ACNB (NASDAQ:ACNB) Rating Lowered to Hold at Wall Street Zen

ACNB (NASDAQ:ACNB) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ACNB in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, ACNB has a consensus rating of “Buy” and an average target price of $48.67.

ACNB Trading Down 2.2%

Shares of ACNB stock opened at $50.40 on Friday. The firm has a fifty day moving average price of $50.17 and a 200 day moving average price of $47.61. The stock has a market cap of $523.66 million, a PE ratio of 14.24 and a beta of 0.86. ACNB has a 1 year low of $35.70 and a 1 year high of $53.89. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.96 and a quick ratio of 0.95.

ACNB (NASDAQ:ACNB) last issued its earnings results on Thursday, January 22nd. The bank reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. ACNB had a return on equity of 12.77% and a net margin of 19.32%.The firm had revenue of $40.74 million for the quarter, compared to the consensus estimate of $39.69 million. Equities research analysts predict that ACNB will post 3.22 earnings per share for the current year.

Insider Transactions at ACNB

In other news, Director Donald Arthur Seibel, Jr. sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $51.00, for a total transaction of $255,000.00. Following the completion of the sale, the director owned 5,927 shares of the company’s stock, valued at $302,277. The trade was a 45.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brett D. Fulk sold 1,486 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $48.52, for a total transaction of $72,100.72. Following the completion of the transaction, the executive vice president directly owned 1,048 shares in the company, valued at $50,848.96. This represents a 58.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 10,009 shares of company stock valued at $510,520 over the last 90 days. Corporate insiders own 3.53% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Private Capital Management LLC raised its holdings in ACNB by 9.9% in the 3rd quarter. Private Capital Management LLC now owns 345,626 shares of the bank’s stock valued at $15,221,000 after buying an additional 31,113 shares during the period. Maltese Capital Management LLC increased its position in shares of ACNB by 112.3% during the third quarter. Maltese Capital Management LLC now owns 50,700 shares of the bank’s stock valued at $2,233,000 after acquiring an additional 26,820 shares during the last quarter. Geode Capital Management LLC increased its position in shares of ACNB by 11.5% during the second quarter. Geode Capital Management LLC now owns 243,474 shares of the bank’s stock valued at $10,432,000 after acquiring an additional 25,142 shares during the last quarter. Informed Momentum Co LLC acquired a new position in shares of ACNB in the 4th quarter worth approximately $1,053,000. Finally, Financial Consulate Inc. purchased a new position in shares of ACNB during the 3rd quarter worth approximately $589,000. 32.35% of the stock is owned by institutional investors and hedge funds.

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.