ACNB (NASDAQ:ACNB) Upgraded by StockNews.com to Hold Rating

ACNB (NASDAQ:ACNB) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Separately, Hovde Group upgraded ACNB from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Wednesday, July 31st.

ACNB Stock Down 0.2 %

ACNB stock opened at $47.50 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.94 and a quick ratio of 0.94. ACNB has a 12 month low of $30.24 and a 12 month high of $50.72. The firm has a market capitalization of $406.08 million, a PE ratio of 13.81 and a beta of 0.61. The company’s 50 day simple moving average is $43.15 and its 200-day simple moving average is $38.30.

ACNB (NASDAQ:ACNB) last announced its earnings results on Thursday, October 24th. The bank reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.04). ACNB had a net margin of 23.43% and a return on equity of 10.18%. The company had revenue of $34.07 million for the quarter, compared to analyst estimates of $27.51 million. Equities analysts expect that ACNB will post 3.3 earnings per share for the current fiscal year.

Institutional Trading of ACNB

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of ACNB during the 3rd quarter worth about $128,000. BNP Paribas Financial Markets raised its stake in ACNB by 83.3% during the first quarter. BNP Paribas Financial Markets now owns 4,091 shares of the bank’s stock worth $154,000 after purchasing an additional 1,859 shares during the period. Haverford Trust Co acquired a new position in shares of ACNB in the 3rd quarter valued at $200,000. Martingale Asset Management L P purchased a new stake in shares of ACNB during the 3rd quarter valued at $223,000. Finally, SPC Financial Inc. acquired a new stake in shares of ACNB during the 3rd quarter worth $271,000. Hedge funds and other institutional investors own 32.35% of the company’s stock.

About 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.