BidaskClub upgraded shares of ACNB (NASDAQ:ACNB) from a buy rating to a strong-buy rating in a research note published on Tuesday.
ACNB opened at $34.88 on Tuesday. ACNB has a 12-month low of $26.80 and a 12-month high of $41.45. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.56. The company has a market cap of $261.84 million, a price-to-earnings ratio of 13.53 and a beta of 0.34.
ACNB (NASDAQ:ACNB) last posted its quarterly earnings results on Monday, July 23rd. The bank reported $0.78 earnings per share (EPS) for the quarter. ACNB had a net margin of 19.29% and a return on equity of 12.38%. The company had revenue of $18.41 million during the quarter.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Thursday, August 30th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Wednesday, August 29th.
In other ACNB news, EVP Tom N. Rasmussen purchased 1,000 shares of ACNB stock in a transaction on Monday, September 24th. The stock was bought at an average cost of $38.21 per share, with a total value of $38,210.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have acquired a total of 1,624 shares of company stock valued at $60,985 over the last three months. 3.82% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its position in ACNB by 12.6% during the 2nd quarter. BlackRock Inc. now owns 332,796 shares of the bank’s stock worth $11,332,000 after buying an additional 37,252 shares during the last quarter. Renaissance Technologies LLC raised its position in ACNB by 25.2% during the 2nd quarter. Renaissance Technologies LLC now owns 74,100 shares of the bank’s stock worth $2,523,000 after buying an additional 14,921 shares during the last quarter. Northern Trust Corp raised its position in ACNB by 6.6% during the 2nd quarter. Northern Trust Corp now owns 66,151 shares of the bank’s stock worth $2,253,000 after buying an additional 4,114 shares during the last quarter. Dimensional Fund Advisors LP raised its position in ACNB by 33.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 64,791 shares of the bank’s stock worth $2,206,000 after buying an additional 16,197 shares during the last quarter. Finally, Martingale Asset Management L P purchased a new position in ACNB during the 2nd quarter worth approximately $539,000. 20.80% of the stock is owned by institutional investors.
ACNB Corporation operates as the financial holding company for ACNB Bank that provides various banking and financial services to individual, business, and government customers primarily in Pennsylvania. The company accepts deposit products, including interest and non-interest checking, savings, and money market accounts, as well as time deposits.
Read More: Initial Public Offering (IPO)
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