ACNB Co. (NASDAQ:ACNB) Short Interest Update

ACNB Co. (NASDAQ:ACNB) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 235,100 shares, a growth of 8.4% from the October 31st total of 216,800 shares. Currently, 2.9% of the shares of the stock are short sold. Based on an average daily volume of 17,400 shares, the short-interest ratio is presently 13.5 days.

Institutional Investors Weigh In On ACNB

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in ACNB by 1.4% in the first quarter. Vanguard Group Inc. now owns 425,755 shares of the bank’s stock valued at $16,008,000 after acquiring an additional 5,724 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of ACNB by 8.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 30,534 shares of the bank’s stock worth $1,107,000 after purchasing an additional 2,437 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in ACNB by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 253,306 shares of the bank’s stock worth $9,186,000 after buying an additional 5,119 shares during the last quarter. Renaissance Technologies LLC lifted its stake in ACNB by 1.7% during the second quarter. Renaissance Technologies LLC now owns 17,856 shares of the bank’s stock worth $648,000 after purchasing an additional 300 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of ACNB in the 3rd quarter valued at about $128,000. 32.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on ACNB shares. StockNews.com upgraded shares of ACNB from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Janney Montgomery Scott assumed coverage on shares of ACNB in a research report on Tuesday, November 19th. They issued a “buy” rating and a $53.00 target price on the stock.

ACNB Stock Down 0.2 %

ACNB stock opened at $46.86 on Monday. ACNB has a one year low of $30.24 and a one year high of $50.72. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.94 and a current ratio of 0.94. The company has a fifty day moving average of $44.38 and a 200-day moving average of $39.44. The stock has a market capitalization of $400.65 million, a PE ratio of 13.62 and a beta of 0.61.

ACNB (NASDAQ:ACNB) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.04). The company had revenue of $34.07 million during the quarter, compared to analysts’ expectations of $27.51 million. ACNB had a net margin of 23.43% and a return on equity of 10.18%. As a group, analysts expect that ACNB will post 3.56 EPS for the current year.

ACNB Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, November 29th. ACNB’s payout ratio is 37.21%.

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.