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Orrstown Financial Services (ORRF) Jumps: Stock Up 6.3%

Orrstown Financial Services Inc. ( ORRF ) was a big mover last session, as the company saw its shares rise over 6% on the day. The upside was driven by the company's announcement that its board has authorized a stock repurchase program under which it may repurchase up to 5% of its outstanding shares of common stock, or approximately 416,000 shares, in the open market, in accordance with all applicable securities laws and regulations. This led to solid volume too with far more shares changing hands than in a normal session. Yesterday's rally reverses the recent trend for the company as the stock is now down 7.7% in the past one-month time frame.

The company has seen no estimate revisions over the past 30 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Orrstown Financial Services currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is Farmers and Merchants Bancorp Inc. ( FMAO ), which sports a Zacks Rank #1 (Strong Buy).

Is ORRF going up? Or down? Predict to see what others think: Up or Down

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ORRSTOWN FINL (ORRF): Free Stock Analysis Report

FARMERS&MERCHAN (FMAO): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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