ACNB (NASDAQ:ACNB) Shares Pass Above Fifty Day Moving Average - Time to Sell?

ACNB Corporation (NASDAQ:ACNB - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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 Upgrades and Downgrades

A number of brokerages have recently issued reports on ACNB. Wall Street Zen raised ACNB from a "sell" rating to a "hold" rating in a report on Monday, May 12th. UBS Group set a $47.00 price target on ACNB in a research report on Friday, March 21st. Finally, Raymond James Financial began coverage on ACNB in a research report on Friday, March 21st. They issued an "outperform" rating and a $47.00 price objective on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.40.

ACNB Price Performance

The firm has a market cap of $448.53 million, a price-to-earnings ratio of 14.77 and a beta of 0.84. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $42.60 and a 200 day moving average of $41.16.

ACNB (NASDAQ:ACNB - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $1.03 EPS for the quarter, topping the consensus estimate of $0.94 by $0.09. ACNB had a return on equity of 10.95% and a net margin of 17.22%. The business had revenue of $34.27 million for the quarter, compared to the consensus estimate of $32.65 million. Equities research analysts predict that ACNB Corporation will post 3.22 EPS for the current fiscal year.

ACNB Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were paid a $0.34 dividend. This is an increase from ACNB's previous quarterly dividend of $0.32. The ex-dividend date was Friday, May 30th. This represents a $1.36 annualized dividend and a dividend yield of 3.17%. ACNB's dividend payout ratio (DPR) is currently 46.90%.

Hedge Funds Weigh In On ACNB

Several hedge funds have recently modified their holdings of ACNB. Vanguard Group Inc. grew its holdings in shares of ACNB by 10.4% in the 1st quarter. Vanguard Group Inc. now owns 490,884 shares of the bank's stock valued at $20,205,000 after acquiring an additional 46,151 shares in the last quarter. GAMMA Investing LLC increased its position in ACNB by 13,556.3% during the first quarter. GAMMA Investing LLC now owns 20,621 shares of the bank's stock worth $849,000 after acquiring an additional 20,470 shares during the period. Nuveen LLC bought a new stake in shares of ACNB in the first quarter valued at approximately $717,000. JPMorgan Chase & Co. lifted its position in shares of ACNB by 145.4% during the 4th quarter. JPMorgan Chase & Co. now owns 27,362 shares of the bank's stock valued at $1,090,000 after acquiring an additional 16,214 shares during the period. Finally, Citadel Advisors LLC lifted its position in shares of ACNB by 117.7% during the 4th quarter. Citadel Advisors LLC now owns 23,536 shares of the bank's stock valued at $937,000 after acquiring an additional 12,727 shares during the period. Institutional investors own 32.35% of the company's stock.

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.