ACNB (NASDAQ:ACNB) Share Price Crosses Above Fifty Day Moving Average - Time to Sell?

ACNB Corporation (NASDAQ:ACNB - Get Free Report)'s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $42.20 and traded as high as $43.61. ACNB shares last traded at $42.84, with a volume of 36,377 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ACNB shares. Wall Street Zen upgraded ACNB from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Piper Sandler upgraded shares of ACNB from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $37.00 to $50.00 in a report on Monday, March 3rd. UBS Group set a $47.00 price target on shares of ACNB in a research report on Friday, March 21st. Finally, Raymond James Financial started coverage on shares of ACNB in a research report on Friday, March 21st. They issued an "outperform" rating and a $47.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.40.

ACNB Trading Up 2.1%

The company has a 50 day moving average of $42.20 and a two-hundred day moving average of $41.07. The stock has a market capitalization of $457.75 million, a PE ratio of 15.08 and a beta of 0.85. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 0.95.

ACNB (NASDAQ:ACNB - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $1.03 earnings per share 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 during the quarter, compared to the consensus estimate of $32.65 million. Sell-side analysts predict that ACNB Corporation will post 3.22 EPS for the current year.

ACNB Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Friday, May 30th. This is an increase from ACNB's previous quarterly dividend of $0.32. ACNB's payout ratio is currently 46.90%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers increased its position in shares of ACNB by 2.2% in the 4th quarter. Rhumbline Advisers now owns 12,405 shares of the bank's stock valued at $494,000 after acquiring an additional 268 shares during the period. Bank of New York Mellon Corp lifted its position in ACNB by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 24,524 shares of the bank's stock worth $977,000 after acquiring an additional 785 shares during the period. Charles Schwab Investment Management Inc. lifted its position in ACNB by 6.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 24,843 shares of the bank's stock worth $989,000 after acquiring an additional 1,500 shares during the period. SPC Financial Inc. grew its stake in ACNB by 87.3% during the 4th quarter. SPC Financial Inc. now owns 11,610 shares of the bank's stock valued at $462,000 after purchasing an additional 5,410 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of ACNB by 9.1% in the fourth quarter. American Century Companies Inc. now owns 101,437 shares of the bank's stock valued at $4,040,000 after purchasing an additional 8,486 shares during the period. 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.