ACNB (NASDAQ:ACNB) Shares Cross Above Fifty Day Moving Average - Should You Sell?

ACNB Corporation (NASDAQ:ACNB - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $42.52 and traded as high as $44.61. ACNB shares last traded at $43.97, with a volume of 18,725 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Raymond James Financial assumed coverage on shares of ACNB in a report on Friday, March 21st. They issued an "outperform" rating and a $47.00 target price for the company. Wall Street Zen raised shares of ACNB from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Finally, UBS Group set a $47.00 price objective on shares of ACNB in a report on Friday, March 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, ACNB currently has an average rating of "Moderate Buy" and an average price target of $48.40.

ACNB Stock Up 0.2%

The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.66. The company has a market cap of $461.31 million, a P/E ratio of 15.19 and a beta of 0.84. The business's 50 day moving average is $42.52 and its 200 day moving average is $41.12.

ACNB (NASDAQ:ACNB - Get Free Report) last released its quarterly earnings results 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 17.22% and a return on equity of 10.95%. The business had revenue of $34.27 million during the quarter, compared to analyst estimates of $32.65 million. As a group, equities analysts anticipate that ACNB Corporation will post 3.22 earnings per share for the current fiscal year.

ACNB Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were paid a $0.34 dividend. This is a positive change from ACNB's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.36 dividend on an annualized basis and a yield of 3.09%. ACNB's dividend payout ratio (DPR) is 46.90%.

Institutional Investors Weigh In On ACNB

A number of institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its stake in shares of ACNB by 431.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,505 shares of the bank's stock worth $60,000 after purchasing an additional 1,222 shares during the period. Wells Fargo & Company MN raised its holdings in shares of ACNB by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 5,004 shares of the bank's stock valued at $199,000 after acquiring an additional 1,147 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of ACNB in the first quarter valued at approximately $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of ACNB by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,942 shares of the bank's stock worth $203,000 after acquiring an additional 234 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of ACNB in the fourth quarter worth approximately $207,000. Institutional investors and hedge funds own 32.35% of the company's stock.

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.