Segall Bryant & Hamill LLC Invests $548,000 in ACNB Corporation $ACNB

Segall Bryant & Hamill LLC purchased a new position in shares of ACNB Corporation (NASDAQ:ACNB) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,692 shares of the bank’s stock, valued at approximately $548,000. Segall Bryant & Hamill LLC owned approximately 0.11% of ACNB as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Private Capital Management LLC increased its position in shares of ACNB by 7.3% in the fourth quarter. Private Capital Management LLC now owns 370,742 shares of the bank’s stock valued at $17,925,000 after acquiring an additional 25,116 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in ACNB by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 334,844 shares of the bank’s stock valued at $16,029,000 after purchasing an additional 14,789 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in ACNB by 11.9% in the first quarter. The Manufacturers Life Insurance Company now owns 162,978 shares of the bank’s stock valued at $7,802,000 after purchasing an additional 17,337 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of ACNB by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 148,523 shares of the bank’s stock worth $6,363,000 after purchasing an additional 1,224 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of ACNB by 5.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 105,905 shares of the bank’s stock worth $5,121,000 after purchasing an additional 5,218 shares during the last quarter. 32.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ACNB shares. Weiss Ratings restated a “buy (b)” rating on shares of ACNB in a report on Tuesday, July 21st. Hovde Group lifted their price objective on shares of ACNB from $57.00 to $64.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Wall Street Zen lowered shares of ACNB from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. Finally, Piper Sandler upped their target price on shares of ACNB from $58.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.50.

ACNB Trading Down 0.3%

Shares of ACNB stock opened at $65.01 on Friday. The business has a fifty day simple moving average of $59.39 and a two-hundred day simple moving average of $53.64. ACNB Corporation has a 1 year low of $41.33 and a 1 year high of $65.94. The company has a market capitalization of $663.75 million, a price-to-earnings ratio of 12.34 and a beta of 0.86. 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 (NASDAQ:ACNB) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. ACNB had a net margin of 27.15% and a return on equity of 13.83%. The firm had revenue of $42.82 million for the quarter, compared to the consensus estimate of $42.21 million. Research analysts forecast that ACNB Corporation will post 5.72 EPS for the current year.

ACNB Announces Dividend

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

ACNB 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.