Orrstown Financial Services
Orrstown Financial Services, Inc. operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The last earnings update was 42 days ago. More info.
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ORRF Share Price and Events
7 Day Returns
1 Year Returns
ORRF Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Orrstown Financial Services (ORRF) | 2.7% | 5% | 12.2% | -16.4% | 19.9% | 32.5% |
| US Banks | -1.1% | -1.1% | -3.3% | -9.1% | 43.9% | 38.4% |
| US Market | 0.1% | 0.6% | 0.9% | 1.2% | 36.7% | 37.9% |
1 Year Return vs Industry and Market
- ORRF underperformed the Banks industry which returned -9.1% over the past year.
- ORRF underperformed the Market in United States of America which returned 1.2% over the past year.
ORRF Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Orrstown Financial Services
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Orrstown Financial Services.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 4 analysts.
= Stable Book Value * Return on Equity = $20.77 * 10.7% |
$2.22 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 3 analysts. | $20.77 |
| Discount Rate (Cost of Equity) | See below | 8.2% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.59 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.59 (1 + (1- 21%) (61.24%)) |
0.916 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.92 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.916 * 5.96%) |
8.19% |
Discounted Cash Flow Calculation for NasdaqCM:ORRF using Excess Returns Model Model
The calculations below outline how an intrinsic value for Orrstown Financial Services is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (10.7% – 8.19%) * $20.77) |
$0.52 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $0.52 / (8.19% - 2.73%) |
$9.60 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $20.77 + $9.60 |
$30.36 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $30.36 |
| Current discount | Discount to share price of
$22.02
= -1 x ($22.02 - $30.36) / $30.36 |
27.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Orrstown Financial Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Orrstown Financial Services's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Orrstown Financial Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Orrstown Financial Services's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $1.42 |
| NasdaqCM:ORRF Share Price ** | NasdaqCM (2019-06-18) in USD | $22.02 |
| United States of America Banks Industry PE Ratio | Median Figure of 600 Publicly-Listed Banks Companies | 12.66x |
| United States of America Market PE Ratio | Median Figure of 3,092 Publicly-Listed Companies | 17.63x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Orrstown Financial Services.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqCM:ORRF Share Price ÷ EPS (both in USD) = 22.02 ÷ 1.42 |
15.47x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Orrstown Financial Services is overvalued based on earnings compared to the US Banks industry average.
- Orrstown Financial Services is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Orrstown Financial Services's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 15.47x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
50.6%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 272 Publicly-Listed Banks Companies | 1.36x |
| United States of America Market PEG Ratio | Median Figure of 2,126 Publicly-Listed Companies | 1.53x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 15.47x ÷ 50.6% |
0.31x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Orrstown Financial Services is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Orrstown Financial Services's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $18.89 |
| NasdaqCM:ORRF Share Price * | NasdaqCM (2019-06-18) in USD | $22.02 |
| United States of America Banks Industry PB Ratio | Median Figure of 603 Publicly-Listed Banks Companies | 1.19x |
| United States of America Market PB Ratio | Median Figure of 5,244 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqCM:ORRF Share Price ÷ Book Value per Share (both in USD) = 22.02 ÷ 18.89 |
1.17x |
* Primary Listing of Orrstown Financial Services.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Orrstown Financial Services is good value based on assets compared to the US Banks industry average.
Value checks
We assess Orrstown Financial Services's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) Orrstown Financial Services has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
ORRF Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Orrstown Financial Services's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Orrstown Financial Services's earnings growth is expected to exceed the United States of America market average.
