Orrstown Financial Services Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqCM:ORRF Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
24 Mar 25	BuyUS$93,520	Scott Fainor	Individual	3,000	US$31.19
19 Mar 25	BuyUS$77,175	Brian Brunner	Individual	2,500	US$30.87
10 Mar 25	BuyUS$30,800	John Giambalvo	Individual	1,000	US$30.80
04 Feb 25	BuyUS$97,328	Brian Brunner	Individual	2,800	US$34.76
04 Feb 25	BuyUS$10,407	Sarah Brown	Individual	300	US$34.69
29 Oct 24	SellUS$151,280	David Hornberger	Individual	4,000	US$37.82
25 Oct 24	BuyUS$8,360	Cindy Joiner	Individual	221	US$37.83
11 Sep 24	SellUS$273,280	Christopher Holt	Individual	8,000	US$34.16
15 Aug 24	BuyUS$15,111	Sarah Brown	Individual	455	US$33.21
13 Aug 24	BuyUS$31,750	John Giambalvo	Individual	1,000	US$31.75
09 Aug 24	BuyUS$10,481	Cindy Joiner	Individual	326	US$32.15

Insider Trading Volume

Insider Buying: ORRF insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of ORRF?
Owner Type	Number of Shares	Ownership Percentage
State or Government	18,753	0.0961%
Individual Insiders	971,144	4.98%
Hedge Funds	1,531,975	7.85%
General Public	7,919,247	40.6%
Institutions	9,068,523	46.5%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 82.3%.

Top Shareholders

Top 25 shareholders own 44.32% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.85%	Fourthstone LLC	1,531,975	US$46.5m	-15.5%	6.85%
7.51%	BlackRock, Inc.	1,466,090	US$44.5m	-3.88%	no data
5.35%	The Vanguard Group, Inc.	1,042,866	US$31.7m	6.22%	no data
4.27%	Dimensional Fund Advisors LP	833,950	US$25.3m	0.35%	no data
2.22%	Geode Capital Management, LLC	432,228	US$13.1m	-0.46%	no data
2.1%	State Street Global Advisors, Inc.	409,421	US$12.4m	19.7%	no data
1.22%	Manulife Asset Management	238,906	US$7.3m	-1.63%	0.01%
1.2%	Bridgeway Capital Management, LLC	233,615	US$7.1m	2.08%	0.13%
1.17%	American Century Investment Management Inc	228,067	US$6.9m	0.33%	no data
1.11%	Renaissance Technologies LLC	216,845	US$6.6m	-23%	0.01%
1.05%	FMR LLC	205,170	US$6.2m	15%	no data
1.03%	ProShare Advisors LLC	200,543	US$6.1m	-2.68%	0.01%
0.91%	Petiole USA Limited	176,966	US$5.4m	-2.75%	3.89%
0.82%	Northern Trust Global Investments	159,868	US$4.9m	6.74%	no data
0.81%	Charles Schwab Investment Management, Inc.	157,596	US$4.8m	0%	no data
0.77%	Maltese Capital Management, LLC	150,000	US$4.6m	200%	0.77%
0.76%	Millennium Management LLC	147,613	US$4.5m	0%	no data
0.67%	AllianceBernstein L.P.	131,656	US$4.0m	-13.5%	no data
0.6%	Epoch Investment Partners, Inc.	117,675	US$3.6m	0%	0.02%
0.53%	JPMorgan Chase & Co, Brokerage and Securities Investments	103,565	US$3.1m	118%	no data
0.52%	Thomas Quinn	101,969	US$3.1m	17.6%	no data
0.51%	Bank of America Corporation, Asset Management Arm	99,834	US$3.0m	12.2%	no data
0.47%	Morgan Stanley, Investment Banking and Brokerage Investments	91,825	US$2.8m	33%	no data
0.46%	Pacific Ridge Capital Partners, LLC	89,310	US$2.7m	-46.7%	0.7%
0.41%	Two Sigma Investments, LP	79,872	US$2.4m	-6.12%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/05 01:26
End of Day Share Price	2025/05/05 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

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Analyst Sources

Orrstown Financial Services, Inc. is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
James Beury	Boenning & Scattergood, Inc.
David Bishop	Hovde Group, LLC
Daniel Cardenas	Janney Montgomery Scott LLC