ACNB (NASDAQ:ACNB) Coverage Initiated by Analysts at StockNews.com

Posted by on Oct 6th, 2023

Equities researchers at StockNews.com assumed coverage on shares of ACNB (NASDAQ:ACNB – Get Free Report) in a research report issued on Thursday. The brokerage set a “hold” rating on the bank’s stock.

ACNB Trading Up 0.2 %

Shares of ACNB stock opened at $32.39 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.32. The firm has a market cap of $277.26 million, a price-to-earnings ratio of 7.07 and a beta of 0.40. ACNB has a twelve month low of $27.00 and a twelve month high of $41.28. The business has a 50-day moving average price of $33.10 and a 200-day moving average price of $32.11.

ACNB (NASDAQ:ACNB – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.08. ACNB had a return on equity of 15.78% and a net margin of 33.15%. The business had revenue of $28.18 million for the quarter, compared to analysts’ expectations of $28.02 million. Equities research analysts anticipate that ACNB will post 4.19 EPS for the current fiscal year.

Institutional Investors Weigh In On ACNB

Several large investors have recently added to or reduced their stakes in ACNB. Bank of New York Mellon Corp lifted its stake in shares of ACNB by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 28,411 shares of the bank’s stock valued at $993,000 after purchasing an additional 891 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of ACNB by 29.6% in the 1st quarter. American Century Companies Inc. now owns 28,918 shares of the bank’s stock worth $1,011,000 after acquiring an additional 6,603 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in ACNB by 37.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,864 shares of the bank’s stock valued at $415,000 after purchasing an additional 3,242 shares during the last quarter. Citigroup Inc. purchased a new stake in ACNB in the 1st quarter worth about $140,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of ACNB by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 172,156 shares of the bank’s stock valued at $6,017,000 after buying an additional 9,196 shares during the last quarter. 30.03% of the stock is owned by institutional investors.

ACNB Company Profile

(Get Free Report)

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.

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