ACNB Co. (NASDAQ:ACNB) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its position in ACNB Co. (NASDAQ:ACNB) by 431.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,505 shares of the bank’s stock after buying an additional 1,222 shares during the quarter. Tower Research Capital LLC TRC’s holdings in ACNB were worth $60,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Barclays PLC raised its position in ACNB by 286.7% in the 3rd quarter. Barclays PLC now owns 10,807 shares of the bank’s stock valued at $472,000 after purchasing an additional 8,012 shares during the last quarter. JPMorgan Chase & Co. increased its stake in ACNB by 95.5% in the third quarter. JPMorgan Chase & Co. now owns 11,148 shares of the bank’s stock valued at $487,000 after purchasing an additional 5,447 shares during the period. Ellsworth Advisors LLC raised its holdings in shares of ACNB by 11.6% in the fourth quarter. Ellsworth Advisors LLC now owns 13,979 shares of the bank’s stock valued at $557,000 after buying an additional 1,448 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of ACNB by 35.3% during the fourth quarter. SG Americas Securities LLC now owns 3,963 shares of the bank’s stock worth $158,000 after buying an additional 1,035 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of ACNB during the fourth quarter worth about $92,000. 32.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Piper Sandler upgraded ACNB from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $37.00 to $50.00 in a research report on Monday, March 3rd. Raymond James started coverage on ACNB in a report on Friday, March 21st. They issued an “outperform” rating and a $47.00 target price on the stock. StockNews.com downgraded ACNB from a “hold” rating to a “sell” rating in a report on Monday, April 28th. Finally, UBS Group set a $47.00 price objective on shares of ACNB in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $48.40.

ACNB Price Performance

ACNB stock opened at $42.84 on Monday. The company has a market cap of $451.66 million, a P/E ratio of 11.49 and a beta of 0.83. ACNB Co. has a one year low of $30.24 and a one year high of $50.72. The business has a fifty day moving average of $40.93 and a two-hundred day moving average of $42.02. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.94 and a current ratio of 0.94.

ACNB (NASDAQ:ACNB) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $1.03 EPS for the quarter, beating the consensus estimate of $0.94 by $0.09. ACNB had a net margin of 24.09% and a return on equity of 10.91%. The firm had revenue of $34.27 million during the quarter, compared to analysts’ expectations of $32.65 million. As a group, analysts predict that ACNB Co. will post 3.22 earnings per share for the current fiscal year.

ACNB Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.34 per share. This is an increase from ACNB’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 3.17%. The ex-dividend date is Friday, May 30th. ACNB’s dividend payout ratio (DPR) is 46.90%.

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.