Orrstown Financial Services
Market Cap
US$180.9m
Last Updated
2020/12/01 23:25 UTC
Data Sources
Company Financials +
Executive Summary
Orrstown Financial Services, Inc. operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 7.8% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet with solid track record and pays a dividend.
Similar Companies
Share Price & News
How has Orrstown Financial Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ORRF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: ORRF's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
-6.4%
ORRF
-2.7%
US Banks
0.6%
US Market
1 Year Return
-24.6%
ORRF
-16.6%
US Banks
22.7%
US Market
Return vs Industry: ORRF underperformed the US Banks industry which returned -19.6% over the past year.
Return vs Market: ORRF underperformed the US Market which returned 21% over the past year.
Shareholder returns
| ORRF | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.4% | -2.7% | 0.6% |
| 30 Day | 15.5% | 20.9% | 13.1% |
| 90 Day | 10.2% | 17.0% | 4.5% |
| 1 Year | -21.3%-24.6% | -13.6%-16.6% | 25.5%22.7% |
| 3 Year | -29.5%-35.8% | -6.0%-13.8% | 49.0%39.1% |
| 5 Year | 3.9%-8.8% | 38.8%21.5% | 98.3%76.5% |
Long-Term Price Volatility Vs. Market
How volatile is Orrstown Financial Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does Orrstown Financial Services' (NASDAQ:ORRF) CEO Salary Compare Well With The Performance Of The Company?1 month ago | Simply Wall St
Thomas Brugger Is The Executive VP & CFO of Orrstown Financial Services, Inc. (NASDAQ:ORRF) And They Just Picked Up 59% More Shares1 month ago | Simply Wall St
How Many Orrstown Financial Services, Inc. (NASDAQ:ORRF) Shares Do Institutions Own?Valuation
Is Orrstown Financial Services undervalued compared to its fair value and its price relative to the market?
8.57x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ORRF ($16.15) is trading above our estimate of fair value ($15.09)
Significantly Below Fair Value: ORRF is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ORRF is good value based on its PE Ratio (8.6x) compared to the US Banks industry average (11.3x).
PE vs Market: ORRF is good value based on its PE Ratio (8.6x) compared to the US market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: ORRF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ORRF is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (0.9x).
Next Steps
Future Growth
How is Orrstown Financial Services forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-7.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ORRF's earnings are forecast to decline over the next 3 years (-7.8% per year).
Earnings vs Market: ORRF's earnings are forecast to decline over the next 3 years (-7.8% per year).
High Growth Earnings: ORRF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ORRF's revenue is expected to decline over the next 3 years (-9.3% per year).
High Growth Revenue: ORRF's revenue is forecast to decline over the next 3 years (-9.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ORRF's Return on Equity is forecast to be low in 3 years time (8%).
Next Steps
Past Performance
How has Orrstown Financial Services performed over the past 5 years?
15.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ORRF has high quality earnings.
Growing Profit Margin: ORRF's current net profit margins (20.4%) are higher than last year (15.1%).
Past Earnings Growth Analysis
Earnings Trend: ORRF's earnings have grown by 15% per year over the past 5 years.
Accelerating Growth: ORRF's earnings growth over the past year (48.7%) exceeds its 5-year average (15% per year).
Earnings vs Industry: ORRF earnings growth over the past year (48.7%) exceeded the Banks industry -4.1%.
Return on Equity
High ROE: ORRF's Return on Equity (8.9%) is considered low.
Next Steps
Financial Health
How is Orrstown Financial Services's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: ORRF's Assets to Equity ratio (11.9x) is moderate.
Allowance for Bad Loans: ORRF has a sufficient allowance for bad loans (250%).
Low Risk Liabilities: 89% of ORRF's liabilities are made up of primarily low risk sources of funding.
Loan Level: ORRF has an appropriate level of Loans to Assets ratio (72%).
Low Risk Deposits: ORRF's Loans to Deposits ratio (88%) is appropriate.
Level of Bad Loans: ORRF has an appropriate level of bad loans (0.4%).
