Brett Fulk Sells 1,486 Shares of ACNB (NASDAQ:ACNB) Stock

ACNB Corporation (NASDAQ:ACNB) EVP Brett Fulk sold 1,486 shares of ACNB stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $48.52, for a total transaction of $72,100.72. Following the sale, the executive vice president owned 1,048 shares of the company’s stock, valued at approximately $50,848.96. This represents a 58.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

ACNB Stock Down 0.6%

ACNB stock opened at $48.48 on Thursday. The firm has a market capitalization of $503.71 million, a price-to-earnings ratio of 13.69 and a beta of 0.87. The company’s 50 day simple moving average is $49.43 and its 200 day simple moving average is $46.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.96 and a quick ratio of 0.95. ACNB Corporation has a fifty-two week low of $35.70 and a fifty-two week high of $53.41.

ACNB (NASDAQ:ACNB) last posted its earnings results on Thursday, January 22nd. The bank reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. The firm had revenue of $40.74 million during the quarter, compared to analysts’ expectations of $39.69 million. ACNB had a return on equity of 12.77% and a net margin of 19.32%. As a group, sell-side analysts anticipate that ACNB Corporation will post 3.22 EPS for the current year.

Institutional Trading of ACNB

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Allworth Financial LP raised its stake in ACNB by 42.9% in the second quarter. Allworth Financial LP now owns 1,000 shares of the bank’s stock valued at $43,000 after purchasing an additional 300 shares in the last quarter. BNP Paribas Financial Markets grew its stake in ACNB by 56.5% during the second quarter. BNP Paribas Financial Markets now owns 1,036 shares of the bank’s stock worth $44,000 after buying an additional 374 shares in the last quarter. Russell Investments Group Ltd. bought a new position in ACNB in the 3rd quarter valued at about $45,000. Tripletail Wealth Management LLC acquired a new position in shares of ACNB in the 3rd quarter valued at approximately $46,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of ACNB by 98.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,727 shares of the bank’s stock worth $74,000 after acquiring an additional 856 shares during the period. Institutional investors and hedge funds own 32.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ACNB. Wall Street Zen upgraded ACNB from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Piper Sandler boosted their price target on ACNB from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of ACNB in a research note on Monday, December 29th. Zacks Research raised shares of ACNB from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Finally, Raymond James Financial downgraded shares of ACNB from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, ACNB has an average rating of “Buy” and a consensus price target of $48.67.

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.