ACNB (NASDAQ:ACNB) SVP Sells $38,475.00 in Stock

ACNB Corporation (NASDAQ:ACNB) SVP Kevin Hayes sold 750 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $51.30, for a total value of $38,475.00. Following the sale, the senior vice president directly owned 2,632 shares in the company, valued at $135,021.60. This represents a 22.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

ACNB Stock Performance

Shares of ACNB stock opened at $52.76 on Friday. ACNB Corporation has a 52-week low of $35.70 and a 52-week high of $53.89. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.62. The stock has a market cap of $548.18 million, a PE ratio of 14.90 and a beta of 0.87. The business has a 50-day simple moving average of $49.89 and a 200-day simple moving average of $46.61.

ACNB (NASDAQ:ACNB) last posted its earnings results on Thursday, January 22nd. The bank reported $1.35 EPS for the quarter, topping 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 firm had revenue of $40.74 million for the quarter, compared to analyst estimates of $39.69 million. On average, equities analysts expect that ACNB Corporation will post 3.22 EPS for the current year.

ACNB Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, February 27th. ACNB’s payout ratio is 42.94%.

Wall Street Analyst Weigh In

Several analysts recently commented on ACNB shares. Piper Sandler raised their price target on shares of ACNB from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Zacks Research raised shares of ACNB from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Wall Street Zen lowered ACNB from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ACNB in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, ACNB presently has a consensus rating of “Buy” and a consensus target price of $48.67.

Hedge Funds Weigh In On ACNB

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP boosted 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 worth $43,000 after acquiring an additional 300 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in ACNB by 56.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,036 shares of the bank’s stock valued at $44,000 after purchasing an additional 374 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in ACNB during the 3rd quarter worth $45,000. Tripletail Wealth Management LLC purchased a new stake in shares of ACNB during the third quarter worth $46,000. Finally, Tower Research Capital LLC TRC raised its position 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 buying an additional 856 shares during the last quarter. Hedge funds and other institutional investors own 32.35% of the company’s stock.

About ACNB

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.