Insider Buying: ACNB Corporation (ACNB) Chairman Buys 650 Shares of Stock

ACNB Corporation (NASDAQ:ACNB) Chairman Frank Elsner III purchased 650 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was bought at an average cost of $29.28 per share, for a total transaction of $19,032.00. Following the completion of the acquisition, the chairman now directly owns 16,787 shares of the company’s stock, valued at $491,523.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

ACNB Corporation (NASDAQ:ACNB) traded down 0.34% during trading on Friday, hitting $29.10. 17,087 shares of the stock traded hands. ACNB Corporation has a one year low of $23.50 and a one year high of $32.85. The company has a 50-day moving average price of $29.62 and a 200 day moving average price of $30.11. The stock has a market cap of $176.55 million, a PE ratio of 16.09 and a beta of 0.25.

Insider Buying and Selling by Quarter for ACNB Corporation (NASDAQ:ACNB)

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.75%. ACNB Corporation’s dividend payout ratio (DPR) is presently 44.20%.

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ACNB Corporation Company Profile

ACNB Corporation is a financial holding company. The Company’s banking operations are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range of property and casualty, life and health insurance to both commercial and individual clients through its subsidiary, Russell Insurance Group, Inc (RIG).

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