ACNB Co. (NASDAQ:ACNB) Director Sells $463621.85 in Stock – MarketBeat


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ACNB Co. (NASDAQ:ACNBGet Rating) Director Donald Arthur Seibel, Jr. sold 11,903 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $38.95, for a total transaction of $463,621.85. Following the sale, the director now owns 8,880 shares of the company’s stock, valued at approximately $345,876. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

ACNB Stock Down 1.1 %

ACNB stock opened at $38.51 on Monday. ACNB Co. has a fifty-two week low of $28.40 and a fifty-two week high of $40.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a 50 day moving average price of $34.37 and a 200 day moving average price of $33.62. The company has a market capitalization of $327.72 million, a PE ratio of 11.10 and a beta of 0.39.

ACNB Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Wednesday, November 30th. This is an increase from ACNB’s previous quarterly dividend of $0.26. ACNB’s dividend payout ratio (DPR) is 29.97%.

Institutional Trading of ACNB

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in ACNB by 0.6% in the 2nd quarter. FMR LLC now owns 543,813 shares of the bank’s stock valued at $16,146,000 after purchasing an additional 3,100 shares during the last quarter. Vanguard Group Inc. boosted its position in ACNB by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 377,109 shares of the bank’s stock valued at $13,180,000 after buying an additional 3,687 shares during the period. Fourthstone LLC boosted its position in ACNB by 13.3% in the 1st quarter. Fourthstone LLC now owns 261,263 shares of the bank’s stock valued at $9,131,000 after buying an additional 30,728 shares during the period. Dimensional Fund Advisors LP boosted its position in ACNB by 9.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 210,831 shares of the bank’s stock valued at $6,334,000 after buying an additional 18,646 shares during the period. Finally, State Street Corp boosted its position in ACNB by 25.2% in the 3rd quarter. State Street Corp now owns 106,468 shares of the bank’s stock valued at $3,198,000 after buying an additional 21,419 shares during the period. Institutional investors and hedge funds own 29.92% of the company’s stock.

Analysts Set New Price Targets

Separately, downgraded shares of ACNB from a “buy” rating to a “hold” rating in a report on Saturday.

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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Insider Buying and Selling by Quarter for ACNB (NASDAQ:ACNB)
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