Penn Capital Management Co. Inc. Purchases New Holdings in Orrstown Financial Services (ORRF)

Penn Capital Management Co. Inc. purchased a new stake in Orrstown Financial Services (NASDAQ:ORRF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 30,526 shares of the bank’s stock, valued at approximately $771,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Orrstown Financial Services by 4.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,281 shares of the bank’s stock valued at $120,000 after purchasing an additional 235 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Orrstown Financial Services by 2.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 20,938 shares of the bank’s stock valued at $478,000 after purchasing an additional 513 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Orrstown Financial Services by 7.5% in the 2nd quarter. Teachers Advisors LLC now owns 12,604 shares of the bank’s stock valued at $288,000 after purchasing an additional 875 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Orrstown Financial Services by 1.5% in the 2nd quarter. Wells Fargo & Company MN now owns 89,892 shares of the bank’s stock valued at $2,055,000 after purchasing an additional 1,310 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Orrstown Financial Services by 1.8% in the 2nd quarter. Northern Trust Corp now owns 77,865 shares of the bank’s stock valued at $1,779,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 41.28% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Orrstown Financial Services from a “hold” rating to a “strong sell” rating in a report on Wednesday. ValuEngine upgraded shares of Orrstown Financial Services from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Orrstown Financial Services in a report on Thursday, January 25th.

Shares of Orrstown Financial Services (NASDAQ ORRF) opened at $25.40 on Wednesday. The company has a market cap of $211.62, a PE ratio of 19.50 and a beta of 0.41. Orrstown Financial Services has a 12 month low of $19.05 and a 12 month high of $26.95. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.44.

Orrstown Financial Services (NASDAQ:ORRF) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.04). The business had revenue of $16.51 million during the quarter, compared to analyst estimates of $17.08 million. Orrstown Financial Services had a net margin of 11.33% and a return on equity of 7.57%. equities analysts anticipate that Orrstown Financial Services will post 1.4 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Saturday, February 3rd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.89%. This is a boost from Orrstown Financial Services’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, February 1st. Orrstown Financial Services’s dividend payout ratio is presently 48.98%.

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

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