ACNB Co. (NASDAQ:ACNB) Short Interest Up 5.6% in January

ACNB Co. (NASDAQ:ACNB) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 245,000 shares, a growth of 5.6% from the January 15th total of 231,900 shares. Based on an average trading volume of 24,200 shares, the short-interest ratio is currently 10.1 days.

ACNB Trading Up 1.1 %

Shares of NASDAQ:ACNB opened at $41.53 on Monday. ACNB has a 12-month low of $30.24 and a 12-month high of $50.72. The company has a market capitalization of $355.08 million, a PE ratio of 11.13 and a beta of 0.65. The business has a 50 day moving average of $40.86 and a two-hundred day moving average of $42.11. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.83.

ACNB (NASDAQ:ACNB) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.06). ACNB had a net margin of 24.09% and a return on equity of 10.91%. As a group, analysts forecast that ACNB will post 3.22 EPS for the current year.

ACNB Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Friday, February 28th. ACNB’s payout ratio is 34.32%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Rhumbline Advisers raised its stake in shares of ACNB by 2.2% during the 4th quarter. Rhumbline Advisers now owns 12,405 shares of the bank’s stock worth $494,000 after buying an additional 268 shares during the period. RKL Wealth Management LLC grew its holdings in ACNB by 3.3% in the 3rd quarter. RKL Wealth Management LLC now owns 10,098 shares of the bank’s stock valued at $441,000 after buying an additional 326 shares in the last quarter. Northern Trust Corp grew its holdings in ACNB by 0.9% in the 4th quarter. Northern Trust Corp now owns 68,638 shares of the bank’s stock valued at $2,734,000 after buying an additional 618 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in ACNB by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 24,524 shares of the bank’s stock valued at $977,000 after buying an additional 785 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in ACNB by 35.3% in the 4th quarter. SG Americas Securities LLC now owns 3,963 shares of the bank’s stock valued at $158,000 after buying an additional 1,035 shares in the last quarter. 32.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com raised ACNB from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Janney Montgomery Scott assumed coverage on ACNB in a report on Tuesday, November 19th. They set a “buy” rating and a $53.00 target price for the company.

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.