ACNB Co. (NASDAQ:ACNB – Get Rating) Chairman Alan J. Stock bought 492 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average cost of $30.25 per share, with a total value of $14,883.00. Following the completion of the transaction, the chairman now owns 62,391 shares in the company, valued at $1,887,327.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
ACNB Stock Performance
Shares of ACNB stock traded up $0.01 during trading hours on Friday, reaching $30.78. 313 shares of the company’s stock were exchanged, compared to its average volume of 9,442. ACNB Co. has a 1 year low of $27.00 and a 1 year high of $41.28. The company has a market cap of $262.25 million, a P/E ratio of 6.91 and a beta of 0.36. The company’s 50 day moving average is $30.53 and its two-hundred day moving average is $35.40. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.78 and a quick ratio of 0.78.
ACNB (NASDAQ:ACNB – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The bank reported $1.06 earnings per share for the quarter. ACNB had a return on equity of 15.58% and a net margin of 33.13%. The firm had revenue of $28.08 million during the quarter. Equities research analysts anticipate that ACNB Co. will post 4.14 EPS for the current fiscal year.
ACNB Dividend Announcement
Hedge Funds Weigh In On ACNB
Several hedge funds have recently bought and sold shares of the company. FMR LLC increased its position in ACNB by 0.6% during the second quarter. FMR LLC now owns 543,813 shares of the bank’s stock worth $16,146,000 after buying an additional 3,100 shares in the last quarter. Vanguard Group Inc. increased its position in ACNB by 1.0% during the first quarter. Vanguard Group Inc. now owns 377,109 shares of the bank’s stock worth $13,180,000 after buying an additional 3,687 shares in the last quarter. Fourthstone LLC boosted its holdings in shares of ACNB by 13.3% during the first quarter. Fourthstone LLC now owns 261,263 shares of the bank’s stock worth $9,131,000 after purchasing an additional 30,728 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of ACNB by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 223,359 shares of the bank’s stock worth $7,270,000 after purchasing an additional 5,662 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of ACNB by 3.0% during the first quarter. Geode Capital Management LLC now owns 158,978 shares of the bank’s stock worth $5,175,000 after purchasing an additional 4,591 shares during the last quarter. 28.64% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Piper Sandler assumed coverage on ACNB in a research report on Friday, May 19th. They issued a “neutral” rating and a $31.00 target price for the company. Piper Jaffray Companies assumed coverage on ACNB in a research report on Friday, May 19th. They issued a “neutral” rating and a $31.00 target price for the company. Finally, StockNews.com began coverage on ACNB in a research report on Thursday, May 18th. They issued a “hold” rating for the company.
ACNB Corp. is a holding company. The firm engages in the provision of banking, financial and wealth management services. It operates through the following segments: Bank and RIG. The Bank segment offers bank and related financial services. The RIG segment offers property and casualty, life and health insurance to both commercial and individual clients.
- Get a free copy of the StockNews.com research report on ACNB (ACNB)
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