ACNB Co. (NASDAQ:ACNB – Get Rating) Director David L. Sites bought 2,000 shares in a trade on Tuesday, June 28. The shares were acquired at an average cost of $30.30 per share, for a total transaction of $60,600.00. Following the acquisition, 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 SEC, which is available at this link.
NASDAQ: ACNB opened at $29.78 on Friday. The company’s 50-day moving average price is $32.96 and its two-hundred-day moving average price is $32.97. ACNB Co. has a 12-month low of $27.00 and a 12-month high of $36.04. The stock has a market capitalization of $259.29 million, a P/E ratio of 9.61 and a beta of 0.12. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt ratio of 0.12.
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 for the quarter. ACNB had a return on equity of 10.13% and a net margin of 27.49%.
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. The ex-dividend date was Tuesday, May 31. This represents an annualized dividend of $1.04 and a dividend yield of 3.49%. ACNB’s dividend payout ratio (DPR) is currently 33.55%.
Several institutional investors have recently changed their positions in ACNB. Fourthstone LLC increased its position in ACNB shares by 13.3% during the first quarter. Fourthstone LLC now owns 261,263 shares of the bank valued at $9,131,000 after purchasing an additional 30,728 shares in the last quarter. Petiole USA ltd purchased a new position in ACNB stock during Q4 valued at approximately $680,000. Dimensional Fund Advisors LP increased its position in ACNB by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 172,156 shares of the bank worth $6,017,000 after acquiring 9,196 additional shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in ACNB during Q4 worth approximately $270,000. Finally, Assenagon Asset Management SA bought a new position in ACNB during the 1st quarter for a value of approximately $283,000. Hedge funds and other institutional investors hold 23.41% of the company’s shares.
Separately, StockNews.com began covering ACNB in a report on Thursday, March 31. They issued a “holding” rating on the stock.
About CANB (Get an evaluation)
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.
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