Orrstown Financial Services
Market Cap
US$239.8m
Last Updated
2019/12/07 23:42 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.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and good value.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.5%
ORRF
0.9%
US Banks
0.03%
US Market
1 Year Return
11.3%
ORRF
19.0%
US Banks
18.6%
US Market
Return vs Industry: ORRF underperformed the US Banks industry which returned 19% over the past year.
Return vs Market: ORRF underperformed the US Market which returned 18.6% over the past year.
Shareholder returns
| ORRF | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | 0.9% | 0.03% |
| 30 Day | 1.4% | 1.1% | 1.7% |
| 90 Day | 3.3% | 15.5% | 5.7% |
| 1 Year | 14.5%11.3% | 22.5%19.0% | 21.1%18.6% |
| 3 Year | 1.8%-4.8% | 30.1%21.0% | 45.6%36.2% |
| 5 Year | 46.6%32.8% | 77.5%57.8% | 71.1%52.3% |
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
2 weeks ago | Simply Wall St
Should You Worry About Orrstown Financial Services, Inc.'s (NASDAQ:ORRF) CEO Salary Level?1 month ago | Simply Wall St
Orrstown Financial Services, Inc. (NASDAQ:ORRF)'s Could Be A Buy For Its Upcoming Dividend1 month ago | Simply Wall St
Here's What Orrstown Financial Services, Inc.'s (NASDAQ:ORRF) P/E Is Telling UsValuation
Is Orrstown Financial Services undervalued compared to its fair value and its price relative to the market?
10.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ORRF ($22.03) is trading below our estimate of fair value ($24.66)
Significantly Below Fair Value: ORRF is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ORRF is poor value based on its PE Ratio (15.8x) compared to the Banks industry average (12.7x).
PE vs Market: ORRF is good value based on its PE Ratio (15.8x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: ORRF is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: ORRF is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Orrstown Financial Services forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
18.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ORRF's forecast earnings growth (18.1% per year) is above the savings rate (1.7%).
Earnings vs Market: ORRF's earnings (18.1% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: ORRF's earnings are forecast to grow, but not significantly.
Revenue vs Market: ORRF's revenue is expected to decline over the next 3 years (-0.5% per year).
High Growth Revenue: ORRF's revenue is forecast to decline over the next 3 years (-0.5% 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 (9.3%).
Next Steps
Past Performance
How has Orrstown Financial Services performed over the past 5 years?
-17.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ORRF has a large one-off loss of $11.2M impacting its September 30 2019 financial results.
Growing Profit Margin: ORRF's current net profit margins (15%) are lower than last year (17.1%).
Past Earnings Growth Analysis
Earnings Trend: ORRF's earnings have declined by -17.9% per year over the past 5 years.
Accelerating Growth: ORRF's earnings growth over the past year (18.7%) exceeds its 5-year average (-17.9% per year).
Earnings vs Industry: ORRF earnings growth over the past year (18.7%) underperformed the Banks industry 27.1%.
Return on Equity
High ROE: ORRF's Return on Equity (6.2%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: ORRF has a low level of unsold assets or inventory.
Debt Coverage by Assets: ORRF's debt is not covered by short term assets (assets are 0.5x debt).
Financial Institutions Analysis
Asset Level: ORRF's level of assets compared to its equity is moderate.
Allowance for Bad Loans: ORRF has a sufficient allowance for bad loans.
Low Risk Liabilities: ORRF's liabilities are made up of primarily low risk sources of funding.
Loan Level: ORRF has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ORRF's loans are broadly funded by customer deposits.
Level of Bad Loans: ORRF has an appropriate level of bad loans (0.44%)
Next Steps
Dividend
What is Orrstown Financial Services's current dividend yield, its reliability and sustainability?
2.72%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ORRF's dividend (2.72%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: ORRF's dividend (2.72%) is low compared to the top 25% of dividend payers in the US market (3.7%).
