ACNB Corporation (NASDAQ:ACNB) Stock Has Average Target Price of $64.50 According to Analysts

ACNB Corporation (NASDAQ:ACNB – Get Free Report) has been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $64.50.

ACNB has been the topic of several recent analyst reports. Piper Sandler boosted 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. Hovde Group lifted their price objective on ACNB from $57.00 to $64.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of ACNB in a research report on Tuesday, July 21st.

View Our Latest Report on ACNB

Hedge Funds Weigh In On ACNB

Several institutional investors have recently added to or reduced their stakes in the business. First United Bank & Trust acquired a new stake in shares of ACNB during the 1st quarter worth approximately $47,000. Legal & General Group Plc acquired a new position in shares of ACNB during the 2nd quarter valued at $59,000. Allworth Financial LP bought a new position in ACNB during the second quarter worth $66,000. Cassaday & Co Wealth Management LLC bought a new position in ACNB during the first quarter worth $71,000. Finally, Rodgers & Associates LTD acquired a new stake in ACNB in the second quarter worth $215,000. 32.35% of the stock is owned by institutional investors and hedge funds.

ACNB Stock Performance

ACNB stock opened at $62.89 on Tuesday. The business has a 50 day moving average of $64.31 and a 200-day moving average of $57.57. The company has a market capitalization of $639.59 million, a P/E ratio of 11.93 and a beta of 0.87. ACNB has a 1 year low of $42.52 and a 1 year high of $67.60. 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 – Get Free Report) last announced its earnings results on Thursday, July 23rd. The bank reported $1.49 EPS for the quarter, topping 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 firm had revenue of $42.82 million for the quarter, compared to the consensus estimate of $42.21 million. On average, equities research analysts predict that ACNB will post 5.72 earnings per share for the current year.

ACNB Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.68 annualized dividend and a yield of 2.7%. ACNB’s dividend payout ratio (DPR) is currently 31.88%.

ACNB Company Profile

(Get Free Report)

ACNB Corporation is a financial holding company headquartered in Gettysburg, Pennsylvania. Its principal subsidiary, ACNB Bank, provides community banking services to individuals, families, farmers and businesses.

ACNB Bank offers deposit accounts, residential and commercial real estate loans, consumer and business lending, treasury management, online and mobile banking, and wealth management services. The bank serves customers through branches and other delivery channels in south-central Pennsylvania and parts of northern Maryland.

ACNB Corporation also operates Russell Insurance Group, a full-service insurance agency providing personal, commercial and employee-benefits insurance products.

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Analyst Recommendations for ACNB (NASDAQ:ACNB)

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