- Orrstown Financial Services's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqCM:ORRF Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 50.6% |
| NasdaqCM:ORRF Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 8% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 3.8% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 3.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 81 | 26 | 4 | |
| 2019-12-31 | 72 | 15 | 4 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 75 | 18 | 12 |
| 2018-12-31 | 72 | 22 | 13 |
| 2018-09-30 | 69 | 22 | 12 |
| 2018-06-30 | 67 | 23 | 10 |
| 2018-03-31 | 65 | 17 | 10 |
| 2017-12-31 | 63 | 16 | 8 |
| 2017-09-30 | 62 | 15 | 10 |
| 2017-06-30 | 59 | 18 | 9 |
| 2017-03-31 | 56 | 14 | 6 |
| 2016-12-31 | 56 | 16 | 7 |
| 2016-09-30 | 54 | 14 | 6 |
| 2016-06-30 | 54 | 13 | 7 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from Orrstown Financial Services Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 2.30 | 2.34 | 2.24 | 4.00 |
| 2019-12-31 | 1.40 | 1.89 | 1.10 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.42 |
| 2018-12-31 | 1.53 |
| 2018-09-30 | 1.44 |
| 2018-06-30 | 1.29 |
| 2018-03-31 | 1.20 |
| 2017-12-31 | 1.00 |
| 2017-09-30 | 1.24 |
| 2017-06-30 | 1.08 |
| 2017-03-31 | 0.75 |
| 2016-12-31 | 0.82 |
| 2016-09-30 | 0.76 |
| 2016-06-30 | 0.89 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Orrstown Financial Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Orrstown Financial Services's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Orrstown Financial Services has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
ORRF Past Performance
How has Orrstown Financial Services performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Orrstown Financial Services's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Orrstown Financial Services's 1-year earnings growth exceeds its 5-year average (26.4% vs -15.3%)
- Orrstown Financial Services's earnings growth has not exceeded the US Banks industry average in the past year (26.4% vs 40.4%).
Earnings and Revenue History
All data from Orrstown Financial Services Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 74.75 | 12.28 | 48.98 | |
| 2018-12-31 | 72.42 | 12.81 | 47.54 | |
| 2018-09-30 | 68.55 | 11.66 | 45.34 | |
| 2018-06-30 | 66.79 | 10.42 | 44.95 | |
| 2018-03-31 | 65.37 | 9.71 | 44.52 | |
| 2017-12-31 | 62.76 | 8.09 | 43.63 | |
| 2017-09-30 | 61.73 | 10.01 | 43.32 | |
| 2017-06-30 | 59.04 | 8.68 | 42.72 | |
| 2017-03-31 | 56.29 | 6.05 | 41.33 | |
| 2016-12-31 | 56.03 | 6.63 | 40.18 | |
| 2016-09-30 | 53.78 | 6.15 | 38.49 | |
| 2016-06-30 | 54.37 | 7.17 | 37.65 | |
| 2016-03-31 | 54.36 | 7.99 | 37.24 | |
| 2015-12-31 | 54.12 | 7.87 | 37.06 | |
| 2015-09-30 | 55.27 | 25.54 | 37.06 | |
| 2015-06-30 | 57.22 | 28.26 | 36.38 | |
| 2015-03-31 | 57.38 | 29.63 | 35.94 | |
| 2014-12-31 | 56.63 | 29.14 | 35.78 | |
| 2014-09-30 | 56.71 | 12.96 | 35.03 | |
| 2014-06-30 | 52.70 | 9.89 | 34.03 | |
| 2014-03-31 | 52.53 | 10.42 | 33.05 | |
| 2013-12-31 | 52.05 | 10.00 | 33.72 | |
| 2013-09-30 | 50.33 | 8.11 | 30.97 | |
| 2013-06-30 | 47.15 | -15.35 | 30.79 | |
| 2013-03-31 | 27.50 | -28.68 | 30.67 | |
| 2012-12-31 | 12.86 | -38.45 | 29.81 | |
| 2012-09-30 | -7.16 | -68.97 | 29.69 | |
| 2012-06-30 | -2.18 | -43.30 | 29.86 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Orrstown Financial Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Orrstown Financial Services used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if Orrstown Financial Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Orrstown Financial Services's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Orrstown Financial Services has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
