ACNB (NASDAQ:ACNB) Rating Increased to Hold at StockNews.com

ACNB (NASDAQ:ACNB) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

ACNB Price Performance

Shares of NASDAQ:ACNB opened at $33.13 on Tuesday. ACNB has a one year low of $27.00 and a one year high of $48.55. The stock has a fifty day moving average of $34.75 and a 200-day moving average of $38.10. The company has a market capitalization of $281.94 million, a PE ratio of 9.58 and a beta of 0.60. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.87 and a current ratio of 0.87.

ACNB (NASDAQ:ACNB) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. ACNB had a return on equity of 11.18% and a net margin of 24.98%. The company had revenue of $31.64 million during the quarter, compared to the consensus estimate of $26.28 million. As a group, equities analysts anticipate that ACNB will post 3.4 EPS for the current fiscal year.

Hedge Funds Weigh In On ACNB

Several hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in shares of ACNB by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 30,627 shares of the bank’s stock valued at $968,000 after buying an additional 326 shares during the period. Allworth Financial LP acquired a new stake in shares of ACNB in the fourth quarter valued at approximately $31,000. LSV Asset Management grew its holdings in ACNB by 2.6% during the 3rd quarter. LSV Asset Management now owns 27,598 shares of the bank’s stock worth $872,000 after acquiring an additional 709 shares during the period. SG Americas Securities LLC grew its holdings in ACNB by 21.0% during the 4th quarter. SG Americas Securities LLC now owns 4,585 shares of the bank’s stock worth $205,000 after acquiring an additional 795 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in ACNB by 83.3% during the 1st quarter. BNP Paribas Financial Markets now owns 4,091 shares of the bank’s stock worth $154,000 after acquiring an additional 1,859 shares during the period. 32.35% of the stock is owned by institutional investors and hedge funds.

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.