Endeavour Capital Advisors Inc. trimmed its position in shares of Orrstown Financial Services (NASDAQ:ORRF) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,183 shares of the bank’s stock after selling 7,548 shares during the quarter. Orrstown Financial Services accounts for approximately 2.0% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 18th biggest position. Endeavour Capital Advisors Inc. owned 2.37% of Orrstown Financial Services worth $5,004,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in ORRF. Teachers Advisors LLC boosted its holdings in Orrstown Financial Services by 7.5% during the 2nd quarter. Teachers Advisors LLC now owns 12,604 shares of the bank’s stock valued at $288,000 after acquiring an additional 875 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in Orrstown Financial Services by 2.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 20,938 shares of the bank’s stock valued at $478,000 after acquiring an additional 513 shares during the period. Northern Trust Corp boosted its holdings in Orrstown Financial Services by 1.8% during the 2nd quarter. Northern Trust Corp now owns 77,865 shares of the bank’s stock valued at $1,779,000 after acquiring an additional 1,400 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Orrstown Financial Services by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 20,696 shares of the bank’s stock valued at $473,000 after acquiring an additional 2,188 shares during the period. Finally, State Street Corp boosted its holdings in Orrstown Financial Services by 7.0% during the 2nd quarter. State Street Corp now owns 102,012 shares of the bank’s stock valued at $2,330,000 after acquiring an additional 6,696 shares during the period. Institutional investors own 40.21% of the company’s stock.
Orrstown Financial Services (NASDAQ ORRF) opened at $24.30 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $204.42, a PE ratio of 24.80 and a beta of 0.41. Orrstown Financial Services has a 52 week low of $19.05 and a 52 week high of $26.95.
A number of brokerages recently commented on ORRF. Boenning Scattergood restated a “hold” rating on shares of Orrstown Financial Services in a report on Thursday, January 25th. ValuEngine upgraded Orrstown Financial Services from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research cut Orrstown Financial Services from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th.
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Orrstown Financial Services Company 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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