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Brian D. Brunner, a director at Orrstown Financial Services Inc. (NASDAQ:ORRF), recently purchased 2,500 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were acquired on March 19 at $30.87 each, bringing the total value of the transaction to $77,175. The purchase comes as ORRF’s stock trades near $30.50, down significantly over the past three months, while offering a 3.37% dividend yield. According to InvestingPro, analysts have set price targets ranging from $38 to $43, suggesting potential upside.
Following this acquisition, Brunner holds a total of 49,330 shares, which includes shares held individually, in a family trust, and jointly with his spouse. Additionally, Brunner owns 1,000 shares of restricted stock with various vesting dates over the next 18 months. The $591.78M market cap company has maintained dividend payments for 11 consecutive years, with a strong track record of dividend growth. Want deeper insights into insider trading patterns and financial metrics? InvestingPro offers exclusive analysis and 8 additional key insights about ORRF.
In other recent news, Orrstown Financial Services, Inc. has announced significant changes in its leadership team. Adam L. Metz has been promoted to Senior Executive Vice President and Chief Operating Officer, with plans to succeed the current President and CEO, Thomas R. Quinn, Jr., upon his retirement in May 2026. Metz has been a part of Orrstown since 2016, contributing significantly to its growth and mission. Additionally, Orrstown Financial has appointed Barbara E. Brobst to its Boards of Directors, effective February 2025. Brobst brings over 40 years of banking experience, having previously served as Executive Vice President and Chief Human Resources Officer for Orrstown. Her expertise in wealth management and human capital management is expected to benefit the board and management team. These developments reflect Orrstown’s ongoing efforts in succession planning and strategic governance. The company continues to offer a wide range of financial services across several states, maintaining its status as an Equal Housing Lender with FDIC-insured deposits.
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