State Street Corp Has $6.20 Million Holdings in ACNB Co. (NASDAQ:ACNB)

State Street Corp boosted its holdings in ACNB Co. (NASDAQ:ACNB) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,024 shares of the bank’s stock after purchasing an additional 4,851 shares during the quarter. State Street Corp owned about 1.66% of ACNB worth $6,202,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ACNB. Renaissance Technologies LLC raised its position in ACNB by 1.7% in the 2nd quarter. Renaissance Technologies LLC now owns 17,856 shares of the bank’s stock valued at $648,000 after buying an additional 300 shares during the last quarter. RKL Wealth Management LLC grew its stake in shares of ACNB by 3.3% in the 3rd quarter. RKL Wealth Management LLC now owns 10,098 shares of the bank’s stock worth $441,000 after acquiring an additional 326 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of ACNB by 5.4% in the third quarter. Empowered Funds LLC now owns 47,408 shares of the bank’s stock valued at $2,070,000 after purchasing an additional 2,412 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of ACNB by 8.7% during the second quarter. Bank of New York Mellon Corp now owns 30,534 shares of the bank’s stock valued at $1,107,000 after purchasing an additional 2,437 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in ACNB during the third quarter worth about $128,000. 32.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ACNB shares. Janney Montgomery Scott began coverage on shares of ACNB in a research report on Tuesday, November 19th. They set a “buy” rating and a $53.00 target price on the stock. StockNews.com raised ACNB from a “sell” rating to a “hold” rating in a research report on Friday, November 15th.

ACNB Trading Down 3.2 %

NASDAQ:ACNB opened at $39.64 on Friday. ACNB Co. has a 12 month low of $30.24 and a 12 month high of $50.72. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $44.97 and its 200 day moving average is $41.09. The stock has a market capitalization of $338.88 million, a PE ratio of 11.52 and a beta of 0.63.

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

ACNB Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Friday, November 29th. ACNB’s payout ratio is 37.21%.

ACNB 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.