** Raymond James initiates coverage of community bank Orrstown Financial ORRF.O with an "outperform" rating
** Brokerage is bullish on ORRF's long-term prospects, as it believes the bank can produce stronger balance sheet growth and superior profitability
** Says ORRF has a long history of impressive loan growth despite being a relatively small commercial bank
** Raymond James has $35 PT on ORRF, a 28.2% upside to stock's last close
** ORRF shares offer an attractive investment opportunity with stock trading at a discount to peers - brokerage
** Three of four brokerages rate the stock "buy" or higher and one "hold"; median PT is $39 - data compiled by LSEG
** As of last close, ORRF stock down 25% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.