10,182 Shares in Orrstown Financial Services, Inc. (NASDAQ:ORRF) Acquired by Savant Capital LLC

Savant Capital LLC acquired a new position in Orrstown Financial Services, Inc. (NASDAQ:ORRF) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,182 shares of the bank’s stock, valued at approximately $373,000. Savant Capital LLC owned 0.05% of Orrstown Financial Services as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORRF. CWM LLC boosted its stake in shares of Orrstown Financial Services by 31.0% during the 3rd quarter. CWM LLC now owns 2,217 shares of the bank’s stock valued at $80,000 after buying an additional 525 shares during the period. R Squared Ltd acquired a new stake in shares of Orrstown Financial Services during the 4th quarter valued at $42,000. Segall Bryant & Hamill LLC boosted its stake in shares of Orrstown Financial Services by 1.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 124,652 shares of the bank’s stock valued at $4,482,000 after buying an additional 2,143 shares during the period. RKL Wealth Management LLC boosted its stake in shares of Orrstown Financial Services by 22.8% during the 3rd 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 during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Orrstown Financial Services during the 4th quarter valued at $123,000. Institutional investors and hedge funds own 44.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ORRF. Piper Sandler started coverage on shares of Orrstown Financial Services in a research note on Wednesday, January 8th. They set an “overweight” rating and a $43.00 target price for the company. Hovde Group downgraded shares of Orrstown Financial Services from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 13th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $42.00 price target (down previously from $46.00) on shares of Orrstown Financial Services in a report on Monday, February 3rd.

Orrstown Financial Services Stock Down 0.8 %

Orrstown Financial Services stock opened at $33.64 on Tuesday. The company has a market capitalization of $652.28 million, a P/E ratio of 18.28 and a beta of 0.90. Orrstown Financial Services, Inc. has a 1-year low of $24.70 and a 1-year high of $41.99. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $35.99 and its 200-day simple moving average is $36.30.

Orrstown Financial Services (NASDAQ:ORRF) last announced its earnings results on Friday, January 31st. The bank reported $0.87 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.17). Orrstown Financial Services had a return on equity of 15.77% and a net margin of 7.70%. Sell-side analysts forecast that Orrstown Financial Services, Inc. will post 4.23 earnings per share for the current fiscal year.

Orrstown Financial Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 14th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Orrstown Financial Services’s previous quarterly dividend of $0.23. Orrstown Financial Services’s dividend payout ratio (DPR) is 50.00%.

Orrstown Financial Services 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.