ACNB Corporation (NASDAQ:ACNB) Receives Consensus Rating of “Hold” from Brokerages

Shares of ACNB Corporation (NASDAQ:ACNB) have earned an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $64.50.

A number of equities analysts have commented on ACNB shares. Hovde Group boosted their price objective on shares of ACNB from $57.00 to $64.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Piper Sandler lifted their price objective on ACNB from $58.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ACNB in a research report on Tuesday, July 21st.

ACNB Price Performance

ACNB stock opened at $65.02 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 0.94. ACNB has a 1 year low of $42.52 and a 1 year high of $67.60. The firm has a market cap of $661.25 million, a P/E ratio of 12.34 and a beta of 0.86. The stock has a 50-day simple moving average of $63.24 and a 200-day simple moving average of $56.00.

ACNB (NASDAQ:ACNB) last released its quarterly earnings results on Thursday, July 23rd. The bank reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. ACNB had a return on equity of 13.78% and a net margin of 27.15%.The firm had revenue of $42.82 million for the quarter, compared to analyst estimates of $42.21 million. On average, equities analysts predict that ACNB will post 5.72 earnings per share for the current fiscal year.

ACNB Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.68 annualized dividend and a dividend yield of 2.6%. ACNB’s payout ratio is presently 31.88%.

Institutional Trading of ACNB

Institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new position in ACNB during the 2nd quarter worth approximately $272,000. Van Hulzen Asset Management LLC acquired a new stake in shares of ACNB during the second quarter worth $772,000. Engineers Gate Manager LP bought a new position in shares of ACNB in the 2nd quarter worth about $245,000. California State Teachers Retirement System boosted its holdings in shares of ACNB by 1,403.2% in the 2nd quarter. California State Teachers Retirement System now owns 8,373 shares of the bank’s stock valued at $497,000 after buying an additional 7,816 shares during the period. Finally, Rodgers & Associates LTD bought a new stake in shares of ACNB during the 2nd quarter valued at about $215,000. Institutional investors and hedge funds own 32.35% of the company’s stock.

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.