Orrstown Financial Services Inc (ORRF): David P Boyle , Chief Financial Officer of Orrstown Financial Services Inc sold 9 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $19.25 per share for a total value of $173.25 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 21, 2015, Thomas R Jr Quinn (President & CEO) sold 5,205 shares at $16.80 per share price.On Sep 10, 2015, Philip E Fague (Executive Vice President) purchased 400 shares at $15.65 per share price.Also, On Aug 4, 2015, Anthony F Ceddia (director) sold 736 shares at $16.68 per share price.On Jun 24, 2015, Barbara E Brobst (Executive Vice President) sold 1,000 shares at $16.50 per share price.
Orrstown Financial Services: On Tuesday, May 10, 2016 heightened volatility was witnessed in Orrstown Financial Services which led to swings in the share price. The shares opened for trading at $18.43 and hit $19.335 on the upside , eventually ending the session at $19.25, with a gain of 3.02% or 0.565 points. The heightened volatility saw the trading volume jump to 15,362 shares. The 52-week high of the share price is $19.335 and the company has a market cap of $159 M . The 52-week low of the share price is at $15.1.
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 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. The Company’s securities available for sale include debt and equity instruments. 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 Financial Network Investment Company (FNIC).