Maltese Capital Management LLC Buys 26,820 Shares of ACNB Corporation $ACNB

Maltese Capital Management LLC increased its stake in shares of ACNB Corporation (NASDAQ:ACNB) by 112.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,700 shares of the bank’s stock after purchasing an additional 26,820 shares during the period. Maltese Capital Management LLC’s holdings in ACNB were worth $2,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP increased 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 during the last quarter. BNP Paribas Financial Markets grew its holdings in ACNB by 56.5% during the second quarter. BNP Paribas Financial Markets now owns 1,036 shares of the bank’s stock valued at $44,000 after purchasing an additional 374 shares during the period. Russell Investments Group Ltd. bought a new stake in ACNB in the third quarter valued at approximately $45,000. Tripletail Wealth Management LLC acquired a new stake in ACNB in the third quarter worth $46,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of ACNB by 98.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,727 shares of the bank’s stock worth $74,000 after purchasing an additional 856 shares in the last quarter. Institutional investors own 32.35% of the company’s stock.

ACNB Stock Performance

Shares of ACNB stock opened at $47.47 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.94. The firm has a market cap of $491.31 million, a price-to-earnings ratio of 13.41 and a beta of 0.86. The stock’s 50-day moving average is $49.98 and its 200-day moving average is $47.84. ACNB Corporation has a one year low of $35.70 and a one year high of $53.89.

ACNB (NASDAQ:ACNB) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. ACNB had a return on equity of 12.58% and a net margin of 19.32%.The business had revenue of $40.74 million during the quarter, compared to the consensus estimate of $39.69 million. Equities analysts predict that ACNB Corporation will post 3.22 earnings per share for the current fiscal year.

ACNB Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid 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 of this dividend was Friday, February 27th. ACNB’s dividend payout ratio (DPR) is currently 42.94%.

Analysts Set New Price Targets

ACNB has been the subject of a number of recent analyst reports. Zacks Research cut shares of ACNB from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings restated a “buy (b-)” rating on shares of ACNB in a report on Monday, December 29th. Finally, Wall Street Zen raised ACNB from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.67.

Insider Buying and Selling

In other news, EVP Brett D. Fulk sold 1,486 shares of ACNB stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $48.52, for a total value of $72,100.72. Following the sale, the executive vice president directly owned 1,048 shares in the company, valued at $50,848.96. This trade represents a 58.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin J. Hayes sold 750 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $51.30, for a total transaction of $38,475.00. Following the transaction, the senior vice president owned 2,632 shares of the company’s stock, valued at $135,021.60. The trade was a 22.18% decrease in their position. The SEC filing for this sale provides additional information. 3.53% of the stock is owned by company insiders.

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.