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Brian D. Brunner, a director at Orrstown Financial Services Inc. (NASDAQ:ORRF), recently acquired 2,800 shares of the company’s common stock. The shares were purchased at $34.76 each, totaling approximately $97,328. According to InvestingPro analysis, ORRF, currently valued at $674 million, appears overvalued at these levels, despite offering a 3.03% dividend yield. Following this transaction, Brunner now directly owns a total of 46,766 shares, which includes 8,013 shares held individually and the remainder jointly with his spouse. Additionally, Brunner holds 1,000 shares of restricted stock with various vesting dates over the next 18 months. InvestingPro data shows the company maintains a FAIR financial health score, with net income growth expected this year. Subscribers can access 8 additional ProTips about ORRF’s financial outlook.
In other recent news, Orrstown Financial Services has announced the appointment of Barbara E. Brobst to the Boards of Directors of both the company and its principal subsidiary, Orrstown Bank. This change is set to take effect from February 1, 2025. Brobst, a veteran in the banking sector, previously served as Executive Vice President, Chief Human Resources Officer for Orrstown from 2015 to 2022. Her extensive background encompasses roles as Senior Vice President for Human Resources and Senior Vice President and Senior Trust Officer at Orrstown Bank. Brobst’s expertise spans Trust, Wealth, and Investment Services, as well as Governance, Strategic Planning, and Human Resource Management. Joel Zullinger, Chairman of the Board of Directors, expressed confidence in Brobst’s appointment, citing her wealth management and human capital management skills, along with her intimate knowledge of the Pennsylvania market, as assets that will benefit the board and management team. These are recent developments in the company’s governance structure.
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