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

Shares of Orrstown Financial Services Inc. (NASDAQ:ORRF) opened at 22.45 on Wednesday. The stock has a 50 day moving average of $20.05 and a 200-day moving average of $19.73. The company has a market capitalization of $185.95 million, a price-to-earnings ratio of 29.54 and a beta of 0.91. Orrstown Financial Services Inc. has a one year low of $16.51 and a one year high of $23.73.

Orrstown Financial Services (NASDAQ:ORRF) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ 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 expect that Orrstown Financial Services Inc. will post $0.79 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Wednesday, November 9th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.60%. 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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ORRF has been the subject of several research analyst reports. Boenning Scattergood lowered shares of Orrstown Financial Services from an “outperform” rating to a “neutral” rating in a research report on Friday, September 30th. Keefe, Bruyette & Woods lowered shares of Orrstown Financial Services from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $21.50 to $23.00 in a research report on Monday, September 12th. Finally, Zacks Investment Research lowered shares of Orrstown Financial Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 3rd.

A number of large investors have recently added to or reduced their stakes in ORRF. California State Teachers Retirement System raised its stake in Orrstown Financial Services by 0.6% in the third quarter. California State Teachers Retirement System now owns 15,611 shares of the company’s stock valued at $308,000 after buying an additional 100 shares in the last quarter. BlackRock Investment Management LLC raised 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 in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Orrstown Financial Services by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 232,766 shares of the company’s stock valued at $4,597,000 after buying an additional 712 shares in the last quarter. Wells Fargo & Company MN raised 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 in the last quarter. Finally, Nationwide Fund Advisors purchased a new stake in Orrstown Financial Services during the second quarter valued at about $167,000. 41.58% of the stock is owned by institutional investors.

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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