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 (41.5%), 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 (32% payout ratio).
Next Steps
Management
What is the CEO of Orrstown Financial Services's salary, the management and board of directors tenure and is there insider trading?
4.5yrs
Average management tenure
CEO
Tom Quinn (60yo)
10.6yrs
Tenure
US$1,536,192
Compensation
Mr. Thomas Rodney Quinn, Jr., also known as Tom, has been the Chief Executive Officer and President at Orrstown Financial Services Inc. since May 5, 2009. Mr. Quinn has been the President and Chief Executi ...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD1.54M) is above average for companies of similar size in the US market ($USD1.13M).
Compensation vs Earnings: Tom's compensation has increased by more than 20% in the past year.
Management Age and Tenure
4.5yrs
Average Tenure
53yo
Average Age
Experienced Management: ORRF's management team is considered experienced (4.5 years average tenure).
Board Age and Tenure
9.1yrs
Average Tenure
63yo
Average Age
Experienced Board: ORRF's board of directors are considered experienced (9.1 years average tenure).
Insider Trading
Insider Buying: ORRF insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chairman of the Board Chairman of the Board |
| Shares | 500 |
| Max Price | US$21.83 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 5,261 |
| Max Price | US$22.61 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$20.40 |
| Entity | Individual |
| Shares | 500 |
| Max Price | US$20.00 |
| Entity | Individual |
| Shares | 300 |
| Max Price | US$19.04 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.5%.
Management Team
Bob Coradi (57yo)
Executive VP
- Tenure: 5.7yrs
- Compensation: US$561.14k
Tom Brugger (52yo)
Executive VP & CFO
- Tenure: 0.4yrs
Barb Brobst (60yo)
Executive VP & Chief Human Resources Officer at Orrstown Bank
- Tenure: 8.5yrs
- Compensation: US$178.76k
Philip Fague (59yo)
Executive VP
- Tenure: 0yrs
- Compensation: US$456.15k
Tom Quinn (60yo)
President
- Tenure: 10.6yrs
- Compensation: US$1.54m
Matt Schultheis
Senior Vice President of Strategic Planning & Investor Relations
- Tenure: 0.4yrs
Jeff Gayman (46yo)
EVP & Market President
- Tenure: 8.5yrs
- Compensation: US$186.15k
Bob Fignar (53yo)
Executive VP and Chief Operations & Logistics Officer
- Tenure: 0yrs
Adam Metz (47yo)
Executive VP & Chief Lending Officer
- Tenure: 3.3yrs
- Compensation: US$514.64k
Luke Bernstein (40yo)
Corporate Communications Officer
- Tenure: 2.3yrs
Board Members
Andrea Pugh (66yo)
Independent Director
- Tenure: 23.9yrs
- Compensation: US$88.24k
Glenn Snoke (70yo)
Independent Director
- Tenure: 20.9yrs
- Compensation: US$85.14k
Joel Zullinger (71yo)
Chairman of the Board
- Tenure: 28.9yrs
- Compensation: US$122.77k
Tom Quinn (60yo)
President
- Tenure: 10.6yrs
- Compensation: US$1.54m
Mark Keller (65yo)
Independent Director
- Tenure: 10.6yrs
- Compensation: US$113.98k
Eric Segal (61yo)
Independent Director
- Tenure: 6.3yrs
- Compensation: US$89.25k
Michael Rice (57yo)
Independent Director
- Tenure: 1.2yrs
Floyd Stoner (70yo)
Independent Director
- Tenure: 7.6yrs
- Compensation: US$106.25k
Cindy Joiner (57yo)
Independent Director
- Tenure: 3.9yrs
- Compensation: US$86.60k
Tom Longenecker (51yo)
Independent Director
- Tenure: 3.9yrs
- Compensation: US$84.25k
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$239.806m
- Shares outstanding: 11.19m
- 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 |
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 | 2019/12/07 23:42 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.