ACNB Co. (NASDAQ:ACNB) Short Interest Up 5.6% in January

ACNB Co. (NASDAQ:ACNB) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 245,000 shares, an increase of 5.6% from the January 15th total of 231,900 shares. Based on an average trading volume of 24,200 shares, the days-to-cover ratio is presently 10.1 days.

Analyst Ratings Changes

Several research firms have issued reports on ACNB. Janney Montgomery Scott started coverage on shares of ACNB in a report on Tuesday, November 19th. They set a “buy” rating and a $53.00 price objective on the stock. StockNews.com upgraded shares of ACNB from a “sell” rating to a “hold” rating in a research report on Friday, November 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. FMR LLC increased its holdings in shares of ACNB by 3.9% in the third quarter. FMR LLC now owns 570,731 shares of the bank’s stock valued at $24,924,000 after purchasing an additional 21,358 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of ACNB by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 273,669 shares of the bank’s stock worth $10,900,000 after acquiring an additional 10,796 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of ACNB by 1.1% during the 3rd 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 during the period. State Street Corp boosted its position in shares of ACNB by 3.5% during the 3rd quarter. State Street Corp now owns 142,024 shares of the bank’s stock valued at $6,202,000 after acquiring an additional 4,851 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of ACNB by 6.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 124,228 shares of the bank’s stock valued at $4,948,000 after purchasing an additional 8,032 shares during the period. 32.35% of the stock is owned by hedge funds and other institutional investors.

ACNB Stock Down 0.8 %

Shares of ACNB opened at $41.19 on Wednesday. The stock has a 50 day moving average price of $40.68 and a 200 day moving average price of $42.14. ACNB has a one year low of $30.24 and a one year high of $50.72. 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 stock has a market capitalization of $352.17 million, a price-to-earnings ratio of 11.04 and a beta of 0.65.

ACNB (NASDAQ:ACNB) last announced its earnings results on Thursday, January 23rd. The bank reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.06). ACNB had a return on equity of 10.91% and a net margin of 24.09%. Equities research analysts forecast that ACNB will post 3.22 earnings per share for the current fiscal year.

ACNB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.28 dividend on an annualized basis and a yield of 3.11%. ACNB’s payout ratio is 34.32%.

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.