Janus Henderson Group PLC Takes $336,000 Position in Orrstown Financial Services, Inc. (NASDAQ:ORRF)

Janus Henderson Group PLC bought a new position in shares of Orrstown Financial Services, Inc. (NASDAQ:ORRF) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,331 shares of the bank’s stock, valued at approximately $336,000.

Other institutional investors have also bought and sold shares of the company. CWM LLC grew its position in Orrstown Financial Services by 31.0% during the 3rd quarter. CWM LLC now owns 2,217 shares of the bank’s stock worth $80,000 after acquiring an additional 525 shares during the last quarter. Segall Bryant & Hamill LLC boosted its stake in Orrstown Financial Services by 1.7% in the third quarter. Segall Bryant & Hamill LLC now owns 124,652 shares of the bank’s stock worth $4,482,000 after purchasing an additional 2,143 shares in the last quarter. RKL Wealth Management LLC increased its stake in shares of Orrstown Financial Services by 22.8% in the third quarter. RKL Wealth Management LLC now owns 12,286 shares of the bank’s stock valued at $442,000 after buying an additional 2,281 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Orrstown Financial Services by 65.3% in the third quarter. SG Americas Securities LLC now owns 9,318 shares of the bank’s stock valued at $335,000 after buying an additional 3,682 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Orrstown Financial Services during the 3rd quarter worth about $155,000. Institutional investors and hedge funds own 44.27% of the company’s stock.

Orrstown Financial Services Trading Down 0.3 %

Shares of ORRF opened at $38.78 on Monday. The stock’s fifty day simple moving average is $38.51 and its 200-day simple moving average is $33.89. The firm has a market capitalization of $751.79 million, a PE ratio of 20.85 and a beta of 0.90. Orrstown Financial Services, Inc. has a 12-month low of $24.70 and a 12-month high of $41.99. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.13.

Orrstown Financial Services (NASDAQ:ORRF) last issued its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.11 EPS for the quarter, topping the consensus estimate of $0.92 by $0.19. Orrstown Financial Services had a net margin of 6.63% and a return on equity of 14.41%. The company had revenue of $95.37 million during the quarter, compared to analysts’ expectations of $60.90 million. As a group, research analysts predict that Orrstown Financial Services, Inc. will post 4 earnings per share for the current year.

Orrstown Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.37%. Orrstown Financial Services’s dividend payout ratio (DPR) is presently 49.46%.

Insider Activity at Orrstown Financial Services

In other Orrstown Financial Services news, EVP David Todd Hornberger sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $37.82, for a total value of $151,280.00. Following the completion of the sale, the executive vice president now owns 20,877 shares of the company’s stock, valued at approximately $789,568.14. This represents a 16.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Hovde Group lowered shares of Orrstown Financial Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 13th.

About Orrstown Financial Services

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.