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| Snatch This Bargain Dividend Stock With 5.5% Yield Even Cheaper Than Director Williams DidBy Dividend Channel Staff, Friday, November 18, 11:29 AM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on September 27, ACNB Corp.'s Director, James Eugene Williams, invested $7,486.00 into 500 shares of ACNB, for a cost per share of $14.97. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Friday, bargain hunters could buy shares of ACNB Corp. (NASDAQ:ACNB) and achieve a cost basis 8.2% cheaper than Williams, with shares changing hands as low as $13.75 per share. ACNB Corp. shares are currently trading down about 0.7% on the day. The chart below shows the one year performance of ACNB shares, versus its 200 day moving average:
Looking at the chart above, ACNB's low point in its 52 week range is $13.28 per share, with $16.50 as the 52 week high point — that compares with a last trade of $13.81. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
The current annualized dividend paid by ACNB Corp. is $0.76/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 11/29/2011. Below is a long-term dividend history chart for ACNB, which can be of good help in judging whether the most recent dividend with approx. 5.5% annualized yield is likely to continue.
ACNB operates in the Banking & Savings sector, among companies like BB&T Corp. (NYSE:BBT) which is trading flat today, and Barclays PLC (NYSE:BCS) trading up by about 2.4%. Below is a three month price history chart comparing the stock performance of ACNB, versus BBT and BCS.
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One Reason For Insiders to Buy
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