ACNB (NASDAQ:ACNB) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of ACNB (NASDAQ:ACNB) from a buy rating to a hold rating in a research report released on Saturday morning.

ACNB has been the topic of several other reports. Weiss Ratings reissued a “buy (b-)” rating on shares of ACNB in a report on Monday, December 29th. Zacks Research downgraded shares of ACNB from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ACNB presently has an average rating of “Moderate Buy” and an average target price of $52.00.

ACNB Stock Performance

NASDAQ:ACNB opened at $46.00 on Friday. The stock has a fifty day moving average price of $49.79 and a 200-day moving average price of $47.84. The company has a market cap of $476.10 million, a price-to-earnings ratio of 12.99 and a beta of 0.86. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.94 and a current ratio of 0.95. ACNB has a fifty-two week low of $35.70 and a fifty-two week high of $53.89.

ACNB (NASDAQ:ACNB) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. The company had revenue of $40.74 million for the quarter, compared to analysts’ expectations of $39.69 million. ACNB had a return on equity of 12.58% and a net margin of 19.32%. As a group, equities analysts anticipate that ACNB will post 3.22 EPS for the current fiscal year.

ACNB Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a $0.38 dividend. The ex-dividend date was Friday, February 27th. This represents a $1.52 dividend on an annualized basis and a yield of 3.3%. ACNB’s dividend payout ratio (DPR) is currently 42.94%.

Insiders Place Their Bets

In related news, EVP Brett D. Fulk sold 1,486 shares of the firm’s stock in a transaction 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 $50,848.96. This trade represents a 58.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Kevin J. Hayes sold 750 shares of the business’s stock in a transaction 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 sale, 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. Insiders own 3.53% of the company’s stock.

Hedge Funds Weigh In On ACNB

Several large investors have recently bought and sold shares of ACNB. Allworth Financial LP grew its holdings in shares of ACNB by 42.9% during the second quarter. Allworth Financial LP now owns 1,000 shares of the bank’s stock worth $43,000 after purchasing an additional 300 shares during the last quarter. Russell Investments Group Ltd. bought a new position in ACNB in the 3rd quarter valued at approximately $45,000. BNP Paribas Financial Markets boosted its position in ACNB by 56.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,036 shares of the bank’s stock worth $44,000 after buying an additional 374 shares during the period. Tripletail Wealth Management LLC bought a new stake in ACNB during the 3rd quarter worth approximately $46,000. Finally, Tower Research Capital LLC TRC grew its holdings in 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 last quarter. 32.35% of the stock is currently owned by institutional investors.

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.