StockNews.com Downgrades ACNB (NASDAQ:ACNB) to Sell

ACNB (NASDAQ:ACNB) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Separately, Hovde Group upgraded ACNB from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Wednesday, July 31st.

ACNB Stock Up 1.4 %

Shares of NASDAQ ACNB opened at $47.55 on Thursday. The firm has a fifty day simple moving average of $42.58 and a two-hundred day simple moving average of $37.91. The firm has a market capitalization of $406.55 million, a PE ratio of 13.82 and a beta of 0.61. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.88. ACNB has a 12 month low of $30.24 and a 12 month high of $50.72.

ACNB (NASDAQ:ACNB) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $0.84 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.04). ACNB had a return on equity of 10.40% and a net margin of 23.43%. The company had revenue of $34.07 million during the quarter, compared to analysts’ expectations of $27.51 million. Equities analysts expect that ACNB will post 3.3 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of ACNB in the third quarter worth $128,000. BNP Paribas Financial Markets grew its position in ACNB by 83.3% during the 1st quarter. BNP Paribas Financial Markets now owns 4,091 shares of the bank’s stock valued at $154,000 after purchasing an additional 1,859 shares during the last quarter. Haverford Trust Co purchased a new stake in ACNB during the 3rd quarter valued at about $200,000. SPC Financial Inc. bought a new stake in ACNB during the 3rd quarter valued at about $271,000. Finally, Thrivent Financial for Lutherans purchased a new position in ACNB in the third quarter worth about $300,000. Hedge funds and other institutional investors own 32.35% of the company’s stock.

ACNB Company Profile

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.