ORRF Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Orrstown Financial Services Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 179.17 | 152.77 | 77.22 |
| 2018-12-31 | 173.43 | 179.38 | 77.83 |
| 2018-09-30 | 145.56 | 128.90 | 41.02 |
| 2018-06-30 | 145.14 | 147.47 | 22.58 |
| 2018-03-31 | 142.56 | 177.46 | 30.17 |
| 2017-12-31 | 144.77 | 177.39 | 28.41 |
| 2017-09-30 | 144.38 | 155.47 | 22.47 |
| 2017-06-30 | 143.26 | 114.55 | 38.01 |
| 2017-03-31 | 137.47 | 117.49 | 28.55 |
| 2016-12-31 | 134.86 | 112.03 | 25.90 |
| 2016-09-30 | 139.80 | 67.10 | 37.64 |
| 2016-06-30 | 141.04 | 67.72 | 63.65 |
| 2016-03-31 | 138.25 | 87.11 | 66.92 |
| 2015-12-31 | 133.06 | 113.65 | 27.08 |
| 2015-09-30 | 134.73 | 79.41 | 34.27 |
| 2015-06-30 | 130.26 | 127.93 | 23.79 |
| 2015-03-31 | 131.85 | 100.01 | 33.04 |
| 2014-12-31 | 127.27 | 101.55 | 30.81 |
| 2014-09-30 | 106.52 | 71.27 | 35.74 |
| 2014-06-30 | 102.45 | 69.27 | 40.01 |
| 2014-03-31 | 96.25 | 74.54 | 30.36 |
| 2013-12-31 | 91.44 | 75.11 | 36.54 |
| 2013-09-30 | 89.64 | 41.75 | 70.38 |
| 2013-06-30 | 87.80 | 53.40 | 84.34 |
| 2013-03-31 | 88.85 | 52.37 | 94.77 |
| 2012-12-31 | 87.69 | 47.12 | 149.85 |
| 2012-09-30 | 87.32 | 49.87 | 107.60 |
| 2012-06-30 | 107.63 | 65.64 | 125.52 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Orrstown Financial Services has an acceptable proportion of non-loan assets held.
- Orrstown Financial Services's liabilities are made up of primarily low risk sources of funding.
- Loans at Orrstown Financial Services are broadly funded by customer deposits.
- Orrstown Financial Services's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
- Orrstown Financial Services has a sufficient allowance for bad loans.
- Orrstown Financial Services has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess Orrstown Financial Services's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Orrstown Financial Services has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
ORRF Dividends
What is Orrstown Financial Services's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Orrstown Financial Services
shares you are expected to receive
$54
in your first year as a dividend.
Dividend Amount
- Orrstown Financial Services's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
- Orrstown Financial Services's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 478 Stocks | 2.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2011 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.61 | 3.00 |
| 2019-12-31 | 0.60 | 3.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-18 | 0.600 | 2.869 |
| 2019-03-15 | 0.600 | 3.113 |
| 2019-01-23 | 0.600 | 3.043 |
| 2018-11-06 | 0.520 | 2.621 |
| 2018-10-17 | 0.520 | 2.431 |
| 2018-08-07 | 0.520 | 2.107 |
| 2018-07-18 | 0.520 | 1.973 |
| 2018-05-08 | 0.520 | 1.988 |
| 2018-04-18 | 0.520 | 2.001 |
| 2018-03-09 | 0.480 | 1.969 |
| 2018-01-24 | 0.480 | 1.922 |
| 2017-11-07 | 0.480 | 1.907 |
| 2017-10-25 | 0.480 | 1.857 |
| 2017-08-08 | 0.400 | 1.610 |
| 2017-07-26 | 0.400 | 1.606 |
| 2017-05-09 | 0.400 | 1.815 |
| 2017-04-27 | 0.400 | 1.853 |
| 2017-03-13 | 0.400 | 1.891 |
| 2017-01-26 | 0.400 | 1.808 |
| 2016-07-28 | 0.360 | 1.717 |
| 2016-04-28 | 0.360 | 1.927 |
| 2016-03-11 | 0.320 | 1.825 |
| 2016-01-28 | 0.320 | 1.846 |
| 2015-11-06 | 0.320 | 1.813 |
