ACNB Corporation (NASDAQ:ACNB) Stock Rated “Hold” by Wall Street Analysts

Shares of ACNB Corporation (NASDAQ:ACNB) have received a consensus rating of “Hold” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $64.50.

Several brokerages have recently weighed in on ACNB. Piper Sandler upped their target price on ACNB from $58.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of ACNB in a report on Tuesday, July 21st. Finally, Hovde Group boosted their price target on ACNB from $57.00 to $64.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th.

ACNB Stock Performance

Shares of NASDAQ:ACNB opened at $63.78 on Tuesday. The business has a 50-day moving average of $64.35 and a two-hundred day moving average of $57.62. The firm has a market capitalization of $648.64 million, a PE ratio of 12.10 and a beta of 0.87. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.94 and a quick ratio of 0.93. ACNB has a 12 month low of $42.52 and a 12 month high of $67.60.

ACNB (NASDAQ:ACNB) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $1.49 earnings per share for the quarter, beating 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 business had revenue of $42.82 million for the quarter, compared to analyst estimates of $42.21 million. As a group, research analysts forecast that ACNB will post 5.72 earnings per share for the current year.

ACNB Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.42 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.6%. ACNB’s dividend payout ratio (DPR) is currently 31.88%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. First United Bank & Trust purchased a new stake in shares of ACNB during the first quarter worth about $47,000. Legal & General Group Plc acquired a new stake in ACNB during the 2nd quarter valued at approximately $59,000. Allworth Financial LP purchased a new stake in ACNB during the 2nd quarter worth approximately $66,000. Cassaday & Co Wealth Management LLC purchased a new stake in ACNB during the 1st quarter worth approximately $71,000. Finally, Rodgers & Associates LTD acquired a new position in shares of ACNB in the 2nd quarter valued at approximately $215,000. 32.35% of the stock is currently owned by hedge funds and other institutional investors.

About ACNB

ACNB Corporation is a financial holding company headquartered in Gettysburg, Pennsylvania. Through its principal subsidiary, ACNB Bank, the company provides a range of banking and financial services to individuals, families, farmers and businesses.

ACNB Bank offers deposit accounts, residential and commercial real estate loans, business lending, consumer loans, mortgage services, electronic banking and wealth management services. The bank serves customers through community banking offices and digital channels in south-central Pennsylvania and parts of Maryland.

ACNB Corporation also provides insurance services through its insurance subsidiary, offering products such as property and casualty, personal, commercial, employee benefits and life insurance.