ACNB (NASDAQ:ACNB) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of ACNB (NASDAQ:ACNB) from a hold rating to a buy rating in a report issued on Sunday.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of ACNB in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $48.67.

ACNB Trading Down 2.9%

ACNB stock opened at $47.50 on Friday. ACNB has a 52 week low of $35.70 and a 52 week high of $53.89. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 0.96. The firm has a market capitalization of $493.53 million, a price-to-earnings ratio of 13.42 and a beta of 0.86. The company has a 50 day moving average price of $50.14 and a 200 day moving average price of $47.79.

ACNB (NASDAQ:ACNB) last announced its earnings results on Thursday, January 22nd. The bank reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.09. The company had revenue of $40.74 million for the quarter, compared to the consensus estimate of $39.69 million. ACNB had a net margin of 19.32% and a return on equity of 12.77%. Research analysts forecast that ACNB will post 3.22 EPS for the current year.

ACNB Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, February 27th. ACNB’s payout ratio is currently 42.94%.

Insider Activity at ACNB

In related news, Director Donald Arthur Seibel, Jr. sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $51.00, for a total value of $255,000.00. Following the transaction, the director owned 5,927 shares in the company, valued at approximately $302,277. This represents a 45.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Kevin J. Hayes sold 750 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $51.30, for a total value of $38,475.00. Following the completion of the transaction, the senior vice president owned 2,632 shares in the company, valued at $135,021.60. This represents a 22.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 10,009 shares of company stock valued at $510,520. 3.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ACNB. Equitable Trust Co. lifted its position in shares of ACNB by 2.5% in the fourth quarter. Equitable Trust Co. now owns 9,260 shares of the bank’s stock worth $448,000 after buying an additional 230 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of ACNB by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,942 shares of the bank’s stock valued at $203,000 after acquiring an additional 234 shares during the last quarter. Allworth Financial LP raised its stake in shares of ACNB by 42.9% in the 2nd quarter. Allworth Financial LP now owns 1,000 shares of the bank’s stock valued at $43,000 after acquiring an additional 300 shares in the last quarter. First Trust Advisors LP raised its stake in shares of ACNB by 5.2% in the 2nd quarter. First Trust Advisors LP now owns 6,725 shares of the bank’s stock valued at $288,000 after acquiring an additional 334 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in ACNB by 56.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,036 shares of the bank’s stock worth $44,000 after purchasing an additional 374 shares during the last quarter. Institutional investors own 32.35% of the company’s stock.

About ACNB

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.