ACNB Co. (NASDAQ:ACNB) Short Interest Update

ACNB Co. (NASDAQ:ACNB) saw a large decrease in short interest during the month of 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 volume of 25,400 shares, the short-interest ratio is presently 2.4 days.

Institutional Trading of ACNB

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC grew its holdings in 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 raised its holdings in shares of ACNB by 3.5% in the 3rd quarter. State Street Corp now owns 142,024 shares of the bank’s stock valued at $6,202,000 after purchasing an additional 4,851 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of ACNB in the 3rd quarter worth approximately $221,000. The Manufacturers Life Insurance Company boosted its stake in shares of 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 increased its holdings 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 buying an additional 21,358 shares during the period. 32.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. StockNews.com upgraded 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 research note on Tuesday, November 19th. They set a “buy” rating and a $53.00 price target for the company.

ACNB Price Performance

ACNB stock opened at $40.97 on Friday. 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 stock has a market cap of $350.25 million, a price-to-earnings ratio of 10.98 and a beta of 0.65. The firm has a 50-day moving average of $40.07 and a two-hundred day moving average of $42.28. ACNB has a 1 year low of $30.24 and a 1 year high of $50.72.

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%. On average, research analysts forecast that ACNB will post 3.22 earnings per share for the current year.

ACNB Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Friday, February 28th. ACNB’s payout ratio is 34.32%.

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.