ACNB (NASDAQ:ACNB) EVP Sells $72,100.72 in Stock

ACNB Corporation (NASDAQ:ACNB) EVP Brett Fulk sold 1,486 shares of the business’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $48.52, for a total value of $72,100.72. Following the sale, the executive vice president directly owned 1,048 shares of the company’s stock, valued at $50,848.96. This represents a 58.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

ACNB Price Performance

NASDAQ ACNB opened at $49.74 on Friday. The stock has a market cap of $516.80 million, a price-to-earnings ratio of 14.05 and a beta of 0.87. ACNB Corporation has a 12 month low of $35.70 and a 12 month high of $53.41. The company’s 50 day moving average is $49.48 and its two-hundred day moving average is $46.24. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62.

ACNB (NASDAQ:ACNB) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $1.35 EPS for the quarter, beating the consensus estimate of $1.26 by $0.09. ACNB had a return on equity of 12.77% and a net margin of 19.32%.The business had revenue of $40.74 million for the quarter, compared to the consensus estimate of $39.69 million. As a group, research analysts anticipate that ACNB Corporation will post 3.22 earnings per share for the current year.

ACNB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, February 27th. This represents a $1.52 annualized dividend and a yield of 3.1%. ACNB’s dividend payout ratio (DPR) is 42.94%.

Analyst Upgrades and Downgrades

ACNB has been the topic of a number of recent research reports. Zacks Research upgraded ACNB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Piper Sandler increased their price target on ACNB from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Raymond James Financial lowered shares of ACNB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of ACNB in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of ACNB from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $48.67.

Institutional Trading of ACNB

A number of hedge funds have recently added to or reduced their stakes in the business. Planning Directions Inc. purchased a new position in ACNB during the fourth quarter valued at approximately $214,000. SG Americas Securities LLC bought a new stake in ACNB during the 4th quarter valued at $133,000. JPMorgan Chase & Co. increased its holdings in shares of ACNB by 32.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,276 shares of the bank’s stock valued at $320,000 after acquiring an additional 1,775 shares during the period. Turning Point Benefit Group Inc. bought a new position in shares of ACNB in the 3rd quarter worth $198,000. Finally, Private Capital Management LLC raised its position in shares of ACNB by 9.9% in the 3rd quarter. Private Capital Management LLC now owns 345,626 shares of the bank’s stock worth $15,221,000 after acquiring an additional 31,113 shares in the last quarter. 32.35% of the stock is owned by hedge funds and other institutional investors.

ACNB Company Profile

ACNB Corporation is the bank holding company for ACNB Bank, a community-focused financial institution headquartered in Gettysburg, Pennsylvania. Tracing its roots to a local banking organization established in the 19th century, the company has evolved into a regional banking franchise serving individuals, families and businesses across south-central Pennsylvania. As a publicly traded company on NASDAQ under the ticker ACNB, it operates under a traditional community banking model, emphasizing personal service and local decision-making.

The company’s main business activities encompass a full range of retail and commercial banking products.