ACNB Corporation (NASDAQ:ACNB) Given Consensus Recommendation of “Hold” by Analysts

ACNB Corporation (NASDAQ:ACNBGet 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

A number of large investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC purchased a new stake in ACNB during the first quarter valued at about $548,000. Bank of America Corp DE raised its position in ACNB by 10.0% during the first quarter. Bank of America Corp DE now owns 33,187 shares of the bank’s stock valued at $1,589,000 after purchasing an additional 3,021 shares in the last quarter. Empowered Funds LLC raised its position in ACNB by 9.6% during the first quarter. Empowered Funds LLC now owns 59,757 shares of the bank’s stock valued at $2,861,000 after purchasing an additional 5,252 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in ACNB by 11.9% during 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. Finally, Quantinno Capital Management LP raised its position in ACNB by 23.7% during the first quarter. Quantinno Capital Management LP now owns 13,012 shares of the bank’s stock valued at $623,000 after purchasing an additional 2,490 shares in the last quarter. Hedge funds and other institutional investors own 32.35% of the company’s stock.

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:ACNBGet 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

(Get Free Report)

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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Analyst Recommendations for ACNB (NASDAQ:ACNB)

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