Donna M. Newell Acquires 716 Shares of ACNB Co. (NASDAQ:ACNB) Stock

ACNB Co. (NASDAQ:ACNB) Director Donna M. Newell bought 716 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were bought at an average cost of $36.10 per share, with a total value of $25,847.60. Following the transaction, the director now directly owns 5,901 shares of the company’s stock, valued at $213,026.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of ACNB stock traded up $0.79 during trading hours on Tuesday, reaching $36.57. 4,833 shares of the company’s stock were exchanged, compared to its average volume of 8,822. ACNB Co. has a fifty-two week low of $33.55 and a fifty-two week high of $41.45. The company has a market capitalization of $254.73 million, a PE ratio of 10.72 and a beta of 0.15. The business’s fifty day simple moving average is $37.30. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.

Several hedge funds have recently modified their holdings of the company. Northern Trust Corp raised its position in ACNB by 3.2% during the second quarter. Northern Trust Corp now owns 76,644 shares of the bank’s stock valued at $3,033,000 after purchasing an additional 2,344 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in ACNB by 4.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 16,693 shares of the bank’s stock valued at $661,000 after purchasing an additional 687 shares in the last quarter. Strs Ohio raised its position in ACNB by 6.8% during the second quarter. Strs Ohio now owns 6,300 shares of the bank’s stock valued at $249,000 after purchasing an additional 400 shares in the last quarter. Bessemer Group Inc. raised its position in ACNB by 2.6% during the second quarter. Bessemer Group Inc. now owns 15,700 shares of the bank’s stock valued at $621,000 after purchasing an additional 400 shares in the last quarter. Finally, FMR LLC raised its position in ACNB by 6.7% during the first quarter. FMR LLC now owns 128,911 shares of the bank’s stock valued at $4,769,000 after purchasing an additional 8,053 shares in the last quarter. Institutional investors own 23.47% of the company’s stock.



Separately, ValuEngine cut ACNB from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

About ACNB

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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