Orrstown Financial Services (ORRF) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Sep 12, 2016.
Many Wall Street Analysts have commented on Orrstown Financial Services. Orrstown Financial Services was Downgraded by Keefe Bruyette to ” Mkt Perform” on Sep 12, 2016.
Orrstown Financial Services opened for trading at $23.5 and hit $23.51 on the upside on Wednesday, eventually ending the session at $23.37, with a gain of 0.56% or 0.13 points. The heightened volatility saw the trading volume jump to 25,365 shares. Company has a market cap of $194 M.
In a different news, on May 13, 2016, David P Boyle (Chief Financial Officer) sold 734 shares at $19.20 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.
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).