ACNB (NASDAQ:ACNB) Now Covered by Janney Montgomery Scott

Janney Montgomery Scott began coverage on shares of ACNB (NASDAQ:ACNB) in a research report report published on Tuesday, Marketbeat.com reports. The brokerage issued a buy rating and a $53.00 price target on the bank’s stock.

Several other research analysts have also recently issued reports on ACNB. StockNews.com raised ACNB from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Hovde Group upgraded shares of ACNB from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Wednesday, July 31st.

ACNB Stock Performance

Shares of ACNB opened at $47.13 on Tuesday. The firm has a market capitalization of $402.96 million, a PE ratio of 13.70 and a beta of 0.61. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.94 and a quick ratio of 0.94. The company has a 50-day simple moving average of $43.57 and a two-hundred day simple moving average of $38.68. ACNB has a one year low of $30.24 and a one year high of $50.72.

ACNB (NASDAQ:ACNB) last released its earnings results on Thursday, October 24th. The bank reported $0.84 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.04). The company had revenue of $34.07 million during the quarter, compared to the consensus estimate of $27.51 million. ACNB had a return on equity of 10.18% and a net margin of 23.43%. On average, analysts anticipate that ACNB will post 3.3 EPS for the current fiscal year.

ACNB Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.72%. The ex-dividend date is Friday, November 29th. ACNB’s payout ratio is 37.21%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in ACNB in the third quarter valued at $128,000. BNP Paribas Financial Markets boosted its holdings in ACNB by 83.3% in the 1st quarter. BNP Paribas Financial Markets now owns 4,091 shares of the bank’s stock worth $154,000 after buying an additional 1,859 shares during the last quarter. Haverford Trust Co purchased a new stake in ACNB during the 3rd quarter worth approximately $200,000. Martingale Asset Management L P acquired a new position in shares of ACNB during the third quarter valued at approximately $223,000. Finally, SPC Financial Inc. purchased a new position in shares of ACNB in the third quarter valued at approximately $271,000. 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.