Context BH Capital Management LP Takes Position in ACNB Corporation (ACNB)

Context BH Capital Management LP acquired a new position in shares of ACNB Corporation (NASDAQ:ACNB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,315 shares of the bank’s stock, valued at approximately $424,000. Context BH Capital Management LP owned about 0.22% of ACNB Corporation at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in ACNB Corporation by 41.2% during the 2nd quarter. Royal Bank of Canada now owns 3,997 shares of the bank’s stock worth $122,000 after acquiring an additional 1,166 shares during the last quarter. Rhumbline Advisers purchased a new position in ACNB Corporation during the 2nd quarter worth $202,000. Wells Fargo & Company MN boosted its holdings in ACNB Corporation by 29.2% during the 2nd quarter. Wells Fargo & Company MN now owns 7,949 shares of the bank’s stock worth $243,000 after acquiring an additional 1,796 shares during the last quarter. Teachers Advisors LLC boosted its holdings in ACNB Corporation by 6.7% during the 2nd quarter. Teachers Advisors LLC now owns 10,326 shares of the bank’s stock worth $315,000 after acquiring an additional 652 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new position in ACNB Corporation during the 2nd quarter worth $333,000. 17.94% of the stock is currently owned by hedge funds and other institutional investors.

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In other ACNB Corporation news, EVP Tom N. Rasmussen bought 2,025 shares of the stock in a transaction dated Thursday, September 7th. The shares were bought at an average cost of $26.88 per share, for a total transaction of $54,432.00. Following the purchase, the executive vice president now directly owns 10,311 shares of the company’s stock, valued at approximately $277,159.68. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have bought a total of 3,165 shares of company stock worth $84,666 over the last quarter. Company insiders own 2.75% of the company’s stock.

ACNB Corporation (ACNB) traded up $0.15 on Tuesday, reaching $28.00. 1,500 shares of the company’s stock were exchanged, compared to its average volume of 7,580. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.63. The stock has a market cap of $195.50, a P/E ratio of 15.73 and a beta of 0.23. ACNB Corporation has a 1 year low of $24.45 and a 1 year high of $32.85.

The firm also recently announced 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Thursday, November 30th. ACNB Corporation’s payout ratio is 45.20%.

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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Institutional Ownership by Quarter for ACNB Corporation (NASDAQ:ACNB)

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