Barclays PLC Has $472,000 Stake in ACNB Co. (NASDAQ:ACNB)

Barclays PLC raised its position in shares of ACNB Co. (NASDAQ:ACNB) by 286.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,807 shares of the bank’s stock after acquiring an additional 8,012 shares during the period. Barclays PLC owned approximately 0.13% of ACNB worth $472,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in ACNB by 3.5% in the 3rd 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. Martingale Asset Management L P acquired a new stake in ACNB during the third quarter worth about $223,000. BNP Paribas Financial Markets grew its position in ACNB by 352.3% during the third quarter. BNP Paribas Financial Markets now owns 6,612 shares of the bank’s stock worth $289,000 after buying an additional 5,150 shares in the last quarter. FMR LLC increased its stake 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 acquiring an additional 21,358 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in ACNB by 13.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 116,196 shares of the bank’s stock valued at $5,074,000 after acquiring an additional 13,840 shares in the last quarter. 32.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ACNB. Janney Montgomery Scott started coverage on shares of ACNB in a research note on Tuesday, November 19th. They set a “buy” rating and a $53.00 price target on the stock. StockNews.com raised shares of ACNB from a “sell” rating to a “hold” rating in a report on Friday, November 15th.

ACNB Trading Down 3.3 %

NASDAQ ACNB opened at $38.53 on Friday. ACNB Co. 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 current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $329.39 million, a P/E ratio of 11.20 and a beta of 0.63. The stock’s 50-day moving average is $44.68 and its 200-day moving average is $41.31.

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

ACNB Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.32 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.28 annualized dividend and a yield of 3.32%. ACNB’s dividend 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.