SG Americas Securities LLC Makes New $107,000 Investment in Orrstown Financial Services, Inc. (NASDAQ:ORRF)

SG Americas Securities LLC bought a new position in Orrstown Financial Services, Inc. (NASDAQ:ORRFGet Rating) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,435 shares of the bank’s stock, valued at approximately $107,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new stake in Orrstown Financial Services in the first quarter worth approximately $212,000. RKL Wealth Management LLC bought a new position in shares of Orrstown Financial Services in the first quarter valued at $211,000. Amalgamated Bank acquired a new stake in Orrstown Financial Services during the 1st quarter valued at $30,000. Dimensional Fund Advisors LP raised its stake in Orrstown Financial Services by 6.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 347,401 shares of the bank’s stock valued at $7,966,000 after purchasing an additional 20,166 shares during the period. Finally, Fourthstone LLC raised its stake in Orrstown Financial Services by 22.2% during the 1st quarter. Fourthstone LLC now owns 310,237 shares of the bank’s stock valued at $7,114,000 after purchasing an additional 56,272 shares during the period. 43.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Orrstown Financial Services

In other news, Director Andrea L. Pugh sold 2,447 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $25.64, for a total value of $62,741.08. Following the transaction, the director now directly owns 25,531 shares of the company’s stock, valued at $654,614.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.83% of the stock is currently owned by company insiders.

Orrstown Financial Services Price Performance

Shares of NASDAQ:ORRF opened at $26.91 on Wednesday. The company’s fifty day moving average is $25.10 and its two-hundred day moving average is $25.03. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.15. Orrstown Financial Services, Inc. has a 12-month low of $21.81 and a 12-month high of $27.37. The company has a market cap of $287.34 million, a P/E ratio of 9.93 and a beta of 0.82.

Orrstown Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Monday, October 31st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Friday, October 28th. Orrstown Financial Services’s dividend payout ratio (DPR) is presently 28.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Orrstown Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 11th.

Orrstown Financial Services Profile

(Get Rating)

Orrstown Financial Services, Inc operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The company accepts various deposits, including checking, savings, time, demand, and money market deposits. It also offers commercial loans, such as commercial real estate, equipment, construction, working capital, and other commercial purpose loans, as well as industrial loans; consumer loans comprising home equity and other consumer loans, as well as home equity lines of credit; residential mortgage loans; acquisition and development loans; municipal loans; and installment and other loans.

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Institutional Ownership by Quarter for Orrstown Financial Services (NASDAQ:ORRF)

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