Orrstown Financial Services Inc. (NASDAQ:ORRF) Director Jeffrey W. Coy sold 1,579 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $18.37, for a total value of $29,006.23. Following the transaction, the director now owns 38,406 shares in the company, valued at approximately $705,518.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Orrstown Financial Services Inc. (NASDAQ:ORRF) opened at 19.45 on Monday. The stock’s 50 day moving average price is $20.09 and its 200 day moving average price is $19.56. The company has a market cap of $155.81 million, a PE ratio of 25.59 and a beta of 0.91. Orrstown Financial Services Inc. has a 12-month low of $16.51 and a 12-month high of $23.73.

Orrstown Financial Services (NASDAQ:ORRF) last issued its earnings results on Thursday, October 27th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by $0.06. Orrstown Financial Services had a return on equity of 4.45% and a net margin of 10.30%. Equities research analysts anticipate that Orrstown Financial Services Inc. will post $0.79 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 18th. Shareholders of record on Wednesday, November 9th will be issued a $0.09 dividend. The ex-dividend date is Monday, November 7th. This represents a $0.36 dividend on an annualized basis and a yield of 1.85%. Orrstown Financial Services’s payout ratio is presently 47.37%.

A number of institutional investors have recently modified their holdings of ORRF. Bank of New York Mellon Corp purchased a new position in shares of Orrstown Financial Services during the second quarter worth about $403,000. California State Teachers Retirement System purchased a new position in shares of Orrstown Financial Services during the second quarter worth about $280,000. RMB Capital Management LLC boosted its position in shares of Orrstown Financial Services by 30.2% in the second quarter. RMB Capital Management LLC now owns 376,059 shares of the company’s stock worth $6,788,000 after buying an additional 87,187 shares during the last quarter. Nationwide Fund Advisors purchased a new position in shares of Orrstown Financial Services during the second quarter worth about $167,000. Finally, BlackRock Investment Management LLC boosted its position in shares of Orrstown Financial Services by 2,225.5% in the second quarter. BlackRock Investment Management LLC now owns 27,255 shares of the company’s stock worth $492,000 after buying an additional 26,083 shares during the last quarter. 40.68% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the company. Zacks Investment Research cut Orrstown Financial Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 3rd. Boenning Scattergood cut Orrstown Financial Services from an “outperform” rating to a “neutral” rating in a report on Friday, September 30th. Finally, Keefe, Bruyette & Woods cut Orrstown Financial Services from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $21.50 to $23.00 in a report on Monday, September 12th.

About Orrstown Financial Services

Orrstown Financial Services, Inc is the bank holding company for Orrstown Bank (the Bank). The Bank is engaged in commercial banking and trust business. The Company operates through Community Banking segment. The Bank’s activities involve accepting demand, time and savings deposits, and granting loans.

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