Several other hedge funds have also made changes to their positions in ACNB. JPMorgan Chase & Co. boosted its holdings in ACNB by 145.4% in the fourth quarter. JPMorgan Chase & Co. now owns 27,362 shares of the bank’s stock valued at $1,090,000 after purchasing an additional 16,214 shares during the period. American Century Companies Inc. grew its holdings in shares of ACNB by 9.1% during the fourth quarter. American Century Companies Inc. now owns 101,437 shares of the bank’s stock worth $4,040,000 after purchasing an additional 8,486 shares during the last quarter. Barclays PLC grew its position in shares of ACNB by 286.7% during the third quarter. Barclays PLC now owns 10,807 shares of the bank’s stock worth $472,000 after acquiring an additional 8,012 shares during the last quarter. SPC Financial Inc. boosted its stake in shares of ACNB by 87.3% during the fourth quarter. SPC Financial Inc. now owns 11,610 shares of the bank’s stock worth $462,000 after buying an additional 5,410 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of ACNB by 5.0% during the fourth quarter. Empowered Funds LLC now owns 49,787 shares of the bank’s stock worth $1,983,000 after purchasing an additional 2,379 shares during the period. Institutional investors and hedge funds own 32.35% of the company’s stock.

ACNB stock opened at $42.97 on Friday. ACNB Co. has a 52-week low of $30.24 and a 52-week high of $50.72. The firm has a market capitalization of $453.03 million, a P/E ratio of 11.52 and a beta of 0.69. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.83. The firm has a fifty day moving average of $40.82 and a 200-day moving average of $42.06.

ACNB (NASDAQ:ACNB – Get Free Report) last announced its earnings results on Thursday, April 24th. The bank reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.09. The company had revenue of $34.27 million during the quarter, compared to the consensus estimate of $32.65 million. ACNB had a return on equity of 10.91% and a net margin of 24.09%. As a group, analysts predict that ACNB Co. will post 3.22 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, May 30th. This is a boost from ACNB’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 3.16%. ACNB’s dividend payout ratio (DPR) is 46.90%.

ACNB has been the subject of a number of recent analyst reports. StockNews.com downgraded ACNB from a “hold” rating to a “sell” rating in a report on Monday, April 28th. Piper Sandler raised ACNB from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $37.00 to $50.00 in a report on Monday, March 3rd. Raymond James assumed coverage on shares of ACNB in a research report on Friday, March 21st. They issued an “outperform” rating and a $47.00 price objective for the company. Finally, UBS Group set a $47.00 price target on ACNB in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.40.

View Our Latest Analysis on ACNB

(Free Report)

ACNB Corporation, a financial holding company, offers banking, insurance, and financial services to individual, business, and government customers in the United States. The company provides checking, savings, and money market deposit accounts, as well as time deposits and debit cards. It also offers commercial lending products, such as commercial mortgages, real estate development and construction loans, accounts receivable and inventory financing, and agricultural and governmental loans; consumer lending products, including home equity loans and lines of credit, automobile and recreational vehicle loans, manufactured housing loans, and personal lines of credit; and mortgage lending programs include personal residential mortgages, and residential construction and investment mortgage loans.

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