7,761 Shares in ACNB Corporation $ACNB Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in ACNB Corporation (NASDAQ:ACNB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,761 shares of the bank’s stock, valued at approximately $461,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACNB. BNP Paribas Financial Markets boosted its stake in shares of ACNB by 56.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,036 shares of the bank’s stock worth $44,000 after buying an additional 374 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of ACNB during the third quarter valued at approximately $45,000. First United Bank & Trust bought a new stake in ACNB during the first quarter worth $47,000. Legal & General Group Plc bought a new stake in ACNB during the second quarter worth $59,000. Finally, Allworth Financial LP purchased a new position in ACNB in the second quarter worth $66,000. Hedge funds and other institutional investors own 32.35% of the company’s stock.

ACNB Stock Performance

NASDAQ ACNB opened at $65.20 on Thursday. The firm has a market cap of $663.08 million, a P/E ratio of 12.37 and a beta of 0.86. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $62.59 and its 200-day moving average is $55.44. ACNB Corporation has a 12-month low of $42.52 and a 12-month high of $66.53.

ACNB (NASDAQ:ACNB) last released its quarterly earnings data 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 net margin of 27.15% and a return on equity of 13.78%. The company had revenue of $42.82 million during the quarter, compared to the consensus estimate of $42.21 million. Sell-side analysts predict that ACNB Corporation will post 5.72 earnings per share for the current year.

ACNB Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.42 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.68 annualized dividend and a dividend yield of 2.6%. ACNB’s payout ratio is 31.88%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ACNB shares. Weiss Ratings restated a “buy (b)” rating on shares of ACNB in a research note on Tuesday, July 21st. Piper Sandler increased their price target on shares of ACNB from $58.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Finally, Hovde Group increased their price target on shares of ACNB from $57.00 to $64.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $64.50.

About ACNB

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.