ACNB (NASDAQ:ACNB) Director James J. Lott Buys 251 Shares

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 bought 251 shares of ACNB stock in a transaction dated Monday, September 15th. The stock was acquired at an average price of $44.83 per share, for a total transaction of $11,252.33. Following the completion of the acquisition, the director owned 18,290 shares in the company, valued at approximately $819,940.70. The trade was a 1.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

ACNB Price Performance

Shares of ACNB stock traded down $0.50 during trading hours on Friday, reaching $45.52. The company's stock had a trading volume of 14,210 shares, compared to its average volume of 29,494. The firm has a 50 day moving average price of $44.04 and a 200-day moving average price of $42.51. ACNB Corporation has a one year low of $35.70 and a one year high of $50.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.94. The stock has a market cap of $476.49 million, a P/E ratio of 16.92 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). ACNB had a net margin of 15.64% and a return on equity of 10.22%. The firm had revenue of $39.69 million during the quarter, compared to analysts' expectations of $38.85 million. On average, analysts predict that ACNB Corporation will post 3.22 EPS for the current year.

ACNB Announces Dividend

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 of this dividend was Friday, August 29th. This represents a $1.36 annualized dividend and a dividend yield of 3.0%. ACNB's dividend payout ratio is currently 50.56%.

Institutional Investors Weigh In On ACNB

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP raised its stake in shares of ACNB by 42.9% in the second quarter. Allworth Financial LP now owns 1,000 shares of the bank's stock valued at $43,000 after acquiring an additional 300 shares during the period. BNP Paribas Financial Markets raised its stake in shares of ACNB by 56.5% in the second quarter. BNP Paribas Financial Markets now owns 1,036 shares of the bank's stock valued at $44,000 after acquiring an additional 374 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of ACNB by 98.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,727 shares of the bank's stock valued at $74,000 after acquiring an additional 856 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of ACNB in the second quarter valued at $80,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of ACNB in the first quarter valued at $203,000. Hedge funds and other institutional investors own 32.35% of the company's stock.

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.