2,928 Shares in ACNB Co. (NASDAQ:ACNB) Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in ACNB Co. (NASDAQ:ACNB) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,928 shares of the bank’s stock, valued at approximately $128,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in ACNB by 83.3% during the 1st quarter. BNP Paribas Financial Markets now owns 4,091 shares of the bank’s stock valued at $154,000 after acquiring an additional 1,859 shares during the period. Empowered Funds LLC raised its holdings in shares of ACNB by 8.2% during the first quarter. Empowered Funds LLC now owns 41,756 shares of the bank’s stock worth $1,570,000 after purchasing an additional 3,150 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of ACNB by 1.4% during the first quarter. Vanguard Group Inc. now owns 425,755 shares of the bank’s stock worth $16,008,000 after purchasing an additional 5,724 shares during the last quarter. Bank of New York Mellon Corp lifted its position in ACNB by 8.7% during the second quarter. Bank of New York Mellon Corp now owns 30,534 shares of the bank’s stock valued at $1,107,000 after purchasing an additional 2,437 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in ACNB by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 253,306 shares of the bank’s stock valued at $9,186,000 after purchasing an additional 5,119 shares during the last quarter. Institutional investors and hedge funds own 32.35% of the company’s stock.

Wall Street Analyst Weigh In

ACNB has been the subject of a number of recent research reports. Hovde Group upgraded ACNB from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Wednesday, July 31st. StockNews.com raised ACNB from a “sell” rating to a “hold” rating in a report on Thursday, July 25th.

ACNB Stock Performance

Shares of NASDAQ ACNB opened at $42.00 on Friday. ACNB Co. has a 1 year low of $30.24 and a 1 year high of $48.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.93 and a current ratio of 0.93. The company’s fifty day moving average price is $41.95 and its 200 day moving average price is $37.13. The company has a market capitalization of $358.68 million, a PE ratio of 12.14 and a beta of 0.60.

ACNB (NASDAQ:ACNB) last posted its earnings results on Thursday, October 24th. The bank reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.04). The business had revenue of $34.07 million for the quarter, compared to analyst estimates of $27.51 million. ACNB had a net margin of 25.62% and a return on equity of 11.32%. On average, research analysts predict that ACNB Co. will post 3.3 earnings per share for the current year.

ACNB Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Friday, November 29th. ACNB’s payout ratio is 36.99%.

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.