A number of other large investors also recently added to or reduced their stakes in ACNB. Stonebridge Financial Group LLC purchased a new stake in ACNB during the 4th quarter valued at about $42,000. Wilmington Savings Fund Society FSB bought a new stake in ACNB in the fourth quarter valued at approximately $92,000. SG Americas Securities LLC boosted its stake in shares of ACNB by 35.3% during the fourth quarter. SG Americas Securities LLC now owns 3,963 shares of the bank’s stock valued at $158,000 after purchasing an additional 1,035 shares during the period. Franklin Resources Inc. bought a new position in shares of ACNB in the third quarter worth approximately $221,000. Finally, BNP Paribas Financial Markets increased its stake in shares of ACNB by 352.3% in the third quarter. BNP Paribas Financial Markets now owns 6,612 shares of the bank’s stock worth $289,000 after buying an additional 5,150 shares during the period. Hedge funds and other institutional investors own 32.35% of the company’s stock.

Several equities research analysts have weighed in on the stock. Piper Sandler raised shares of ACNB from a “neutral” rating to an “overweight” rating and increased their price target for the company from $37.00 to $50.00 in a research report on Monday, March 3rd. Raymond James assumed coverage on shares of ACNB in a research note on Friday, March 21st. They set an “outperform” rating and a $47.00 price objective for the company. Finally, UBS Group set a $47.00 target price on ACNB in a research note on Friday, March 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, ACNB presently has a consensus rating of “Moderate Buy” and an average target price of $48.40.

Check Out Our Latest Report on ACNB

Shares of NASDAQ ACNB opened at $38.53 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.94 and a current ratio of 0.94. The company has a 50 day simple moving average of $41.03 and a two-hundred day simple moving average of $42.38. ACNB Co. has a fifty-two week low of $30.24 and a fifty-two week high of $50.72. The company has a market capitalization of $406.22 million, a price-to-earnings ratio of 10.33 and a beta of 0.69.

ACNB (NASDAQ:ACNB – Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $0.77 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.06). ACNB had a net margin of 24.09% and a return on equity of 10.91%. Analysts expect that ACNB Co. will post 3.22 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.32 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.32%. ACNB’s dividend payout ratio is presently 34.32%.

(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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