ACNB Co. (NASDAQ:ACNB) Short Interest Update

ACNB Co. (NASDAQ:ACNB) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 75,700 shares, a decrease of 7.6% from the February 29th total of 81,900 shares. Based on an average daily trading volume, of 17,800 shares, the short-interest ratio is presently 4.3 days. Currently, 0.9% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ACNB shares. Hovde Group cut ACNB from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $40.00 to $47.00 in a report on Monday, December 18th. StockNews.com lowered ACNB from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Finally, Piper Sandler increased their price target on ACNB from $43.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, December 18th.

Institutional Investors Weigh In On ACNB

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in ACNB by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 420,031 shares of the bank’s stock worth $18,801,000 after acquiring an additional 11,138 shares during the last quarter. Barclays PLC increased its holdings in ACNB by 697.7% in the 4th quarter. Barclays PLC now owns 11,359 shares of the bank’s stock worth $509,000 after acquiring an additional 9,935 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in ACNB by 36.4% in the 4th quarter. Nuveen Asset Management LLC now owns 16,218 shares of the bank’s stock worth $726,000 after acquiring an additional 4,331 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in ACNB by 4.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 90,006 shares of the bank’s stock worth $4,029,000 after acquiring an additional 3,456 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in ACNB in the 4th quarter worth about $404,000. Hedge funds and other institutional investors own 32.35% of the company’s stock.

ACNB Trading Down 4.8 %

Shares of ACNB stock opened at $35.80 on Tuesday. ACNB has a 1 year low of $27.00 and a 1 year high of $48.55. The firm has a market cap of $304.48 million, a PE ratio of 9.62 and a beta of 0.59. The stock has a fifty day moving average price of $37.36 and a 200-day moving average price of $37.94. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.87 and a quick ratio of 0.87.

ACNB (NASDAQ:ACNB) last announced its earnings results on Thursday, January 25th. The bank reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.48). ACNB had a net margin of 27.53% and a return on equity of 12.12%. The business had revenue of $22.46 million for the quarter, compared to analysts’ expectations of $27.75 million. Equities research analysts anticipate that ACNB will post 3.4 EPS for the current year.

ACNB Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.35%. The ex-dividend date was Thursday, February 29th. ACNB’s dividend payout ratio (DPR) is currently 32.26%.

ACNB Company Profile

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.