Orrstown Financial Services (NASDAQ:ORRF) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Orrstown Financial Services, Inc. (NASDAQ:ORRF) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $36.13 and traded as high as $36.91. Orrstown Financial Services shares last traded at $36.61, with a volume of 86,434 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Piper Sandler started coverage on Orrstown Financial Services in a report on Wednesday, January 8th. They issued an “overweight” rating and a $43.00 price objective for the company. Hovde Group cut Orrstown Financial Services from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 13th.

Orrstown Financial Services Stock Up 0.6 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $709.87 million, a PE ratio of 19.68 and a beta of 0.91. The company has a fifty day moving average price of $37.25 and a 200 day moving average price of $36.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Orrstown Financial Services during the fourth quarter worth about $38,000. R Squared Ltd purchased a new stake in Orrstown Financial Services in the fourth quarter worth approximately $42,000. CWM LLC boosted its stake in Orrstown Financial Services by 31.0% in the third quarter. CWM LLC now owns 2,217 shares of the bank’s stock worth $80,000 after buying an additional 525 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in Orrstown Financial Services in the fourth quarter worth approximately $92,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Orrstown Financial Services in the fourth quarter worth approximately $123,000. Hedge funds and other institutional investors own 44.27% of the company’s stock.

Orrstown Financial Services Company 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.