Hovde Group gives an Outperform recommendation for Orrstown Financial Services, Inc (ORRF)

Orrstown Financial Services, Inc’s filing revealed that its Director FAINOR SCOTT V acquired Company’s shares for reported $93520.0 on Mar 24 ’25. In the deal valued at $31.17 per share,3,000 shares were bought. As a result of this transaction, FAINOR SCOTT V now holds 13,396 shares worth roughly $0.45 million.

Then, Brunner Brian D bought 2,500 shares, generating $77,175 in total proceeds. Upon buying the shares at $30.87, the Director now owns 49,330 shares.

Before that, GIAMBALVO JOHN W bought 1,000 shares. Orrstown Financial Services, Inc shares valued at $30,800 were divested by the Director at a price of $30.80 per share. As a result of the transaction, GIAMBALVO JOHN W now holds 40,562 shares, worth roughly $1.38 million.

Hovde Group reiterated its Orrstown Financial Services, Inc [ORRF] rating to an Outperform in a research note published on May 14, 2025; the price target was $37. A number of analysts have revised their coverage, including Hovde Group’s analysts, who increased its forecast for the stock in late April from “a Market perform” to “an Outperform”. Raymond James began covering ORRF with “an Outperform” recommendation on April 10, 2025.

Price Performance Review of ORRF

On Tuesday, Orrstown Financial Services, Inc [NASDAQ:ORRF] saw its stock jump 1.13% to $33.91. Over the last five days, the stock has gained 3.64%. Orrstown Financial Services, Inc shares have risen nearly 9.46% since the year began. Nevertheless, the stocks have fallen -7.38% over the past one year. While a 52-week high of $41.99 was reached on 01/02/25, a 52-week low of $25.57 was recorded on 04/04/25.

Levels Of Support And Resistance For ORRF Stock

The 24-hour chart illustrates a support level at 33.55, which if violated will result in even more drops to 33.19. On the upside, there is a resistance level at 34.19. A further resistance level may holdings at 34.48.

How much short interest is there in Orrstown Financial Services, Inc?

A steep rise in short interest was recorded in Orrstown Financial Services, Inc stocks on 2025-06-30, growing by 874.0 shares to a total of 0.41 million shares. Yahoo Finance data shows the prior-month short interest on 2025-05-30 was 0.41 million shares. There was a rise of 0.21%, which implies that there is a positive sentiment for the stock.

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