ACNB Co. (NASDAQ:ACNB – Get Rating) Director Scott L. Kelley purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, June 30th. The shares were bought at an average cost of $29.30 per share, with a total value of $29,300.00. Following the transaction, the director now directly owns 23,119 shares of the company’s stock, valued at approximately $677,386.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of ACNB stock traded up $0.03 during mid-day trading on Friday, reaching $29.72. 36 shares of the company were exchanged, compared to its average volume of 32,728. ACNB Co. has a fifty-two week low of $27.00 and a fifty-two week high of $36.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $258.77 million, a P/E ratio of 9.58 and a beta of 0.12. The business’s 50 day simple moving average is $33.06 and its 200 day simple moving average is $32.96.
ACNB (NASDAQ:ACNB – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The bank reported $0.76 earnings per share for the quarter. ACNB had a net margin of 27.49% and a return on equity of 10.13%. The business had revenue of $21.51 million during the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.50%. The ex-dividend date was Tuesday, May 31st. ACNB’s dividend payout ratio (DPR) is presently 33.55%.
Separately, StockNews.com began coverage on shares of ACNB in a research report on Thursday, March 31st. They set a “hold” rating for the company.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new position in ACNB in the fourth quarter worth about $34,000. Citigroup Inc. bought a new stake in shares of ACNB in the 1st quarter worth approximately $140,000. Jane Street Group LLC acquired a new position in ACNB during the 1st quarter valued at approximately $228,000. BHZ Capital Management LP bought a new position in ACNB during the 1st quarter worth $235,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in ACNB during the 4th quarter worth $270,000. Hedge funds and other institutional investors own 23.41% of the company’s stock.
About ACNB (Get Rating)
ACNB Corporation, a financial holding company, provides banking, insurance, and financial services to individual, business, and government customers in the United States. The company offers checking, savings, and money market deposit accounts, as well as time 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, and agricultural and governmental loans; consumer lending products, including home equity loans and lines of credit, automobile and recreational vehicle loans, manufactured housing loans, and personal lines of credit; and mortgage lending programs include personal residential mortgages, and residential construction and investment mortgage loans.
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