| 2015-10-21 | 0.320 | 1.787 |
| 2015-08-05 | 0.280 | 1.662 |
| 2015-07-22 | 0.280 | 1.643 |
| 2015-05-08 | 0.280 | 1.664 |
| 2015-04-23 | 0.280 | 1.630 |
| 2013-08-08 | 0.000 | 0.000 |
| 2013-07-24 | 0.000 | 0.000 |
| 2013-05-09 | 0.000 | 0.000 |
| 2013-04-24 | 0.000 | 0.000 |
| 2013-03-06 | 0.000 | 0.000 |
| 2013-01-23 | 0.000 | 0.000 |
| 2012-11-08 | 0.000 | 0.000 |
| 2012-10-31 | 0.000 | 0.000 |
| 2012-08-09 | 0.000 | 0.000 |
| 2012-07-26 | 0.000 | 0.000 |
| 2012-05-09 | 0.000 | 0.000 |
| 2012-04-26 | 0.000 | 0.000 |
| 2011-10-26 | 0.000 | 0.000 |
| 2011-07-28 | 0.920 | 6.391 |
| 2011-04-28 | 0.920 | 3.784 |
| 2011-01-27 | 0.920 | 3.445 |
| 2010-07-22 | 0.900 | 3.672 |
| 2010-04-22 | 0.880 | 3.764 |
| 2010-01-28 | 0.880 | 2.919 |
| 2009-10-29 | 0.880 | 2.604 |
| 2009-07-30 | 0.880 | 2.368 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Income/ dividend checks
We assess Orrstown Financial Services's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Orrstown Financial Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Orrstown Financial Services has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
ORRF Management
CEO
| COMPENSATION | $1,536,192 |
| AGE | 59 |
| TENURE AS CEO | 10.1 years |
CEO Bio
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 Executive Officer at Orrstown Bank since May 5, 2009. He has 16 years of banking experience. He serves as Member of Community Depository Institutions Advisory Council at Federal Reserve Bank of Philadelphia. He served as Chief Executive Officer and President at Fifth Third Bank (South Florida) of Fifth Third Bank (Cincinnati, OH) from November 2005. Prior to joining Fifth Third Bank, he was associated with Citigroup in a variety of executive positions, where he had responsibility for commercial and retail banking including the investment and insurance business units. He joined Fifth Third from Citibank, where he served for more than 13 years, as President and Region Manager for Citibank's Upstate New York and Canadian retail operations. Prior to that, he was the National Sales Director at Citibank's student loan corporation and regional manager for Citibank's mortgage sales company. He has been a Director of Orrstown Financial Services Inc. and Orrstown Bank since May 2009. Prior to his job at Citibank, he was a Broker and Owner of Quinn Realty Company in Plattsburgh, New York. Mr. Quinn graduated from Edinboro University in Edinboro, Pennsylvania with a Bachelor's Degree in Political Science.
CEO Compensation
- Tom's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
- Tom's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Orrstown Financial Services management team in years:
- The average tenure for the Orrstown Financial Services management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Tom Quinn
President
$2M
59
10.1 yrs
Bob Coradi
Executive VP
$561K
56
5.2 yrs
Adam Metz
Executive VP & Chief Lending Officer
$515K
46
2.8 yrs
Philip Fague
Executive VP
$456K
58
Gary Manley
Director of SEC & Regulatory Reporting
0.1 yrs
Casara Kieffer
Assistant Vice President
Barb Brobst
Executive VP & Chief Human Resources Officer at Orrstown Bank
$179K
59
8 yrs
Jeff Gayman
EVP & Market President
$186K
45
8 yrs
Mark Bayer
Senior Vice President of Strategic Corporate Initiatives
55
Bob Russoli
Chief Trust Officer
8 yrs
Board of Directors Tenure
Average tenure and age of the Orrstown Financial Services board of directors in years:
- The tenure for the Orrstown Financial Services board of directors is about average.
