2,510 Shares in Orrstown Financial Services, Inc. (NASDAQ:ORRF) Bought by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC acquired a new stake in Orrstown Financial Services, Inc. (NASDAQ:ORRF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,510 shares of the bank’s stock, valued at approximately $92,000.

Several other institutional investors also recently bought and sold shares of the company. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Orrstown Financial Services in the fourth quarter valued at about $38,000. R Squared Ltd acquired a new stake in Orrstown Financial Services in the fourth quarter valued at about $42,000. CWM LLC boosted its holdings in Orrstown Financial Services by 31.0% in the 3rd quarter. CWM LLC now owns 2,217 shares of the bank’s stock valued at $80,000 after purchasing an additional 525 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Orrstown Financial Services in the 4th quarter valued at approximately $123,000. Finally, Quest Partners LLC acquired a new position in Orrstown Financial Services during the 3rd quarter worth approximately $155,000. 44.27% of the stock is owned by institutional investors and hedge funds.

Orrstown Financial Services Price Performance

Shares of NASDAQ:ORRF opened at $33.88 on Thursday. Orrstown Financial Services, Inc. has a 12 month low of $24.70 and a 12 month high of $41.99. The firm has a market capitalization of $656.93 million, a price-to-earnings ratio of 18.41 and a beta of 0.90. The business’s 50 day simple moving average is $36.32 and its 200-day simple moving average is $36.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.88 and a quick ratio of 0.88.

Orrstown Financial Services (NASDAQ:ORRF) last posted its earnings results on Friday, January 31st. The bank reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.17). Orrstown Financial Services had a return on equity of 15.77% and a net margin of 7.70%. As a group, equities analysts forecast that Orrstown Financial Services, Inc. will post 4.23 earnings per share for the current fiscal year.

Orrstown Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 14th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.07%. This is a boost from Orrstown Financial Services’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, February 14th. Orrstown Financial Services’s dividend payout ratio is presently 50.00%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ORRF. Piper Sandler assumed coverage on Orrstown Financial Services in a research note on Wednesday, January 8th. They issued an “overweight” rating and a $43.00 price target on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and set a $42.00 target price (down from $46.00) on shares of Orrstown Financial Services in a research report on Monday, February 3rd. Finally, Hovde Group cut shares of Orrstown Financial Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 13th.

Orrstown Financial Services Profile

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.