Orrstown Financial Services, Inc. (NASDAQ:ORRF - Get Free Report) EVP David Todd Hornberger sold 4,000 shares of Orrstown Financial Services stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $37.82, for a total value of $151,280.00. Following the completion of the sale, the executive vice president now directly owns 20,877 shares in the company, valued at $789,568.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Orrstown Financial Services Price Performance
NASDAQ:ORRF opened at $37.44 on Friday. The firm has a market capitalization of $725.21 million, a price-to-earnings ratio of 20.13 and a beta of 0.90. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.87 and a quick ratio of 0.87. The business has a 50 day simple moving average of $35.76 and a 200-day simple moving average of $30.86. Orrstown Financial Services, Inc. has a 1 year low of $20.73 and a 1 year high of $38.81.
Orrstown Financial Services (NASDAQ:ORRF - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $1.11 EPS for the quarter, topping the consensus estimate of $0.92 by $0.19. Orrstown Financial Services had a net margin of 6.63% and a return on equity of 17.66%. The company had revenue of $95.37 million during the quarter, compared to analyst estimates of $60.90 million. Equities analysts forecast that Orrstown Financial Services, Inc. will post 4 EPS for the current year.
Orrstown Financial Services Dividend Announcement
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The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.92 annualized dividend and a yield of 2.46%. Orrstown Financial Services's payout ratio is 49.46%.
Analyst Ratings Changes
Separately, Hovde Group upped their price objective on Orrstown Financial Services from $37.00 to $42.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd.
View Our Latest Stock Report on ORRF
Institutional Trading of Orrstown Financial Services
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of Orrstown Financial Services by 31.0% during the third quarter. CWM LLC now owns 2,217 shares of the bank's stock valued at $80,000 after buying an additional 525 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Orrstown Financial Services during the 1st quarter valued at $31,000. Empowered Funds LLC grew its position in Orrstown Financial Services by 7.7% in the 1st quarter. Empowered Funds LLC now owns 22,092 shares of the bank's stock valued at $591,000 after acquiring an additional 1,575 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Orrstown Financial Services by 92.9% in the first quarter. BNP Paribas Financial Markets now owns 5,227 shares of the bank's stock worth $140,000 after purchasing an additional 2,518 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Orrstown Financial Services by 65.3% during the third quarter. SG Americas Securities LLC now owns 9,318 shares of the bank's stock worth $335,000 after purchasing an additional 3,682 shares during the last quarter. 44.27% of the stock is owned by hedge funds and other institutional investors.
Orrstown Financial Services Company Profile
(
Get Free Report)
Orrstown Financial Services, Inc operates as the financial holding company for Orrstown Bank that provides commercial banking and financial advisory services to retail, commercial, non-profit, and government clients in the United States. It accepts various deposits, including checking, savings, time, demand, and money market deposits, as well as certificates of deposit.
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