Hovde Group Initiates Coverage on Orrstown Financial Services (ORRF)

Boenning Scattergood reiterated their outperform rating on shares of Orrstown Financial Services (NASDAQ:ORRF) in a research report report published on Thursday morning, Zacks.com reports. Several other research firms have also weighed in on ORRF. Zacks Investment research upgraded orrstown Financial Services from a sell rating to a hold rating in a report on Saturday, June [.]

4 Wall Street analysts have issued ratings and price targets for Orrstown Financial Services in the last 12 months. Their average twelve-month price target is $26.1250, suggesting that the stock has a possible upside of 18.75%. The high price target for ORRF is $34.00 and the low price target for ORRF is $21.50.

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Shareholders owning shares of the Company’s common stock, no par value per share (the “Company Common Stock”) as of the close of business on March 15, 2017 are entitled to vote at the Annual Meeting.

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See ORRF price target based on 2 analysts offering 12 month price targets for Orrstown Financial Services Inc (ORRF) in the last 3 months. ORRF’s price target is $24.25 with a high estimate of $25.00 and a low estimate of $23.50.

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Fitbit shares closed at $42.17 on Friday. Analysts at Keefe Bruyette & Woods initiated coverage on Orrstown Financial Services (NASDAQ: ORRF) with a Outperform rating. The target price for Orrstown.

Hovde Group’s Equity Sales & Trading professionals possess an in-depth knowledge of banks and financial services companies, and are integral to the firm’s efforts to foster and develop relationships, ultimately for the benefit of the firm’s key client constituencies.

Hovde’s Equity Research group publishes in-depth analysis of small and mid-cap banks nationwide. Our analysts have extensive experience, are committed to independent, objective analysis, and utilize their in-depth knowledge of the industry’s driving factors to deliver insightful research and actionable ideas.

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 [.]

Analysts at Keefe Bruyette & Woods initiated coverage on Orrstown Financial Services (NASDAQ: ORRF) with a Outperform rating. The target price for Orrstown Financial Services is set to $19.50.