Orrstown Financial Services Inc (ORRF) News
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ORRF News Highlights
- For ORRF, its 30 day story count is now at 5.
- Over the past 8 days, the trend for ORRF's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
- BANC, CVLY and DEC are the most mentioned tickers in articles about ORRF.
Latest ORRF News From Around the Web
Below are the latest news stories about ORRSTOWN FINANCIAL SERVICES INC that investors may wish to consider to help them evaluate ORRF as an investment opportunity.
Best Value Stocks to Buy for December 20thRWAY, KT and ORRF made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 20, 2023. |
Orrstown (ORRF) Surges 8.1%: Is This an Indication of Further Gains?Orrstown (ORRF) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term. |
Orrstown Financial buying Pennsylvania rival Codorus for $207 millionThe acquisition would deepen Orrstown's presence in its home state and Maryland. In recent years, Codorus Valley Bancorp had faced pressure from an activist investor to consider selling. |
Codorus Valley to merge with Orrstown Financial in all-stock dealThe banks said on Tuesday their boards had unanimously approved the $207 million deal, under which each outstanding share of Codorus Valley common stock will be exchanged for the right to receive 0.875 shares of Orrstown common stock. Treasury Secretary Janet Yellen said in May more mergers among midsize U.S. banks could be necessary after a series of bank failures earlier this year. In July, Banc of California and PacWest Bancorp also said they will merge in an all-stock deal. |
Orrstown Financial Services, Inc. and Codorus Valley Bancorp, Inc. Announce a Merger of Equals to Create a Premier Pennsylvania and Maryland Community Banking FranchiseSHIPPENSBURG, Pa. and YORK, Pa., Dec. 12, 2023 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (“Orrstown”) (NASDAQ: ORRF), the parent company of Orrstown Bank, and Codorus Valley Bancorp, Inc. (“Codorus Valley”) (NASDAQ: CVLY), the parent company of PeoplesBank, A Codorus Valley Company (“PeoplesBank”), today announced they have entered into a definitive agreement pursuant to which Codorus Valley will merge with and into Orrstown in an all-stock transaction valued at approximately $207.0 |
Orrstown Financial Services (NASDAQ:ORRF) shareholders have earned a 17% CAGR over the last three yearsOne simple way to benefit from the stock market is to buy an index fund. But if you buy good businesses at attractive... |
Orrstown Financial Services (ORRF) Beats Q3 Earnings EstimatesOrrstown (ORRF) delivered earnings and revenue surprises of 6.10% and 0.73%, respectively, for the quarter ended September 2023. Do the numbers hold clues to what lies ahead for the stock? |
Orrstown Financial Services, Inc. Reports Earnings for the Third Quarter 2023Net income of $9.0 million and diluted earnings per share of $0.87 for the three months ended September 30, 2023 compared to net income of $9.8 million and diluted earnings per share of $0.94 for the three months ended June 30, 2023;Net interest margin, on a tax equivalent basis, was 3.73% in the third quarter of 2023 as compared to 3.83% in the second quarter of 2023;Return on average assets of 1.18% and return on average equity of 14.42% for the third quarter of 2023 compared to return on aver |
Are Investors Undervaluing Financial Institutions (FISI) Right Now?Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. |
Orrstown Financial Services, Inc. (NASDAQ:ORRF) most popular amongst individual investors who own 48% of the shares, institutions hold 44%Key Insights Orrstown Financial Services' significant individual investors ownership suggests that the key decisions... |