David L. Sites Acquires 2,000 Shares of ACNB Co. (NASDAQ:ACNB) Stock
ACNB Co. (NASDAQ:ACNB – Get Rating) Director David L. Sites bought 2,000 shares of the business’s stock in a transaction on Tuesday, June 28th. 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 director now owns 36,741 shares in the company, valued at $1,113,252.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of ACNB traded up $0.14 during trading hours on Thursday, reaching $29.69. 42,878 shares of the company traded hands, compared to its 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 cap of $258.51 million, a P/E ratio of 9.60 and a beta of 0.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.80 and a current ratio of 0.80. ACNB Co. has a 1-year low of $27.00 and a 1-year high of $36.04.
ACNB (NASDAQ:ACNB – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The bank reported $0.76 EPS for the quarter. The business had revenue of $21.51 million during the quarter. ACNB had a net margin of 27.49% and a return on equity of 10.13%.
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date was Tuesday, May 31st. ACNB’s dividend payout ratio is currently 33.55%.
Separately, StockNews.com started coverage on shares of ACNB in a research report on Thursday, March 31st. They set a “hold” rating for the company.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in ACNB in the fourth quarter valued at about $34,000. Citigroup Inc. bought a new stake in ACNB in the first quarter valued at about $140,000. Jane Street Group LLC bought a new stake in ACNB in the first quarter valued at about $228,000. BHZ Capital Management LP bought a new stake in ACNB in the first quarter valued at about $235,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in ACNB in the fourth quarter valued at about $270,000. 23.41% of the stock is owned by institutional investors and hedge funds.
ACNB Company Profile (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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