Empowered Funds LLC Increases Stake in ACNB Co. (NASDAQ:ACNB)

Empowered Funds LLC lifted its holdings in ACNB Co. (NASDAQ:ACNB) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,787 shares of the bank’s stock after purchasing an additional 2,379 shares during the quarter. Empowered Funds LLC’s holdings in ACNB were worth $1,983,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of ACNB in the fourth quarter valued at $92,000. SG Americas Securities LLC purchased a new position in shares of ACNB in the third quarter valued at $128,000. Haverford Trust Co purchased a new position in shares of ACNB in the third quarter valued at $200,000. Franklin Resources Inc. purchased a new position in shares of ACNB in the third quarter valued at $221,000. Finally, Martingale Asset Management L P purchased a new position in shares of ACNB in the third quarter valued at $223,000. 32.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

ACNB Stock Up 1.1 %

NASDAQ ACNB opened at $41.53 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.83. The company has a fifty day moving average of $40.86 and a two-hundred day moving average of $42.09. The firm has a market capitalization of $355.08 million, a price-to-earnings ratio of 11.13 and a beta of 0.65. ACNB Co. has a 52 week low of $30.24 and a 52 week high of $50.72.

ACNB (NASDAQ:ACNB) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $0.77 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.06). ACNB had a return on equity of 10.91% and a net margin of 24.09%. On average, analysts predict that ACNB Co. will post 3.22 earnings per share for the current year.

ACNB Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.28 annualized dividend and a dividend yield of 3.08%. ACNB’s dividend payout ratio (DPR) is 34.32%.

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.