3 days ago. orrstown financial Services, Inc. (NASDAQ:ORRF) – Equities research. Hovde Group initiated coverage on shares of Orrstown Financial.
Hovde group assumed coverage on shares of Orrstown Financial Services (NASDAQ:ORRF) in a report issued on Friday, The Fly reports. The brokerage issued an outperform rating and a $25.00 price target on the bank’s stock. A number of other analysts also recently commented on ORRF. ValuEngine raised Orrstown Financial Services from a sell rating to [.]
Zacks Investment Research upgraded shares of Orrstown Financial Services (NASDAQ:ORRF) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, Zacks.com reports. They currently have $24.00 target price on the bank’s stock. According to Zacks, "Orrstown Financial Services, Inc. is a financial holding company.
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Orrstown Financial Services, Inc. (NASDAQ:ORRF) announced a quarterly dividend on Wednesday, July 24th, NASDAQ reports. Stockholders of record on Monday, August 5th will be given a dividend of 0.15 per share by the bank on Monday, August 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.62%.
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ORRF has been the subject of a number of other research reports. ValuEngine downgraded shares of Orrstown Financial Services from a hold rating to a sell rating in a research report on Tuesday, March 5th. Hovde Group initiated coverage on shares of Orrstown Financial Services in a research note on Friday, May 31st.
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Under the terms of the agreement, Mercersburg shareholders may elect to receive either 1.5291 Orrstown shares or $40.00 in cash for each Mercersburg share, subject to proration to ensure that, in.