ACNB (NASDAQ:ACNB) Director Purchases $11,252.33 in Stock

Key Points

• ACNB Corporation Director James Lott purchased 251 shares of stock valued at $11,252.33, increasing his ownership by 1.39% to a total of 18,290 shares.
• The company reported a quarterly EPS of $1.11, missing the analysts' consensus estimates of $1.14, while revenue was $39.69 million, exceeding estimates.
• ACNB recently announced a quarterly dividend of $0.34, with a dividend yield of 3.0% and a payout ratio of 50.56%.

ACNB Corporation (NASDAQ:ACNB - Get Free Report) Director James J. Lott acquired 251 shares of the firm's stock in a transaction on Monday, September 15th. The shares were acquired at an average price of $44.83 per share, with a total value of $11,252.33. Following the completion of the purchase, the director owned 18,290 shares of the company's stock, valued at $819,940.70. This trade represents a 1.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

ACNB Trading Down 1.9%

ACNB traded down $0.86 during trading on Friday, hitting $45.16. 65,378 shares of the company's stock were exchanged, compared to its average volume of 17,123. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.65. ACNB Corporation has a 1 year low of $35.70 and a 1 year high of $50.72. The stock has a 50 day moving average price of $44.08 and a 200 day moving average price of $42.54. The firm has a market cap of $472.83 million, a P/E ratio of 16.79 and a beta of 0.95.

ACNB (NASDAQ:ACNB - Get Free Report) last announced its earnings results on Thursday, July 24th. The bank reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.03). The firm had revenue of $39.69 million during the quarter, compared to analysts' expectations of $38.85 million. ACNB had a net margin of 15.64% and a return on equity of 10.22%. As a group, analysts expect that ACNB Corporation will post 3.22 EPS for the current fiscal year.

ACNB Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were paid a $0.34 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.36 annualized dividend and a dividend yield of 3.0%. ACNB's dividend payout ratio is 50.56%.

Institutional Trading of ACNB

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in ACNB by 10.4% in the first quarter. Vanguard Group Inc. now owns 490,884 shares of the bank's stock valued at $20,205,000 after acquiring an additional 46,151 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of ACNB by 11.5% during the second quarter. Geode Capital Management LLC now owns 243,474 shares of the bank's stock worth $10,432,000 after purchasing an additional 25,142 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of ACNB by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 148,523 shares of the bank's stock worth $6,363,000 after purchasing an additional 1,224 shares during the period. American Century Companies Inc. raised its holdings in shares of ACNB by 7.4% during the first quarter. American Century Companies Inc. now owns 108,900 shares of the bank's stock worth $4,482,000 after purchasing an additional 7,463 shares during the period. Finally, Bridgeway Capital Management LLC raised its holdings in shares of ACNB by 3.6% during the second quarter. Bridgeway Capital Management LLC now owns 100,511 shares of the bank's stock worth $4,306,000 after purchasing an additional 3,455 shares during the period. 32.35% of the stock is owned by institutional investors and hedge funds.

ACNB Company Profile

ACNB Corporation, a financial holding company, offers banking, insurance, and financial services to individual, business, and government customers in the United States. The company provides checking, savings, and money market deposit accounts, as well as time deposits and debit cards. It also offers 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.