Board of Directors
Joel Zullinger
Chairman of the Board
$123K
70
28.4 yrs
Tom Quinn
President
$2M
59
10.1 yrs
Glenn Snoke
Director
$85K
69
20.4 yrs
Floyd Stoner
Director
$106K
69
7.1 yrs
Cindy Joiner
Director
$87K
56
3.4 yrs
Andrea Pugh
Director
$88K
65
23.4 yrs
Mark Keller
Director
$114K
64
10.1 yrs
Eric Segal
Director
$89K
60
5.8 yrs
Tom Longenecker
Director
$84K
50
3.4 yrs
Michael Rice
Director
56
0.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 30. Oct 18 | Buy | Michael Rice | Individual | 29. Oct 18 | 29. Oct 18 | 500 | $20.34 | $10,170 | ||
| 01. Mar 19 | Sell | Anthony Ceddia | Individual | 27. Feb 19 | 27. Feb 19 | -1,000 | $20.40 | $-20,404 | ||
| 12. Feb 19 | Sell | Anthony Ceddia | Individual | 08. Feb 19 | 08. Feb 19 | -500 | $20.00 | $-10,000 | ||
| 30. Jan 19 | Buy | David Hornberger | Individual | 30. Jan 19 | 30. Jan 19 | 300 | $19.04 | $5,712 | ||
| 07. Dec 18 | Buy | Gregory Rosenberry | Individual | 07. Dec 18 | 07. Dec 18 | 100 | $19.71 | $1,971 | ||
| 06. Dec 18 | Buy | Gregory Rosenberry | Individual | 06. Dec 18 | 06. Dec 18 | 400 | $19.84 | $7,936 | ||
| 26. Nov 18 | Buy | Cindy Joiner | Individual | 23. Nov 18 | 23. Nov 18 | 380 | $20.41 | $7,756 | ||
| 29. Oct 18 | Buy | Robert Fignar | Individual | 26. Oct 18 | 26. Oct 18 | 1,000 | $20.61 | $20,610 | ||
| 29. Oct 18 | Buy | Joel Zullinger | Individual | 26. Oct 18 | 26. Oct 18 | 300 | $20.69 | $6,207 | ||
| 26. Oct 18 | Buy | Cindy Joiner | Individual | 25. Oct 18 | 25. Oct 18 | 600 | $20.35 | $12,210 | ||
| 26. Oct 18 | Buy | Floyd Stoner | Individual | 25. Oct 18 | 25. Oct 18 | 1,300 | $20.61 | $26,793 | ||
| 26. Oct 18 | Buy | Mark Keller | Individual | 26. Oct 18 | 26. Oct 18 | 300 | $20.49 | $6,147 | ||
| 26. Oct 18 | Buy | David Boyle | Individual | 26. Oct 18 | 26. Oct 18 | 500 | $20.00 | $10,000 | ||
| 25. Oct 18 | Buy | Thomas Longenecker | Individual | 25. Oct 18 | 25. Oct 18 | 100 | $20.25 | $2,025 | ||
| 25. Oct 18 | Buy | David Hornberger | Individual | 25. Oct 18 | 25. Oct 18 | 1,000 | $20.48 | $20,402 | ||
| 25. Oct 18 | Buy | David Boyle | Individual | 25. Oct 18 | 25. Oct 18 | 1,000 | $20.50 | $20,500 | ||
| 25. Oct 18 | Buy | Thomas Quinn | Individual | 25. Oct 18 | 25. Oct 18 | 482 | $20.57 | $9,905 | ||
| 26. Jul 18 | Sell | Anthony Ceddia | Individual | 25. Jul 18 | 25. Jul 18 | -500 | $26.72 | $-13,362 | ||
Management checks
We assess Orrstown Financial Services's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Orrstown Financial Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
ORRF News
Simply Wall St News
Did Orrstown Financial Services's (NASDAQ:ORRF) Share Price Deserve to Gain 29%?
(NASDAQ:ORRF) has fallen short of that second goal, with a share price rise of 29% over five years, which is below the market return. … Over half a decade, Orrstown Financial Services managed to grow its earnings per share at 2.0% a year. … A Different Perspective While the broader market gained around 3.1% in the last year, Orrstown Financial Services shareholders lost 15% (even including dividends).
Simply Wall St - – Full articleI Built A List Of Growing Companies And Orrstown Financial Services (NASDAQ:ORRF) Made The Cut
But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Orrstown Financial Services (NASDAQ:ORRF). … Over the last 12 months Orrstown Financial Services insiders spent US$58k more buying shares than they received from selling them. … So if you like the sound of Orrstown Financial Services, you'll probably love this free list of growing companies that insiders are buying.
Simply Wall St - – Full articleShould We Worry About Orrstown Financial Services, Inc.'s (NASDAQ:ORRF) P/E Ratio?
