a decline from $8.5 million in the previous quarter and $9.8 million in the comparable period of ...
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| Merger and Acquisition
Published Mon, Jul 1 2024 12:30 PM UTC
In a recent press release, Orrstown Financial Services Inc (NASDAQ: ORRF) and Codorus Valley Bancorp Inc (NASDAQ: CVLY) announced the successful completion of their merger of equals, forming an influential Pennsylvania and Maryland community bank. This strategic move is expected to have a significant impact on both companies and their respective shares.
The merger c...
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| Management Announcement
Published Mon, Jun 17 2024 12:30 PM UTC
Orrstown Financial Services, Inc. and Codorus Valley Bancorp, Inc. Receive Regulatory Approvals for Merger of Equals
SHIPPENSBURG, Pa. and YORK, Pa., June 17, 2024 - Orrstown Financial Services, Inc. (NASDAQ: ORRF) and Codorus Valley Bancorp, Inc. (NASDAQ: CVLY) announced today that they have successfully obtained the necessary regulatory approvals and waivers for their ...
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| Stock Market Announcement
Published Thu, May 30 2024 8:15 PM UTC
In a significant announcement, Orrstown Financial Services, Inc. and Codorus Valley Bancorp, Inc. disclosed that they have both obtained shareholder approval for their proposed merger of equals. The merger, which was previously announced, will see Codorus Valley merging with and into Orrstown, with Orrstown emerging as the surviving corporation.
The special meetings...
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Fundamental Analysis
| Per Share |
Current |
| Earnings (TTM) |
4.37 $ |
| Revenues (TTM) |
13.16 $
|
| Cash Flow (TTM) |
- |
| Cash |
-
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| Book Value |
31.08 $
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| Dividend (TTM) |
1.11 $ |
| Efficiency
|
Current |
| Revenue per Employee
(TTM) |
391,672 |
| Net
Income per Employee (TTM) |
129,775 |
| Receivable Turnover Ratio (TTM) |
- |
| Inventory Turnover Ratio (TTM) |
- |
| Asset Turnover Ratio (TTM) |
0.05 |
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| Per Share |
|
| Earnings (TTM) |
4.37 $
|
| Revenues (TTM) |
13.16 $ |
| Cash Flow (TTM) |
- |
| Cash |
-
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| Book Value |
31.08 $ |
| Dividend (TTM) |
1.11 $ |
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0.82% 