Bank of New York Mellon Corp grew its stake in shares of ACNB Corporation (NASDAQ:ACNB) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,612 shares of the bank’s stock after acquiring an additional 188 shares during the quarter. Bank of New York Mellon Corp owned about 0.27% of ACNB Corporation worth $506,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Bowling Portfolio Management LLC bought a new position in shares of ACNB Corporation in the 2nd quarter worth approximately $469,000. Rhumbline Advisers bought a new position in shares of ACNB Corporation in the 2nd quarter worth approximately $202,000. Finally, Financial Consulate Inc. lifted its stake in shares of ACNB Corporation by 9.6% in the 2nd quarter. Financial Consulate Inc. now owns 22,735 shares of the bank’s stock worth $693,000 after purchasing an additional 2,000 shares during the period. 17.28% of the stock is currently owned by hedge funds and other institutional investors.
ACNB Corporation (NASDAQ ACNB) opened at 27.80 on Tuesday. The company has a market cap of $195.02 million, a PE ratio of 15.75 and a beta of 0.23. ACNB Corporation has a 52 week low of $24.45 and a 52 week high of $32.85. The stock has a 50 day moving average of $27.93 and a 200 day moving average of $28.64.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.88%. ACNB Corporation’s payout ratio is 45.20%.
In other news, Vice Chairman Alan J. Stock bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average price of $26.36 per share, for a total transaction of $52,720.00. Following the completion of the transaction, the insider now directly owns 25,640 shares in the company, valued at $675,870.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Tom N. Rasmussen bought 2,025 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average price of $26.88 per share, for a total transaction of $54,432.00. Following the transaction, the executive vice president now owns 10,311 shares of the company’s stock, valued at $277,159.68. The disclosure for this purchase can be found here. Insiders have bought 7,597 shares of company stock worth $202,632 in the last 90 days. Insiders own 2.75% of the company’s stock.
ACNB Corporation 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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