Equitable Trust Co. Acquires New Holdings in ACNB Corporation $ACNB

Equitable Trust Co. acquired a new stake in ACNB Corporation (NASDAQ:ACNB) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 8,280 shares of the bank’s stock, valued at approximately $355,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in ACNB by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,942 shares of the bank’s stock valued at $203,000 after buying an additional 234 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in ACNB in the 1st quarter valued at about $203,000. Cubist Systematic Strategies LLC purchased a new stake in ACNB in the 1st quarter valued at about $213,000. Bare Financial Services Inc purchased a new stake in ACNB in the 1st quarter valued at about $347,000. Finally, Voya Investment Management LLC raised its holdings in ACNB by 31.8% in the 1st quarter. Voya Investment Management LLC now owns 8,978 shares of the bank’s stock valued at $370,000 after buying an additional 2,166 shares during the period. 32.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on ACNB shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of ACNB in a research note on Wednesday, October 8th. Raymond James Financial lowered shares of ACNB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.25.

ACNB Stock Down 0.9%

Shares of NASDAQ:ACNB opened at $44.20 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.94. The firm has a market capitalization of $462.69 million, a PE ratio of 16.43 and a beta of 0.95. The firm’s 50-day moving average is $44.53 and its two-hundred day moving average is $42.87. ACNB Corporation has a 1 year low of $35.70 and a 1 year high of $50.72.

ACNB (NASDAQ:ACNB) last announced its quarterly earnings data on Thursday, July 24th. The bank reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.03). ACNB had a return on equity of 10.22% and a net margin of 15.64%.The company had revenue of $39.69 million for the quarter, compared to analyst estimates of $38.85 million. Analysts predict that ACNB Corporation will post 3.22 EPS for the current year.

ACNB Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.1%. ACNB’s payout ratio is currently 50.56%.

ACNB Company Profile

ACNB Corporation, a financial holding company, offers banking, insurance, and financial services to individual, business, and government customers in the United States. The company provides checking, savings, and money market deposit accounts, as well as time deposits and debit cards. It also offers commercial lending products, such as commercial mortgages, real estate development and construction loans, accounts receivable and inventory financing, and agricultural and governmental loans; consumer lending products, including home equity loans and lines of credit, automobile and recreational vehicle loans, manufactured housing loans, and personal lines of credit; and mortgage lending programs include personal residential mortgages, and residential construction and investment mortgage loans.