ACNB (NASDAQ:ACNB) Stock Passes Below 200-Day Moving Average – What’s Next?

ACNB Co. (NASDAQ:ACNB)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $41.54 and traded as low as $35.89. ACNB shares last traded at $36.69, with a volume of 20,203 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ACNB. StockNews.com raised ACNB from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Janney Montgomery Scott began coverage on shares of ACNB in a research report on Tuesday, November 19th. They issued a “buy” rating and a $53.00 price target for the company.

ACNB Trading Down 3.7 %

The stock has a market capitalization of $313.66 million, a PE ratio of 10.67 and a beta of 0.66. The business’s 50-day moving average is $44.25 and its two-hundred day moving average is $41.63. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.83.

ACNB (NASDAQ:ACNB) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $0.84 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.04). ACNB had a return on equity of 10.18% and a net margin of 23.43%. The company had revenue of $34.07 million for the quarter, compared to the consensus estimate of $27.51 million. On average, analysts predict that ACNB Co. will post 3.56 earnings per share for the current year.

ACNB Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.28 annualized dividend and a dividend yield of 3.49%. ACNB’s dividend payout ratio is currently 37.21%.

Institutional Trading of ACNB

Several large investors have recently added to or reduced their stakes in the business. State Street Corp increased 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 purchasing an additional 4,851 shares during the period. Franklin Resources Inc. bought a new stake in ACNB in the third quarter worth about $221,000. The Manufacturers Life Insurance Company boosted its position in shares of ACNB by 13.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 116,196 shares of the bank’s stock valued at $5,074,000 after purchasing an additional 13,840 shares in the last quarter. FMR LLC grew its stake in shares of ACNB by 3.9% in the 3rd quarter. FMR LLC now owns 570,731 shares of the bank’s stock worth $24,924,000 after purchasing an additional 21,358 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in ACNB by 1.1% during the third quarter. Geode Capital Management LLC now owns 191,437 shares of the bank’s stock valued at $8,361,000 after purchasing an additional 2,026 shares during the last quarter. 32.35% of the stock is currently owned by institutional investors and hedge funds.

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.