Orrstown Financial Services, Inc. (NASDAQ:ORRF – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.13 and traded as high as $36.91. Orrstown Financial Services shares last traded at $36.61, with a volume of 86,434 shares traded.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Piper Sandler assumed coverage on Orrstown Financial Services in a research note on Wednesday, January 8th. They set an “overweight” rating and a $43.00 target price on the stock. Hovde Group downgraded Orrstown Financial Services from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 13th.
Read Our Latest Analysis on Orrstown Financial Services
Orrstown Financial Services Trading Up 0.6 %
Hedge Funds Weigh In On Orrstown Financial Services
A number of hedge funds have recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new position in shares of Orrstown Financial Services during the fourth quarter valued at approximately $92,000. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Orrstown Financial Services in the fourth quarter valued at approximately $38,000. Savant Capital LLC acquired a new stake in shares of Orrstown Financial Services in the fourth quarter valued at approximately $373,000. Empowered Funds LLC grew its position in Orrstown Financial Services by 5.1% in the fourth quarter. Empowered Funds LLC now owns 76,236 shares of the bank’s stock worth $2,791,000 after acquiring an additional 3,673 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Orrstown Financial Services in the fourth quarter worth approximately $123,000. Institutional investors and hedge funds own 44.27% of the company’s stock.
Orrstown Financial Services Company 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.
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