Deprince Race & Zollo Inc. trimmed its position in shares of Orrstown Financial Services Inc (NASDAQ:ORRF) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,491 shares of the bank’s stock after selling 9,445 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 3.66% of Orrstown Financial Services worth $7,607,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. American International Group Inc. increased its holdings in shares of Orrstown Financial Services by 7.2% during the 1st quarter. American International Group Inc. now owns 4,559 shares of the bank’s stock valued at $102,000 after purchasing an additional 306 shares in the last quarter. Kennedy Capital Management Inc. purchased a new position in shares of Orrstown Financial Services during the 2nd quarter valued at approximately $442,000. Geode Capital Management LLC increased its holdings in shares of Orrstown Financial Services by 3.6% during the 1st quarter. Geode Capital Management LLC now owns 51,019 shares of the bank’s stock valued at $1,140,000 after purchasing an additional 1,759 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Orrstown Financial Services by 1.5% in the 2nd quarter. Wells Fargo & Company MN now owns 89,892 shares of the bank’s stock worth $2,055,000 after acquiring an additional 1,310 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in Orrstown Financial Services in the 3rd quarter worth $344,000. 37.94% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Orrstown Financial Services from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Saturday, July 29th. Keefe, Bruyette & Woods raised shares of Orrstown Financial Services from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $24.00 to $28.00 in a report on Thursday, July 27th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Orrstown Financial Services in a report on Friday, October 27th.

Shares of Orrstown Financial Services Inc (ORRF) traded up $0.05 during midday trading on Friday, reaching $25.05. 8,887 shares of the company traded hands, compared to its average volume of 11,783. The stock has a market cap of $209.41, a price-to-earnings ratio of 20.00 and a beta of 0.68. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.76 and a current ratio of 0.76. Orrstown Financial Services Inc has a 12 month low of $19.05 and a 12 month high of $26.95.

Orrstown Financial Services (NASDAQ:ORRF) last issued its quarterly earnings results on Wednesday, October 25th. The bank reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $16.34 million during the quarter, compared to analyst estimates of $16.25 million. Orrstown Financial Services had a net margin of 14.58% and a return on equity of 7.15%. research analysts predict that Orrstown Financial Services Inc will post 1.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Monday, November 6th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, November 3rd. This is a boost from Orrstown Financial Services’s previous quarterly dividend of $0.10. Orrstown Financial Services’s payout ratio is 39.34%.

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Orrstown Financial Services Profile

Orrstown Financial Services, Inc is the bank holding company for Orrstown Bank (the Bank). The Bank is engaged in commercial banking and trust business. The Company operates through Community Banking segment. The Bank’s activities involve accepting demand, time and savings deposits, and granting loans.

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

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