November 25, 2016 - By Linda Rogers
A public form filed with the Security Exchange Commission on 25/11/2016 disclosed that David Boyle, the Chief Financial Officer of Orrstown Financial Services Inc, ‘s company unloaded 1,000 shares. With average share price of $21.7 the sale’s value is $21,730 US Dollars. David Boyle currently has 35,932 shares which are exactly 0.43% of the Pennsylvania-Company’s market cap.
Insitutional Activity: The institutional sentiment decreased to 1.31 in 2016 Q2. Its down 0.69, from 2 in 2016Q1. The ratio turned negative, as 5 funds sold all Orrstown Financial Services shares owned while 9 reduced positions. 15 funds bought stakes while 13 increased positions. They now own 3.36 million shares or 9.48% more from 3.07 million shares in 2016Q1.
Bancorp Of New York Mellon Corp has 0% invested in the company for 22,341 shares. Teachers holds 0% of its portfolio in Orrstown Financial Services (NASDAQ:ORRF) for 11,729 shares. Royal Bancorp Of Canada last reported 0% of its portfolio in the stock. The New York-based Blackrock has invested 0% in Orrstown Financial Services (NASDAQ:ORRF). Blackrock Invest Mngmt Lc accumulated 27,255 shares or 0% of the stock. Us Savings Bank De, a Minnesota-based fund reported 2,058 shares. Blackrock Fund Advisors owns 197,847 shares or 0% of their US portfolio. Bnp Paribas Arbitrage holds 293 shares or 0% of its portfolio. Wells Fargo Mn holds 0% of its portfolio in Orrstown Financial Services (NASDAQ:ORRF) for 97,801 shares. Vanguard, a Pennsylvania-based fund reported 137,734 shares. Morgan Stanley reported 3,477 shares or 0% of all its holdings. Bridgeway Cap Mgmt Inc holds 0.02% of its portfolio in Orrstown Financial Services (NASDAQ:ORRF) for 63,500 shares. Tower Rech Cap Ltd Liability Corporation (Trc) accumulated 0% or 750 shares. Blackrock Advisors Limited Liability accumulated 3,999 shares or 0% of the stock. Orrstown Financial reported 256,323 shares or 4.98% of all its holdings.
Insider Transactions: Since November 1, 2016, the stock had 1 insider buy, and 3 sales for $96,282 net activity. ROSENBERRY GREGORY A sold $50,778 worth of Orrstown Financial Services (NASDAQ:ORRF) on Wednesday, November 2. COY JEFFREY W sold $29,007 worth of stock or 1,579 shares. 1,500 shares were bought by Longenecker Thomas D, worth $28,566. Another trade for 2,228 shares valued at $45,063 was sold by PUGH ANDREA L.
The stock increased 1.14% or $0.25 during the last trading session, hitting $22.25. About 5,575 shares traded hands. Orrstown Financial Services (NASDAQ:ORRF) has risen 23.94% since April 22, 2016 and is uptrending. It has outperformed by 18.53% the S&P500.
Orrstown Financial Services, Inc. is the bank holding firm for Orrstown Bank . The company has a market cap of $192.61 million. The Bank is engaged in commercial banking and trust business. It has a 29.34 P/E ratio. The Firm operates through Community Banking segment.
According to Zacks Investment Research, “Orrstown Financial Services, Inc. is a financial holding company. The Company’s primary activity consists of owning and supervising its subsidiary, Orrstown Bank, that is engaged in providing banking and bank related services. The Bank provides these services in south central Pennsylvania, principally Franklin, Perry and Cumberland Counties in Pennsylvania and in Washington County, Maryland. The Company’s subsidiary is The First National Bank of Newport. The day-to-day management of the Bank is conducted by the subsidiary’s officers.”
Analysts await Orrstown Financial Services (NASDAQ:ORRF) to report earnings on January, 26. They expect $0.21 EPS, up 16.67% or $0.03 from last year’s $0.18 per share. ORRF’s profit will be $1.82M for 26.49 P/E if the $0.21 EPS becomes a reality. After $0.18 actual EPS reported by Orrstown Financial Services for the previous quarter, Wall Street now forecasts 16.67% EPS growth.
More news for Orrstown Financial Services (NASDAQ:ORRF) were recently published by: Nasdaq.com, which released: “Orrstown Financial Services Inc (ORRF) Ex-Dividend Date Scheduled for November ..” on November 04, 2016. Reuters.com‘s article titled: “BRIEF-Orrstown financial services enters into a settlement agreement with ..” and published on September 27, 2016 is yet another important article.
Orrstown Financial Services, Inc., incorporated on November 17, 1987, is the bank holding firm for Orrstown Bank (the Bank). The Bank is engaged in commercial banking and trust business. The Bank’s activities involve accepting demand, time and savings deposits, and granting loans. The Bank grants commercial, residential, consumer and agribusiness loans in its market areas of Cumberland, Franklin, Lancaster and Perry Counties in Pennsylvania and in Washington County, Maryland. Through its trust department, the Bank renders services as trustee, executor, administrator, guardian, managing agent, custodian, investment advisor and other fiduciary activities authorized by law under the trade name, Orrstown Financial Advisors (OFA). OFA offers retail brokerage services through a third-party broker or dealer arrangement with Cetera Advisor Networks LLC. The Firm operates through Community Banking segment.
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By Linda Rogers