ACNB Corporation (NASDAQ:ACNB – Get Free Report) has received an average rating of “Hold” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $57.50.
Several equities research analysts recently issued reports on the company. Zacks Research lowered ACNB from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Piper Sandler reissued an “overweight” rating and set a $58.00 price objective (up from $57.00) on shares of ACNB in a research note on Tuesday, April 28th. Hovde Group reissued a “market perform” rating and set a $57.00 price objective (up from $56.00) on shares of ACNB in a research note on Wednesday. Weiss Ratings raised ACNB from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Finally, Wall Street Zen lowered ACNB from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th.
View Our Latest Analysis on ACNB
Institutional Investors Weigh In On ACNB
ACNB Price Performance
NASDAQ:ACNB opened at $55.06 on Wednesday. The firm has a market capitalization of $562.27 million, a price-to-earnings ratio of 11.26 and a beta of 0.87. ACNB has a 52-week low of $40.15 and a 52-week high of $55.55. The stock has a fifty day moving average of $50.47 and a 200 day moving average of $49.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 0.94.
ACNB (NASDAQ:ACNB – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.06. The company had revenue of $40.79 million during the quarter, compared to analyst estimates of $41.07 million. ACNB had a return on equity of 13.15% and a net margin of 25.66%. On average, research analysts expect that ACNB will post 5.49 EPS for the current fiscal year.
ACNB Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.42 per share. The ex-dividend date is Monday, June 1st. This is a positive change from ACNB’s previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a yield of 3.1%. ACNB’s dividend payout ratio (DPR) is 34.36%.
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.
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