We'll show how you can use Orrstown Financial Services, Inc.'s (NASDAQ:ORRF) P/E ratio to inform your assessment of the investment opportunity. … Orrstown Financial Services has a P/E ratio of 14.74, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCould The Orrstown Financial Services, Inc. (NASDAQ:ORRF) Ownership Structure Tell Us Something Useful?
Every investor in Orrstown Financial Services, Inc. … Orrstown Financial Services is not a large company by global standards. … institutional investors have bought into the company.
Simply Wall St - – Full articleThree Understated Metrics For Orrstown Financial Services, Inc. (NASDAQ:ORRF) You Should Know
As a small-cap bank stock with a market capitalisation of US$178m, Orrstown Financial Services, Inc.’s (NASDAQ:ORRF) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … Post-GFC recovery brought about a new set of reforms, Basel III, which was created to improve regulation, supervision and risk management in the financial services industry. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels.
Simply Wall St - – Full articleIs Orrstown Financial Services, Inc. (NASDAQ:ORRF) A Smart Pick For Income Investors?
Historically, Orrstown Financial Services, Inc. … Let's dig deeper into whether Orrstown Financial Services should have a place in your portfolio. … View our latest analysis for Orrstown Financial Services
Simply Wall St - – Full articleRead This Before You Buy Orrstown Financial Services Inc (NASDAQ:ORRF) Because Of Its P/E Ratio
To keep it practical, we'll show how Orrstown Financial Services Inc's (NASDAQ:ORRF) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Orrstown Financial Services's P/E ratio is 13.91. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhy Orrstown Financial Services Inc’s (NASDAQ:ORRF) Risk Control Makes It Attractive
Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Orrstown Financial Services’s bottom line. … Today we will analyse Orrstown Financial Services’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank. … See our latest analysis for Orrstown Financial Services
Simply Wall St - – Full articleIs Orrstown Financial Services Inc's (NASDAQ:ORRF) CEO Paid At A Competitive Rate?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Check out our latest analysis for Orrstown Financial Services? … Our data indicates that Orrstown Financial Services Inc is worth US$192m, and total annual CEO compensation is US$1m.
Simply Wall St - – Full articleA Spotlight On Orrstown Financial Services Inc's (NASDAQ:ORRF) Fundamentals
Orrstown Financial Services Inc (NASDAQ:ORRF) is a stock with outstanding fundamental characteristics. … is a company that has been able to sustain great financial health, trading at an attractive share price. … report on Orrstown Financial Services here
Simply Wall St - – Full articleORRF Company Info
Description
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 checking, savings, time, demand, and money market deposits. It also offers commercial loans, such as commercial real estate, equipment, working capital, and other commercial purpose loans; consumer loans comprising home equity and other consumer loans, as well as home equity lines of credit; residential mortgage loans; agribusiness loans; acquisition and development loans; municipal loans; and installment and other loans. In addition, the company provides renders services as trustee, executor, administrator, guardian, managing agent, custodian, and investment advisor, as well as provides other fiduciary services under the Orrstown Financial Advisors name; and offers retail brokerage services through a third-party broker/dealer arrangement. Further, it offers investment advisory services through an office in Lancaster County, Pennsylvania. The company provides its banking and bank-related services through branches located in Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry, and York counties of Pennsylvania, as well as Washington County, Maryland. Orrstown Financial Services, Inc. was founded in 1919 and is headquartered in Shippensburg, Pennsylvania.
Details
| Name: | Orrstown Financial Services, Inc. |
| ORRF | |
| Exchange: | NasdaqCM |
| Founded: | 1919 |
| $249,479,135 | |
| 11,329,661 | |
| Website: | http://www.orrstown.com |
| Address: |
Orrstown Financial Services, Inc. 77 East King Street, PO Box 250, Shippensburg, Pennsylvania, 17257, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqCM | ORRF | Common Stock | Nasdaq Capital Market | US | USD | 10. Jul 1998 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/18 23:41 |
| End of day share price update: | 2019/06/18 00:00 |
| Last estimates confirmation: | 2019/05/31 |
| Last earnings filing: | 2019/05/07 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
