ACNB Co. (NASDAQ:ACNB – Get Rating) Director David L. Sites bought 2,000 shares of the company in a trade on Tuesday, June 28. The shares were purchased at an average cost of $30.30 per share, with a total value of $60,600.00. Following the transaction, the administrator now owns 36,741 shares of the company, valued at $1,113,252.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website.
ACNB shares rose $0.14 during Thursday trading hours, hitting $29.69. 42,878 shares of the company were traded, against an average volume of 32,728. The stock’s fifty-day moving average is $33.16 and its 200-day moving average is $32.96. The stock has a market capitalization of $258.51 million, a P/E ratio of 9.60 and a beta of 0.12. The company has a debt ratio of 0.12, a quick ratio of 0.80 and a current ratio of 0.80. ACNB Co. has a 1 year minimum of $27.00 and a 1 year maximum of $36.04.
ACNB (NASDAQ:ACNB – Get Rating) last reported quarterly earnings data on Thursday, April 28. The bank reported EPS of $0.76 for the quarter. The company had revenue of $21.51 million in the quarter. ACNB had a net margin of 27.49% and a return on equity of 10.13%.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Wednesday, June 1 received a dividend of $0.26 per share. This represents a dividend of $1.04 on an annualized basis and a dividend yield of 3.50%. The ex-dividend date was Tuesday, May 31. ACNB’s dividend payout ratio is currently 33.55%.
Separately, StockNews.com began covering ACNB stocks in a research report on Thursday, March 31. They set a “hold” rating for the company.
Several institutional investors and hedge funds have recently changed their positions in the company. Acadian Asset Management LLC purchased a new stake in ACNB in the fourth quarter valued at approximately $34,000. Citigroup Inc. bought a new stake in ACNB in the first quarter worth approximately $140,000. Jane Street Group LLC purchased a new stake in ACNB in the first quarter worth approximately $228,000. BHZ Capital Management LP purchased a new stake in ACNB in the first quarter valued at approximately $235,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in ACNB in the fourth quarter valued at approximately $270,000. 23.41% of the shares are held by institutional investors and hedge funds.
ACNB Company Profile (Get an assessment)
ACNB Corporation, a financial holding company, provides banking, insurance and financial services to individuals, businesses and governments in the United States. The company offers checking, savings and money market deposit accounts, as well as term deposits and debit cards. It also provides commercial lending products, such as commercial mortgages, real estate development and construction loans, accounts receivable and inventory financing, as well as agricultural and government loans; consumer lending products, including home equity loans and lines of credit, auto and recreational vehicle loans, manufactured home loans and personal lines of credit; and mortgage programs include personal residential mortgages and residential construction and investment mortgages.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in ACNB right now?
Before you consider ACNB, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes big…and ACNB wasn’t on the list.
Although ACNB currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here