- Economic recovery in Pennsylvania and Maryland will likely drive loan growth. However, loan growth will likely remain below the historical average.
- The margin is moderately sensitive to rate changes.
- The net provision expense will likely return to a normal level this year. Greater loan additions will result in a higher provision expense relative to last year.
- The December 2022 target price suggests a high upside from the current market price. Further, ORRF is offering a good dividend yield for a bank-holding company.
For further details see:
Orrstown Financial: Attractively Valued With Prospects Of Good Balance Sheet Growth