Barclays PLC raised its holdings in ACNB Co. (NASDAQ:ACNB - Free Report) by 286.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,807 shares of the bank's stock after acquiring an additional 8,012 shares during the period. Barclays PLC owned approximately 0.13% of ACNB worth $472,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Renaissance Technologies LLC grew its stake in ACNB by 1.7% in the 2nd quarter. Renaissance Technologies LLC now owns 17,856 shares of the bank's stock worth $648,000 after buying an additional 300 shares in the last quarter. RKL Wealth Management LLC lifted its holdings in shares of ACNB by 3.3% during the 3rd quarter. RKL Wealth Management LLC now owns 10,098 shares of the bank's stock worth $441,000 after acquiring an additional 326 shares during the last quarter. Geode Capital Management LLC grew its position in ACNB by 1.1% in the third quarter. Geode Capital Management LLC now owns 191,437 shares of the bank's stock worth $8,361,000 after acquiring an additional 2,026 shares in the last quarter. Empowered Funds LLC increased its stake in ACNB by 5.4% in the third quarter. Empowered Funds LLC now owns 47,408 shares of the bank's stock valued at $2,070,000 after acquiring an additional 2,412 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in ACNB by 8.7% during the second quarter. Bank of New York Mellon Corp now owns 30,534 shares of the bank's stock valued at $1,107,000 after purchasing an additional 2,437 shares in the last quarter. Institutional investors own 32.35% of the company's stock.
NASDAQ ACNB opened at $39.58 on Friday. The company has a 50-day simple moving average of $43.49 and a two-hundred day simple moving average of $41.71. ACNB Co. has a 12-month low of $30.24 and a 12-month high of $50.72. The firm has a market cap of $338.41 million, a price-to-earnings ratio of 11.51 and a beta of 0.66. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.83.
ACNB (NASDAQ:ACNB - Get Free Report) last issued its earnings results on Thursday, October 24th. The bank reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.04). The company had revenue of $34.07 million for the quarter, compared to analysts' expectations of $27.51 million. ACNB had a net margin of 23.43% and a return on equity of 10.18%. On average, equities analysts forecast that ACNB Co. will post 3.56 EPS for the current year.
A number of research firms have recently issued reports on ACNB. Janney Montgomery Scott assumed coverage on ACNB in a report on Tuesday, November 19th. They issued a "buy" rating and a $53.00 price objective for the company. StockNews.com raised ACNB from a "sell" rating to a "hold" rating in a research note on Friday, November 15th.
Read Our Latest Stock Report on ACNB
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.
Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACNB Co. (NASDAQ:ACNB - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ACNB, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ACNB wasn't on the list.
While ACNB currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
