ACNB Co. (NASDAQ:ACNB) Director David L. Sites Sells 500 Shares

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ACNB Co. (NASDAQ:ACNB) Director David L. Sites sold 500 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $35.50, for a total transaction of $17,750.00. Following the completion of the sale, the director now owns 29,599 shares of the company’s stock, valued at $1,050,764.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

ACNB stock traded down $0.31 during mid-day trading on Monday, hitting $34.91. 1,973 shares of the company were exchanged, compared to its average volume of 5,712. The business has a 50 day simple moving average of $34.88 and a 200-day simple moving average of $35.79. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $249.16 million, a PE ratio of 10.21 and a beta of 0.16. ACNB Co. has a 1-year low of $32.29 and a 1-year high of $41.00.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.00 annualized dividend and a yield of 2.86%.

A number of hedge funds have recently modified their holdings of ACNB. Royal Bank of Canada lifted its position in ACNB by 14.6% during the second quarter. Royal Bank of Canada now owns 4,697 shares of the bank’s stock worth $186,000 after acquiring an additional 600 shares during the last quarter. Strs Ohio raised its position in shares of ACNB by 6.8% in the second quarter. Strs Ohio now owns 6,300 shares of the bank’s stock valued at $249,000 after buying an additional 400 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of ACNB by 8.3% in the third quarter. Public Employees Retirement System of Ohio now owns 10,177 shares of the bank’s stock valued at $349,000 after buying an additional 783 shares in the last quarter. Rhumbline Advisers raised its position in shares of ACNB by 10.9% in the third quarter. Rhumbline Advisers now owns 10,906 shares of the bank’s stock valued at $374,000 after buying an additional 1,074 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of ACNB by 4.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 16,693 shares of the bank’s stock valued at $661,000 after buying an additional 687 shares in the last quarter. Hedge funds and other institutional investors own 25.19% of the company’s stock.

Several equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of ACNB from a “sell” rating to a “hold” rating in a research note on Saturday, September 14th. ValuEngine upgraded shares of ACNB from a “sell” rating to a “hold” rating in a research note on Tuesday, October 15th.

ACNB Company Profile

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 comprising home equity loans and lines of credit, automobile and recreational vehicle loans, manufactured housing loans, and personal lines of credit; and mortgage lending programs consisting of 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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