Cwm LLC Has $80,000 Stock Holdings in Orrstown Financial Services, Inc. (NASDAQ:ORRF)

Cwm LLC raised its stake in Orrstown Financial Services, Inc. (NASDAQ:ORRF) by 31.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,217 shares of the bank’s stock after buying an additional 525 shares during the quarter. Cwm LLC’s holdings in Orrstown Financial Services were worth $80,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORRF. BNP Paribas Financial Markets raised its holdings in Orrstown Financial Services by 92.9% in the 1st quarter. BNP Paribas Financial Markets now owns 5,227 shares of the bank’s stock valued at $140,000 after acquiring an additional 2,518 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Orrstown Financial Services by 7.7% during the 1st quarter. Empowered Funds LLC now owns 22,092 shares of the bank’s stock worth $591,000 after buying an additional 1,575 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of Orrstown Financial Services by 3.9% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 228,449 shares of the bank’s stock worth $6,116,000 after buying an additional 8,564 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Orrstown Financial Services by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 547,755 shares of the bank’s stock worth $14,663,000 after buying an additional 5,332 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Orrstown Financial Services during the 1st quarter worth $31,000. 44.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Hovde Group boosted their price target on Orrstown Financial Services from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday.

Orrstown Financial Services Trading Down 1.2 %

NASDAQ ORRF opened at $37.30 on Friday. Orrstown Financial Services, Inc. has a 12 month low of $20.31 and a 12 month high of $38.81. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average price is $35.54 and its two-hundred day moving average price is $30.60. The firm has a market capitalization of $722.50 million, a PE ratio of 20.05 and a beta of 0.90.

Orrstown Financial Services (NASDAQ:ORRF) last announced its earnings results on Tuesday, October 22nd. The bank reported $1.11 EPS for the quarter, beating the consensus estimate of $0.92 by $0.19. Orrstown Financial Services had a return on equity of 17.66% and a net margin of 6.63%. The company had revenue of $95.37 million for the quarter, compared to analyst estimates of $60.90 million. On average, analysts expect that Orrstown Financial Services, Inc. will post 3.61 EPS for the current year.

Orrstown Financial Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Tuesday, November 5th. Orrstown Financial Services’s dividend payout ratio (DPR) is currently 49.46%.

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.