Zacks Investment Research downgraded shares of ORRSTOWN FINL (ORRF) from OUTPERFORM to NEUTRAL on February 22, 2013, with a target price of $16.30.
Orrstown Financial Services, Inc. is a financial holding company. The Company's primary activity consists of owning and supervising its subsidiary, Orrstown Bank, that is engaged in providing banking and bank related services. The Bank provides these services in south central Pennsylvania, principally Franklin, Perry and Cumberland Counties in Pennsylvania and in Washington County, Maryland. The Company's subsidiary is The First National Bank of Newport. The day-to-day management of the Bank is conducted by the subsidiary's officers.
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