BUZZ-Hovde upgrades Orrstown Financial to 'outperform' following strong start to 2025

Reuters

Apr 30, 2025

** Hovde Group upgrades shares of community bank Orrstown Financial Services ORRF.O to "outperform" from "market perform" following a solid start to 2025

** Brokerage raises 2025 EPS estimates after solid Q1 results due to a combination of lower bad loan provisions outlook and better expense control than previously estimated

** Says management's efforts to reduce risk within its loan portfolio with an eye towards positioning the bank for future growth appear to be paying dividends

** Raises PT on ORRF to $35 from $31, a 17.6% upside to stock's last close

** Four of 5 brokerages rate the stock "buy" or higher and 1 "hold"; median PT $37 - data compiled by LSEG

** As of last close, ORRF stock down 18.7% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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median PT $37 - data compiled by LSEG</p><p>** As of last close, ORRF stock down 18.7% YTD</p><p>(Reporting by Arasu Kannagi Basil in Bengaluru)</p><p>((ArasuKannagi.Basil@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ORRF","symbol_name":"Orrstown Financial Services Inc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250430:nL6N3R80J4:1","article_id":"2531840930","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2531840930","pubTimestamp":1746008691,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Hovde upgrades Orrstown Financial to 'outperform' following strong start to 2025** Hovde Group upgrades shares of community bank Orrstown Financial Services ORRF.O to \"outperform\" from \"market perform\" following a solid start to 2025** Brokerage raises 2025 EPS estimates after solid Q1 results due to a combination of lower bad loan provisions outlook and better expense control than previously estimated** Says management's efforts to reduce risk within its loan portfolio with an eye towards positioning the bank for future growth appear to be paying dividends** Raises PT on ORRF to $35 from $31, a 17.6% upside to stock's last close** Four of 5 brokerages rate the stock \"buy\" or higher and 1 \"hold\"; 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