Savant Capital LLC Invests $264,000 in ACNB Co. (NASDAQ:ACNB)

Savant Capital LLC bought a new position in shares of ACNB Co. (NASDAQ:ACNB) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,890 shares of the bank’s stock, valued at approximately $264,000. Savant Capital LLC owned approximately 0.07% of ACNB as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of ACNB by 2.0% during the 3rd quarter. FMR LLC now owns 490,483 shares of the bank’s stock worth $15,504,000 after buying an additional 9,497 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of ACNB by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 30,627 shares of the bank’s stock worth $968,000 after purchasing an additional 326 shares during the last quarter. LSV Asset Management increased its position in shares of ACNB by 2.6% during the third quarter. LSV Asset Management now owns 27,598 shares of the bank’s stock worth $872,000 after purchasing an additional 709 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of ACNB in the 4th quarter valued at about $583,000. Finally, RKL Wealth Management LLC acquired a new stake in shares of ACNB in the 4th quarter valued at about $434,000. Hedge funds and other institutional investors own 32.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. StockNews.com raised ACNB from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Piper Sandler reduced their price target on shares of ACNB from $40.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st.

ACNB Trading Up 0.3 %

Shares of ACNB stock opened at $33.34 on Tuesday. ACNB Co. has a twelve month low of $27.50 and a twelve month high of $48.55. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $34.53 and its two-hundred day moving average is $38.11. The company has a market capitalization of $283.72 million, a P/E ratio of 9.64 and a beta of 0.64.

ACNB (NASDAQ:ACNB) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. ACNB had a net margin of 24.98% and a return on equity of 11.18%. The company had revenue of $31.64 million for the quarter, compared to analysts’ expectations of $26.28 million. Equities analysts forecast that ACNB Co. will post 3.3 EPS for the current year.

ACNB Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.32 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.28 dividend on an annualized basis and a yield of 3.84%. This is an increase from ACNB’s previous quarterly dividend of $0.30. ACNB’s dividend payout ratio (DPR) is presently 34.68%.

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.