Frank Elsner III, Director of ACNB Corp (NASDAQ: ACNB), not too long ago bought widespread inventory of the corporate. In line with the most recent SEC submitting, Elsner acquired roughly 5.49 shares on December 13, 2024, at a worth of $45.55 per share, for a complete of $250. This buy comes as ACNB inventory has proven robust momentum, gaining almost 45% over the previous six months. Moreover, Elsner obtained 172.89 shares as a part of a administrators’ compensation plan, valued at $7,874. On account of these transactions, Elsner’s direct possession in ACNB Corp quantities to 27,149.9991 shares. The $390 million market cap firm trades at a P/E ratio of 13.2 and seems barely undervalued in response to InvestPro evaluation, which presents 6 extra funding insights and detailed valuation metrics for subscribers.
In different current information, ACNB Company disclosed extra particulars about its merger with Traditions Bancorp, Inc., in response to shareholder requests for extra transparency. The merger is predicted to lead to a mixed entity with complete property of $3.3 billion, complete deposits of $2.6 billion and complete gross loans of $2.4 billion. The extra data contains particulars on the engagement and compensation of monetary advisors Piper Sandler and Hovde, who assisted within the merger course of. The knowledge supplied additionally supplied unaudited monetary forecasts for Traditions and professional forma forecasts for the mixed firm following the merger.
ACNB Company additionally declared a money dividend of $0.32 per share within the fourth quarter, representing a rise of 6.7% from $0.30 per share a yr in the past. This improve is predicted to lead to a complete payout of roughly $2.7 million to shareholders for the ultimate quarter of 2024. Analyst agency Piper Sandler maintained a impartial ranking on ACNB, albeit with a worth goal decreased from $40.00 to $37.00, following the corporate’s first quarter. 2024 earnings report which revealed earnings per share of $0.80. Lastly, the ACNB Company has expanded its board of administrators to 11 members with the current election of Alexandra Chiaruttini. These are current developments for ACNB Company.
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