Mirae Asset Global Investments Co. Ltd. Buys New Position in Orrstown Financial Services Inc $ORRF

Posted by Brenda Bartman on Nov 9th, 2026

Mirae Asset Global Investments Co. Ltd. bought a new stake in Orrstown Financial Services Inc (NASDAQ:ORRF – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,746 shares of the bank’s stock, valued at approximately $761,000. Mirae Asset Global Investments Co. Ltd. owned about 0.10% of Orrstown Financial Services as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new position in Orrstown Financial Services during the 2nd quarter valued at $9,286,000. Bank of New York Mellon Corp bought a new stake in Orrstown Financial Services in the 2nd quarter valued at $4,131,000. Empowered Funds LLC bought a new stake in Orrstown Financial Services in the 2nd quarter valued at $1,810,000. Man Group plc bought a new stake in Orrstown Financial Services in the 2nd quarter valued at $5,962,000. Finally, Bank of America Corp DE grew its position in Orrstown Financial Services by 24.2% in the 1st quarter. Bank of America Corp DE now owns 139,990 shares of the bank’s stock worth $5,051,000 after purchasing an additional 27,301 shares during the last quarter. Institutional investors and hedge funds own 44.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ORRF. Keefe, Bruyette & Woods boosted their price objective on shares of Orrstown Financial Services from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Hovde Group increased their target price on shares of Orrstown Financial Services from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Weiss Ratings downgraded Orrstown Financial Services from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday. Finally, DA Davidson reissued a “neutral” rating and set a $41.00 target price on shares of Orrstown Financial Services in a research report on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Orrstown Financial Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.33.

Get Our Latest Research Report on Orrstown Financial Services

Orrstown Financial Services Price Performance

Shares of ORRF stock opened at $43.82 on Monday. The stock has a market cap of $861.94 million, a P/E ratio of 9.76 and a beta of 0.70. Orrstown Financial Services Inc has a one year low of $33.33 and a one year high of $46.81. The stock has a fifty day moving average price of $42.36 and a 200 day moving average price of $39.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87.

Orrstown Financial Services (NASDAQ:ORRF – Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The bank reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. The firm had revenue of $66.70 million for the quarter, compared to the consensus estimate of $66.20 million. Orrstown Financial Services had a net margin of 24.23% and a return on equity of 14.41%. Analysts predict that Orrstown Financial Services Inc will post 4.45 earnings per share for the current year.

Orrstown Financial Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Tuesday, November 3rd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, November 3rd. Orrstown Financial Services’s dividend payout ratio (DPR) is presently 26.73%.

About Orrstown Financial Services

(Free Report)

Orrstown Financial Services, Inc is the bank holding company for Orrstown Bank, a full-service community banking institution headquartered in Shippensburg, Pennsylvania. Founded in 1919, the company serves individuals, families, businesses and organizations through a network of banking offices in Pennsylvania and Maryland.

Orrstown Bank offers a range of personal and business banking products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate loans and business financing.