ACNB Co. (NASDAQ:ACNB) Short Interest Update

ACNB Co. (NASDAQ:ACNB) was the recipient of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 60,000 shares, a decrease of 75.5% from the January 31st total of 245,000 shares. Based on an average daily trading volume, of 25,400 shares, the short-interest ratio is currently 2.4 days.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On ACNB

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACNB. Barclays PLC raised its holdings in shares of ACNB by 286.7% during the 3rd quarter. Barclays PLC now owns 10,807 shares of the bank’s stock worth $472,000 after acquiring an additional 8,012 shares in the last quarter. State Street Corp increased its position in ACNB by 3.5% in the third quarter. State Street Corp now owns 142,024 shares of the bank’s stock worth $6,202,000 after purchasing an additional 4,851 shares during the last quarter. Franklin Resources Inc. bought a new stake in ACNB in the third quarter worth $221,000. The Manufacturers Life Insurance Company raised its stake in ACNB by 13.5% during the third quarter. The Manufacturers Life Insurance Company now owns 116,196 shares of the bank’s stock valued at $5,074,000 after purchasing an additional 13,840 shares in the last quarter. Finally, FMR LLC lifted its position in ACNB by 3.9% during the third quarter. FMR LLC now owns 570,731 shares of the bank’s stock valued at $24,924,000 after purchasing an additional 21,358 shares during the last quarter. 32.35% of the stock is owned by institutional investors.

ACNB Stock Up 0.4 %

NASDAQ ACNB opened at $40.97 on Friday. 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 has a 12 month low of $30.24 and a 12 month high of $50.72. The stock’s 50 day moving average is $40.07 and its 200 day moving average is $42.28. The stock has a market cap of $350.25 million, a PE ratio of 10.98 and a beta of 0.65.

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

ACNB Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.28 annualized dividend and a dividend yield of 3.12%. ACNB’s dividend payout ratio (DPR) is 34.32%.

About ACNB

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.