SG Americas Securities LLC Invests $166,000 in Orrstown Financial Services, Inc. (NASDAQ:ORRF)

SG Americas Securities LLC bought a new position in Orrstown Financial Services, Inc. (NASDAQ:ORRF) in the 4th quarter, HoldingsChannel reports. The fund bought 5,625 shares of the bank’s stock, valued at approximately $166,000.

Other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in Orrstown Financial Services by 63.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,031 shares of the bank’s stock valued at $25,000 after purchasing an additional 400 shares during the period. Royal Bank of Canada boosted its position in Orrstown Financial Services by 1.8% during the 3rd quarter. Royal Bank of Canada now owns 25,617 shares of the bank’s stock valued at $613,000 after purchasing an additional 465 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Orrstown Financial Services by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,755 shares of the bank’s stock valued at $643,000 after purchasing an additional 634 shares during the period. American Century Companies Inc. boosted its position in Orrstown Financial Services by 1.0% during the 4th quarter. American Century Companies Inc. now owns 61,450 shares of the bank’s stock valued at $1,423,000 after purchasing an additional 634 shares during the period. Finally, Deutsche Bank AG boosted its position in Orrstown Financial Services by 12.2% during the 3rd quarter. Deutsche Bank AG now owns 7,180 shares of the bank’s stock valued at $151,000 after purchasing an additional 780 shares during the period. Institutional investors and hedge funds own 44.27% of the company’s stock.

Orrstown Financial Services Trading Up 0.1 %

Shares of ORRF stock opened at $25.05 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.87. Orrstown Financial Services, Inc. has a 1 year low of $15.52 and a 1 year high of $29.79. The stock has a fifty day moving average of $26.25 and a two-hundred day moving average of $25.40. The firm has a market capitalization of $268.04 million, a PE ratio of 7.35 and a beta of 0.89.

Orrstown Financial Services (NASDAQ:ORRF) last announced its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Orrstown Financial Services had a return on equity of 14.74% and a net margin of 20.32%. The company had revenue of $32.51 million during the quarter, compared to analyst estimates of $32.50 million. As a group, research analysts expect that Orrstown Financial Services, Inc. will post 3.39 EPS for the current year.

Orrstown Financial Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were given a dividend of $0.20 per share. The ex-dividend date was Monday, February 5th. This represents a $0.80 dividend on an annualized basis and a yield of 3.19%. Orrstown Financial Services’s dividend payout ratio (DPR) is presently 23.46%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods boosted their price objective on Orrstown Financial Services from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th.

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.