13,003 Shares in ACNB Corporation $ACNB Acquired by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC purchased a new stake in ACNB Corporation (NASDAQ:ACNB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,003 shares of the bank’s stock, valued at approximately $772,000. Van Hulzen Asset Management LLC owned 0.13% of ACNB as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ACNB. Engineers Gate Manager LP bought a new position in ACNB during the second quarter worth about $245,000. California State Teachers Retirement System raised its position in shares of ACNB by 1,403.2% during the second quarter. California State Teachers Retirement System now owns 8,373 shares of the bank’s stock worth $497,000 after purchasing an additional 7,816 shares during the period. Rodgers & Associates LTD acquired a new stake in shares of ACNB during the second quarter worth about $215,000. Susquehanna Fundamental Investments LLC bought a new position in shares of ACNB during the 2nd quarter valued at about $461,000. Finally, Empowered Funds LLC bought a new position in shares of ACNB during the 2nd quarter valued at about $3,819,000. Institutional investors own 32.35% of the company’s stock.

ACNB Trading Up 1.1%

NASDAQ ACNB opened at $65.02 on Friday. The stock has a market capitalization of $661.25 million, a price-to-earnings ratio of 12.34 and a beta of 0.86. The stock’s 50 day moving average price is $63.24 and its two-hundred day moving average price is $56.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 0.94. ACNB Corporation has a 52 week low of $42.52 and a 52 week high of $67.60.

ACNB (NASDAQ:ACNB) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. ACNB had a net margin of 27.15% and a return on equity of 13.78%. The company had revenue of $42.82 million during the quarter, compared to analysts’ expectations of $42.21 million. As a group, analysts anticipate that ACNB Corporation will post 5.72 earnings per share for the current fiscal year.

ACNB Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.68 dividend on an annualized basis and a yield of 2.6%. ACNB’s dividend payout ratio (DPR) is 31.88%.

Analyst Ratings Changes

A number of analysts recently issued reports on ACNB shares. Hovde Group increased their target price on ACNB from $57.00 to $64.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of ACNB in a report on Tuesday, July 21st. Finally, Piper Sandler increased their price objective on shares of ACNB from $58.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $64.50.

ACNB Profile

ACNB Corporation is the bank holding company for ACNB Bank, a community-focused financial institution headquartered in Gettysburg, Pennsylvania. Tracing its roots to a local banking organization established in the 19th century, the company has evolved into a regional banking franchise serving individuals, families and businesses across south-central Pennsylvania. As a publicly traded company on NASDAQ under the ticker ACNB, it operates under a traditional community banking model, emphasizing personal service and local decision-making.

The company’s main business activities encompass a full range of retail and commercial banking products.