Orrstown Financial Services Inc. (NASDAQ:ORRF) CFO David P. Boyle sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $21.73, for a total transaction of $21,730.00. Following the transaction, the chief financial officer now owns 35,932 shares in the company, valued at approximately $780,802.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Orrstown Financial Services Inc. (NASDAQ:ORRF) opened at 22.25 on Monday. The stock has a 50 day moving average of $19.98 and a 200 day moving average of $19.70. The company has a market cap of $184.30 million, a price-to-earnings ratio of 29.28 and a beta of 0.91. Orrstown Financial Services Inc. has a 1-year low of $16.51 and a 1-year 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 the consensus estimate of $0.24 by $0.06. Orrstown Financial Services had a return on equity of 4.45% and a net margin of 10.30%. On average, equities analysts forecast that Orrstown Financial Services Inc. will post $0.79 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Wednesday, November 9th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, November 7th. Orrstown Financial Services’s dividend payout ratio is 47.37%.

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Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods downgraded shares of Orrstown Financial Services from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $21.50 to $23.00 in a report on Monday, September 12th. Boenning Scattergood downgraded shares of Orrstown Financial Services from an “outperform” rating to a “neutral” rating in a report on Friday, September 30th. Finally, Zacks Investment Research downgraded shares of Orrstown Financial Services from a “hold” rating to a “strong sell” rating in a report on Thursday, November 3rd.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Investment Management LLC boosted its stake in Orrstown Financial Services by 1.5% in the third quarter. BlackRock Investment Management LLC now owns 27,674 shares of the company’s stock valued at $547,000 after buying an additional 419 shares during the period. Wells Fargo & Company MN boosted its stake in Orrstown Financial Services by 3.6% in the third quarter. Wells Fargo & Company MN now owns 101,307 shares of the company’s stock valued at $2,001,000 after buying an additional 3,506 shares during the period. Schwab Charles Investment Management Inc. bought a new stake in Orrstown Financial Services during the second quarter valued at $201,000. Bridgeway Capital Management Inc. boosted its stake in Orrstown Financial Services by 89.6% in the second quarter. Bridgeway Capital Management Inc. now owns 63,500 shares of the company’s stock valued at $1,146,000 after buying an additional 30,000 shares during the period. Finally, State Street Corp bought a new stake in Orrstown Financial Services during the second quarter valued at $1,125,000. Institutional investors and hedge funds own 41.58% of the company’s stock.

Orrstown Financial Services Company Profile

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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