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Sarah M. Brown, a director at Orrstown Financial Services Inc. (NASDAQ:ORRF), recently purchased 300 shares of the company’s common stock. The transaction, which took place on February 4, 2025, was executed at a price of $34.69 per share, amounting to a total investment of $10,407. The purchase comes as the stock trades near $34.67, with a market capitalization of $674 million. InvestingPro analysis indicates the stock has experienced a significant price decline over the past three months. Following this purchase, Brown holds 8,989 shares of Orrstown Financial’s common stock. Additionally, Brown has 1,000 shares of restricted stock, with various vesting dates over the next 18 months. The company maintains a solid 3% dividend yield and has raised its dividend for 10 consecutive years. Analysts have set price targets ranging from $38 to $43, suggesting potential upside. For deeper insights into ORRF’s financial health and more exclusive tips, check out InvestingPro, which offers 8 additional investment tips for this stock.
In other recent news, Orrstown Financial Services has appointed Barbara E. Brobst to the Boards of Directors of both the company and its principal subsidiary, Orrstown Bank, effective from February 1, 2025. Brobst, with over four decades of experience in banking, served as the Executive Vice President, Chief Human Resources Officer for Orrstown from 2015 to 2022. She also held positions as Senior Vice President for Human Resources and Senior Trust Officer at Orrstown Bank.
Brobst’s expertise covers Trust, Wealth, and Investment Services, as well as Governance, Strategic Planning, and Human Resource Management. Notably, she has a strong professional history in south-central Pennsylvania, where she has served on the boards of several non-profit and professional organizations.
Joel Zullinger, Chairman of the Board of Directors, expressed confidence in Brobst’s appointment, highlighting her wealth management and human capital management skills, and in-depth knowledge of the Pennsylvania market. These recent developments reflect Orrstown Financial Services’ commitment to strengthening its board and management team.
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