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	0	0%
Individual Insiders	998,235	5.12%
Hedge Funds	1,757,848	9.01%
General Public	7,447,010	38.2%
Institutions	9,305,452	47.7%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 82%.

Top Shareholders

Top 25 shareholders own 47.58% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.01%	Fourthstone LLC	1,757,848	US$54.4m	14.7%	8.55%
7.52%	BlackRock, Inc.	1,466,090	US$45.4m	-3.88%	no data
5.38%	The Vanguard Group, Inc.	1,049,610	US$32.5m	0.65%	no data
3.73%	Dimensional Fund Advisors LP	727,071	US$22.5m	-12.8%	no data
2.91%	State Street Global Advisors, Inc.	567,889	US$17.6m	38.7%	no data
2.28%	Geode Capital Management, LLC	444,152	US$13.8m	2.76%	no data
1.69%	Millennium Management LLC	330,322	US$10.2m	124%	0.01%
1.35%	Renaissance Technologies LLC	263,946	US$8.2m	21.7%	0.01%
1.22%	Manulife Asset Management	238,668	US$7.4m	-0.1%	0.01%
1.16%	ProShare Advisors LLC	226,157	US$7.0m	12.8%	0.01%
1.16%	American Century Investment Management Inc	226,003	US$7.0m	-0.9%	no data
1.14%	Bridgeway Capital Management, LLC	221,997	US$6.9m	-4.97%	0.12%
1.14%	FMR LLC	221,549	US$6.9m	7.98%	no data
0.91%	Petiole USA Limited	176,966	US$5.5m	0%	3.98%
0.87%	Northern Trust Global Investments	169,175	US$5.2m	5.82%	no data
0.8%	Qube Research & Technologies Ltd	155,967	US$4.8m	128%	0.01%
0.79%	Charles Schwab Investment Management, Inc.	154,897	US$4.8m	-1.71%	no data
0.78%	Morgan Stanley, Investment Banking and Brokerage Investments	152,128	US$4.7m	65.7%	no data
0.65%	AllianceBernstein L.P.	126,156	US$3.9m	-4.18%	no data
0.62%	Two Sigma Investments, LP	121,489	US$3.8m	52.1%	0.01%
0.57%	Epoch Investment Partners, Inc.	110,749	US$3.4m	0%	0.06%
0.52%	Thomas Quinn	101,969	US$3.2m	17.6%	no data
0.49%	Bank of America Corporation, Asset Management Arm	95,085	US$2.9m	-4.76%	no data
0.46%	BNY Asset Management	90,662	US$2.8m	-0.3%	no data
0.44%	Pacific Ridge Capital Partners, LLC	84,981	US$2.6m	-4.85%	0.65%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/20 20:50
End of Day Share Price	2025/05/20 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