Next Steps
Dividend
What is Orrstown Financial Services's current dividend yield, its reliability and sustainability?
4.21%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ORRF's dividend (4.21%) is higher than the bottom 25% of dividend payers in the US market (1.5%).
High Dividend: ORRF's dividend (4.21%) is in the top 25% of dividend payers in the US market (4.18%)
Stability and Growth of Payments
Stable Dividend: ORRF's dividend payments have been volatile in the past 10 years.
Growing Dividend: ORRF's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35%), ORRF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ORRF's dividends in 3 years are forecast to be well covered by earnings (43.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Tom Quinn (61 yo)
11.5yrs
Tenure
US$1,392,280
Compensation
Mr. Thomas Rodney Quinn, Jr., also known as Tom, has been the Chief Executive Officer and President at Orrstown Financial Services Inc. since May 5, 2009. Mr. Quinn has been the President and Chief Executi...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD1.39M) is about average for companies of similar size in the US market ($USD1.12M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.5yrs | US$1.39m | 0.54% $ 969.7k | |
| Executive VP & CFO | 1.33yrs | US$292.90k | 0.12% $ 216.5k | |
| Executive VP & Assistant Secretary | no data | US$452.15k | 0.36% $ 642.7k | |
| Executive VP & Chief Revenue Officer | 1.75yrs | US$468.00k | 0.15% $ 273.3k | |
| Executive VP | 2.83yrs | US$522.59k | 0.22% $ 392.9k | |
| Executive VP and Chief Operations & Logistics Officer | 1.83yrs | no data | 0.14% $ 257.8k | |
| Chief Accounting Officer | 0.67yr | no data | 0.0089% $ 16.2k | |
| Senior Vice President of Strategic Planning & Investor Relations | 1.33yrs | no data | no data | |
| Executive VP | 3.17yrs | no data | 0.10% $ 182.4k | |
| Executive VP & Chief Human Resources Officer | 9.42yrs | US$178.76k | 0.15% $ 268.5k | |
| Executive VP & Market President | 9.42yrs | US$186.15k | 0.14% $ 247.3k | |
| Senior Vice President of Strategic Corporate Initiatives | no data | no data | no data |
2.3yrs
Average Tenure
54yo
Average Age
Experienced Management: ORRF's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.5yrs | US$1.39m | 0.54% $ 969.7k | |
| Independent Director | 24.83yrs | US$81.62k | 0.28% $ 513.2k | |
| Independent Director | 21.83yrs | US$79.53k | 0.21% $ 381.1k | |
| Independent Chairman of the Board | 29.83yrs | US$113.22k | 0.37% $ 670.3k | |
| Independent Director | 11.5yrs | US$92.07k | 0.13% $ 235.1k | |
| Independent Director | 7.25yrs | US$84.52k | 0.11% $ 207.8k | |
| Independent Director | 2.08yrs | US$74.02k | 0.10% $ 181.0k | |
| Independent Director | 8.5yrs | US$101.52k | 0.19% $ 340.8k | |
| Independent Director | 4.83yrs | US$81.87k | 0.091% $ 164.4k | |
| Independent Director | 4.83yrs | US$79.52k | 0.088% $ 158.7k | |
| Director | 0.42yr | no data | 0.055% $ 100.3k |
8.5yrs
Average Tenure
64yo
Average Age
Experienced Board: ORRF's board of directors are considered experienced (8.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ORRF insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Orrstown Financial Services, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Orrstown Financial Services, Inc.
- Ticker: ORRF
- Exchange: NasdaqCM
- Founded: 1919
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$180.937m
- Shares outstanding: 11.20m
- Website: https://www.orrstown.com
Number of Employees
Location
- Orrstown Financial Services, Inc.
- 77 East King Street
- PO Box 250
- Shippensburg
- Pennsylvania
- 17257
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ORRF | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Jul 1998 |
| OFR | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 1998 |
Biography
Orrstown Financial Services, Inc. operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The company accepts various deposits, including...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/12/01 23:25 |
| End of Day Share Price | 2020/12/01 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.