November 29, 2016 - By Peter Kolinski
Mr. Joel Zullinger, the present director at Orrstown Financial Services Inc has a few days ago been involved with sale through a broker of 1,998 shares of the Pinksheet-listed company, valued at $22.3 per share. The deal value was of $44,574 USD. Today, Joel Zullinger owns 38,443 shares or 0.46% of the company’s total market capitalization.
Insitutional Activity: The institutional sentiment decreased to 1.31 in Q2 2016. 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.
California Employees Retirement reported 10,245 shares or 0% of all its holdings. Renaissance Technologies accumulated 149,300 shares or 0.01% of the stock. State Bank Of New York Mellon Corporation has 0% invested in the company for 22,341 shares. The Pennsylvania-based Emerald Advisers Pa has invested 0.19% in Orrstown Financial Services (NASDAQ:ORRF). Moreover, Geode Capital Mgmt Limited Company has 0% invested in Orrstown Financial Services (NASDAQ:ORRF) for 37,454 shares. Morgan Stanley, a New York-based fund reported 3,477 shares. Tower Research Capital Ltd Liability Corp (Trc) last reported 0% of its portfolio in the stock. Northern Tru holds 23,836 shares or 0% of its portfolio. Tiaa Cref Mgmt Ltd Liability Corporation accumulated 21,803 shares or 0% of the stock. Blackrock Mgmt has 0% invested in the company for 27,255 shares. Banc Funds Com Ltd last reported 183,883 shares in the company. Blackrock Fund Advsr accumulated 197,847 shares or 0% of the stock. Bridgeway Cap Mgmt has invested 0.02% of its portfolio in Orrstown Financial Services (NASDAQ:ORRF). State Street has invested 0% of its portfolio in Orrstown Financial Services (NASDAQ:ORRF). Deutsche Bancorporation Ag has invested 0% of its portfolio in Orrstown Financial Services (NASDAQ:ORRF).
Insider Transactions: Since November 1, 2016, the stock had 1 buying transaction, and 4 insider sales for $118,012 net activity. Shares for $28,566 were bought by Longenecker Thomas D. The insider PUGH ANDREA L sold $45,063. Another trade for 2,515 shares valued at $50,778 was made by ROSENBERRY GREGORY A on Wednesday, November 2. Another trade for 1,579 shares valued at $29,007 was sold by COY JEFFREY W. The insider BOYLE DAVID P sold 1,000 shares worth $21,730.
The stock increased 0.45% or $0.1 on November 29, hitting $22.45. About 3,981 shares traded hands. Orrstown Financial Services (NASDAQ:ORRF) has risen 24.17% since April 26, 2016 and is uptrending. It has outperformed by 18.91% the S&P500.
Orrstown Financial Services, Inc. is the bank holding firm for Orrstown Bank . The company has a market cap of $186.79 million. The Bank is engaged in commercial banking and trust business. It has a 29.6 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 earnings per share, up 16.67% or $0.03 from last year’s $0.18 per share. ORRF’s profit will be $1.75M for 26.73 P/E if the $0.21 EPS becomes a reality. After $0.18 actual earnings per share reported by Orrstown Financial Services for the previous quarter, Wall Street now forecasts 16.67% EPS growth.
More recent Orrstown Financial Services (NASDAQ:ORRF) news were published by: Globenewswire.com which released: “Orrstown Financial Services, Inc. Announces Third Quarter Earnings of $1.4 ..” on October 27, 2016. Also Nasdaq.com published the news titled: “Orrstown Financial Services Inc (ORRF) Ex-Dividend Date Scheduled for November ..” on November 04, 2016. Reuters.com‘s news article titled: “BRIEF-Orrstown financial services enters into a settlement agreement with ..” with publication date: September 27, 2016 was also an interesting one.
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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