Dividend Action: Orrstown Financial Services Inc (NASDAQ:ORRF) expects Nov 18, 2016 to be an important day for investors.

Dividend Action: Orrstown Financial Services Inc (NASDAQ:ORRF) expects Nov 18, 2016 to be an important day for investors.

Orrstown Financial Services Inc (NASDAQ:ORRF) is expected to pay $0.09 on Nov 18, 2016. The indicated annual dividend is $0.36. Shareholders owning the stock before Nov 7, 2016 will be eligible to receive the payout. Based on Orrstown Financial Services Inc’s current price of $19.50, the dividend is 0.46%. This dividend’s record date is Nov 9, 2016 and the announcement date is Oct 27, 2016. The stock decreased 1.27% or $0.25 on November 4, hitting $19.5. About 7,253 shares traded hands. Orrstown Financial Services (NASDAQ:ORRF) has risen 11.75% since April 5, 2016 and is uptrending. It has outperformed by 9.79% the S&P500.

Orrstown Financial Services, Inc. is the bank holding firm for Orrstown Bank . The company has a market cap of $156.33 million. The Bank is engaged in commercial banking and trust business. It has a 25.71 P/E ratio. The Firm operates through Community Banking segment.

Insitutional Activity: The institutional sentiment increased to 2 in Q2 2016. Its up 0.67, from 1.33 in 2016Q1. The ratio is positive, as 5 funds sold all Orrstown Financial Services shares owned while 9 reduced positions. 15 funds bought stakes while 13 increased positions. They now own 3.36 million shares or 9.48% more from 3.07 million shares in 2016Q1.
Blackrock Invest Limited Liability Corp has 0% invested in the company for 27,255 shares. Commercial Bank Of America De, a North Carolina-based fund reported 140 shares. Citigroup accumulated 736 shares or 0% of the stock. Banc Funds Ltd Liability Corporation, a Illinois-based fund reported 183,883 shares. Geode Capital Mgmt Lc accumulated 0% or 37,454 shares. Blackrock Fund has 0% invested in the company for 197,847 shares. Northern Tru Corporation holds 0% of its portfolio in Orrstown Financial Services (NASDAQ:ORRF) for 23,836 shares. Teachers holds 11,729 shares or 0% of its portfolio. Moreover, Intl Group Incorporated has 0% invested in Orrstown Financial Services (NASDAQ:ORRF) for 4,259 shares. Tower Research Cap (Trc) owns 750 shares or 0% of their US portfolio. Basswood Cap Mngmt Limited Liability Corp owns 500,629 shares or 0.52% of their US portfolio. Us Commercial Bank De holds 0% or 2,058 shares in its portfolio. Moreover, Ladenburg Thalmann Financial has 0% invested in Orrstown Financial Services (NASDAQ:ORRF) for 5,664 shares. Federated Investors Pa accumulated 243 shares or 0% of the stock. Morgan Stanley, a New York-based fund reported 3,477 shares.

Insider Transactions: Since May 10, 2016, the stock had 0 insider purchases, and 3 sales for $109,929 net activity. BOYLE DAVID P sold $173 worth of stock. ROSENBERRY GREGORY A also sold $50,778 worth of Orrstown Financial Services (NASDAQ:ORRF) on Wednesday, November 2. 2,228 shares with value of $45,063 were sold by PUGH ANDREA L on Tuesday, November 1.

More news for Orrstown Financial Services (NASDAQ:ORRF) were recently published by: Nasdaq.com, which released: “Orrstown Financial Services Inc (ORRF) Ex-Dividend Date Scheduled for November …” on November 04, 2016. Reuters.com‘s article titled: “BRIEF-Orrstown financial services enters into a settlement agreement with …” and published on September 27, 2016 is yet another important article.

ORRF Company Profile

Orrstown Financial Services, Inc., incorporated on November 17, 1987, is the bank holding firm for Orrstown Bank (the Bank). The Bank is engaged in commercial banking and trust business. The Bank’s activities involve accepting demand, time and savings deposits, and granting loans. The Bank grants commercial, residential, consumer and agribusiness loans in its market areas of Cumberland, Franklin, Lancaster and Perry Counties in Pennsylvania and in Washington County, Maryland. Through its trust department, the Bank renders services as trustee, executor, administrator, guardian, managing agent, custodian, investment advisor and other fiduciary activities authorized by law under the trade name, Orrstown Financial Advisors (OFA). OFA offers retail brokerage services through a third-party broker or dealer arrangement with Cetera Advisor Networks LLC. The Firm operates through Community Banking segment.

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