Renaissance Technologies LLC Has $648,000 Stake in ACNB Co. (NASDAQ:ACNB)

Renaissance Technologies LLC boosted its holdings in ACNB Co. (NASDAQ:ACNB) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,856 shares of the bank’s stock after buying an additional 300 shares during the period. Renaissance Technologies LLC owned approximately 0.21% of ACNB worth $648,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of ACNB by 1.4% in the 1st 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 period. Bank of New York Mellon Corp raised its holdings in ACNB by 8.7% in the second 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 period. BNP Paribas Financial Markets boosted its position in shares of ACNB by 83.3% during the first quarter. BNP Paribas Financial Markets now owns 4,091 shares of the bank’s stock worth $154,000 after purchasing an additional 1,859 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of ACNB by 8.2% in the 1st quarter. Empowered Funds LLC now owns 41,756 shares of the bank’s stock valued at $1,570,000 after buying an additional 3,150 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of ACNB by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 253,306 shares of the bank’s stock valued at $9,186,000 after buying an additional 5,119 shares in the last quarter. 32.35% of the stock is owned by institutional investors.

ACNB Trading Down 0.9 %

ACNB stock opened at $42.06 on Wednesday. ACNB Co. has a one year low of $30.24 and a one year high of $48.55. The stock has a market cap of $359.19 million, a price-to-earnings ratio of 12.16 and a beta of 0.60. The company has a fifty day moving average price of $40.79 and a two-hundred day moving average price of $36.51. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.93 and a quick ratio of 0.93.

ACNB (NASDAQ:ACNB) last released its quarterly earnings results on Wednesday, July 24th. The bank reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.48. The business had revenue of $33.30 million during the quarter, compared to the consensus estimate of $26.66 million. ACNB had a return on equity of 11.32% and a net margin of 25.62%. Equities analysts anticipate that ACNB Co. will post 3.3 EPS for the current year.

ACNB Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.32 per share. The ex-dividend date was Friday, August 30th. This represents a $1.28 annualized dividend and a dividend yield of 3.04%. ACNB’s dividend payout ratio is currently 36.99%.

Analyst Upgrades and Downgrades

ACNB has been the topic of several recent analyst reports. Hovde Group upgraded ACNB from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Wednesday, July 31st. StockNews.com upgraded ACNB from a “sell” rating to a “hold” rating in a report on Thursday, July 25th.

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.