Barclays PLC Has $1.21 Million Stock Holdings in Orrstown Financial Services, Inc. (NASDAQ:ORRF)

Barclays PLC lifted its stake in shares of Orrstown Financial Services, Inc. (NASDAQ:ORRF) by 120.4% during the third quarter, HoldingsChannel reports. The firm owned 33,721 shares of the bank’s stock after acquiring an additional 18,422 shares during the quarter. Barclays PLC’s holdings in Orrstown Financial Services were worth $1,212,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fourthstone LLC increased its holdings in Orrstown Financial Services by 223.8% during the third quarter. Fourthstone LLC now owns 1,811,825 shares of the bank’s stock worth $65,153,000 after buying an additional 1,252,356 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Orrstown Financial Services by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 499,814 shares of the bank’s stock valued at $13,674,000 after acquiring an additional 7,465 shares during the period. State Street Corp increased its stake in shares of Orrstown Financial Services by 12.8% during the 3rd quarter. State Street Corp now owns 342,119 shares of the bank’s stock worth $12,303,000 after purchasing an additional 38,886 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Orrstown Financial Services in the 3rd quarter valued at about $8,734,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Orrstown Financial Services by 42.2% during the 2nd quarter. Renaissance Technologies LLC now owns 223,399 shares of the bank’s stock worth $6,112,000 after acquiring an additional 66,300 shares during the period. Institutional investors and hedge funds own 44.27% of the company’s stock.

Orrstown Financial Services Price Performance

ORRF stock opened at $36.49 on Monday. The company’s 50-day moving average price is $38.70 and its two-hundred day moving average price is $34.70. The firm has a market cap of $707.40 million, a P/E ratio of 19.62 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 posted its earnings results on Tuesday, October 22nd. The bank reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.19. The firm had revenue of $95.37 million for the quarter, compared to analysts’ expectations of $60.90 million. Orrstown Financial Services had a net margin of 6.63% and a return on equity of 14.41%. On average, analysts anticipate that Orrstown Financial Services, Inc. will post 4 earnings per share for the current fiscal year.

Orrstown Financial Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were given a $0.23 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.52%. Orrstown Financial Services’s dividend payout ratio (DPR) is presently 49.46%.

Analysts Set New Price Targets

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

Insider Transactions at Orrstown Financial Services

In other Orrstown Financial Services news, EVP David Todd Hornberger sold 4,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $37.82, for a total transaction of $151,280.00. Following the completion of the sale, the executive vice president now owns 20,877 shares in the company, valued at approximately $789,568.14. The trade was a 16.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.30% of the company’s stock.

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.