ACNB Corporation (NASDAQ:ACNB) Receives Average Rating of “Hold” from Analysts

ACNB Corporation (NASDAQ:ACNB) has earned a consensus rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $61.00.

ACNB has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of ACNB from a “buy” rating to a “hold” rating in a report on Sunday, April 12th. Weiss Ratings raised shares of ACNB from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Zacks Research downgraded shares of ACNB from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Piper Sandler upped their price objective on shares of ACNB from $58.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Hovde Group downgraded shares of ACNB from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $56.00 to $57.00 in a report on Wednesday, May 27th.

Hedge Funds Weigh In On ACNB

Several large investors have recently bought and sold shares of ACNB. Private Capital Management LLC raised its stake in ACNB by 9.9% during the 3rd quarter. Private Capital Management LLC now owns 345,626 shares of the bank’s stock valued at $15,221,000 after purchasing an additional 31,113 shares during the last quarter. Maltese Capital Management LLC raised its stake in ACNB by 112.3% during the 3rd quarter. Maltese Capital Management LLC now owns 50,700 shares of the bank’s stock valued at $2,233,000 after purchasing an additional 26,820 shares during the last quarter. Informed Momentum Co LLC acquired a new position in ACNB during the 4th quarter valued at $1,053,000. The Manufacturers Life Insurance Company raised its stake in ACNB by 11.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 162,978 shares of the bank’s stock valued at $7,802,000 after purchasing an additional 17,337 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in ACNB by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 334,844 shares of the bank’s stock valued at $16,029,000 after purchasing an additional 14,789 shares during the last quarter. 32.35% of the stock is currently owned by institutional investors and hedge funds.

ACNB Stock Performance

ACNB stock opened at $60.17 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $614.34 million, a price-to-earnings ratio of 12.30 and a beta of 0.88. ACNB has a 12 month low of $40.80 and a 12 month high of $60.88. The firm has a 50 day moving average of $54.04 and a two-hundred day moving average of $51.20.

ACNB (NASDAQ:ACNB) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.06. The business had revenue of $40.79 million during the quarter, compared to the consensus estimate of $41.07 million. ACNB had a net margin of 25.66% and a return on equity of 13.15%. As a group, equities analysts anticipate that ACNB will post 5.49 EPS for the current fiscal year.

ACNB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, June 1st. This is an increase from ACNB’s previous quarterly dividend of $0.38. ACNB’s dividend payout ratio is currently 34.36%.

ACNB Company 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.