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Frank Elsner III, a director at ACNB Corp (NASDAQ:ACNB), a regional bank with a market capitalization of $438 million, recently reported transactions involving the acquisition of company shares. On March 14, 2025, Elsner acquired a total of 196.8504 shares of ACNB Corporation Common stock. This acquisition includes two separate transactions: one where Elsner purchased 6.0569 shares at a price of $41.75 each, totaling approximately $252, and another where he received 190.7935 shares as part of a director compensation plan at a price of $41.275 each, totaling $7,875. According to InvestingPro data, ACNB has maintained dividend payments for 37 consecutive years and currently offers a 3.09% dividend yield.
Following these transactions, Elsner’s total direct ownership in ACNB Corp increased to 27,417.3696 shares. These acquisitions were reported in a Form 4 filing with the Securities and Exchange Commission. The stock currently trades at a P/E ratio of 11.05, and InvestingPro analysis indicates the shares are trading close to their Fair Value, with additional metrics and insights available to subscribers.
In other recent news, ACNB Corporation has reported several noteworthy developments. The company announced an increase in its regular quarterly cash dividend to $0.32 per share, marking a 6.7% rise from the previous year’s first quarter. This increase is expected to result in total payments of approximately $3.38 million, largely due to the issuance of additional shares following the acquisition of Traditions Bancorp, Inc. Piper Sandler has upgraded ACNB’s stock rating from Neutral to Overweight, raising the price target from $37.00 to $50.00. The upgrade follows the successful merger with Traditions Bancorp, which is anticipated to boost the company’s earnings per share. Additionally, ACNB has awarded restricted stock to key executives as part of its variable compensation plan, aligning their interests with those of shareholders. The awards, approved by the Boards of Directors, are part of a strategy to incentivize performance and growth. These recent developments highlight ACNB’s proactive measures in enhancing shareholder value and positioning the company for future growth.
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