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ORRF

Orrstown Financial

$21.93

0.22 (1.01%)

17:11
06/25/19
06/25
17:11
06/25/19
17:11

Orrstown Financial names Thomas Brugger EVP and CFO

Orrstown Financial Services announced that Thomas R. Brugger will join the company and the Bank as Executive Vice President and Chief Financial Officer effective July 15. Mr. Brugger will be responsible for the Company's financial plans, policies, and financial compliance. Brugger graduated with a degree in accounting from the Pennsylvania State University and has more than 19 years of banking experience. Most recently, Mr. Brugger served as the Chief Financial Officer of Sun National Bank and, prior to his approximately six year tenure at Sun National, served as CFO of Customers Bank, following 15 years as EVP/Corporate Treasurer of Sovereign Bank. Thomas R. Quinn, Jr., President & CEO, commented, "We are pleased to welcome Tom to the organization. His broad banking and financial experience at diverse and complex organizations will be invaluable as we continue to execute our strategic growth plans."

ORRF Orrstown Financial
$21.93

0.22 (1.01%)

05/31/19
HOVD
05/31/19
INITIATION
Target $25
HOVD
Outperform
Orrstown Financial initiated with an Outperform at Hovde Group
Hovde Group analyst Joseph Fenech initiated Orrstown Financial with an Outperform rating and $25 price target.
03/29/19
SDLR
03/29/19
DOWNGRADE
Target $21.5
SDLR
Hold
Sandler O'Neill says Orrstown CFO exit a 'big loss,' downgrades to Hold
As previously reported, Sandler O'Neill analyst Casey Whitman downgraded Orrstown Financial to Hold from Buy after the company announced that David Boyle does not intend to renew his employment agreement as CFO due to personal reasons. Whitman, who said he was surprised by the news, thinks Boyle has been instrumental in transforming the company to where it stands today and believes this is a big loss for the company. Beyond this news, though, Whitman said he has "long been concerned" that the company's profitability profile would continue to lag peers and he thinks that at this point the stock's modestly discounted valuation is warranted. He has a $21.50 price target on Orrstown Financial shares.
03/29/19
SDLR
03/29/19
DOWNGRADE
SDLR
Hold
Orrstown Financial downgraded to Hold from Buy at Sandler O'Neill
10/25/18
BOSC
10/25/18
UPGRADE
BOSC
Outperform
Orrstown Financial upgraded to Outperform from Neutral at Boenning & Scattergood

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