ACNB (NASDAQ:ACNB) Upgraded at StockNews.com

ACNB (NASDAQ:ACNB - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Monday.

Several other brokerages have also commented on ACNB. UBS Group set a $47.00 target price on ACNB in a research report on Friday, March 21st. Piper Sandler upgraded ACNB from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $37.00 to $50.00 in a research report on Monday, March 3rd. Finally, Raymond James initiated coverage on ACNB in a research report on Friday, March 21st. They set an "outperform" rating and a $47.00 price objective for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $48.40.

ACNB Stock Down 0.4%

ACNB stock traded down $0.17 during midday trading on Monday, hitting $44.00. 20,395 shares of the company's stock were exchanged, compared to its average volume of 23,558. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.83. ACNB has a 12-month low of $30.24 and a 12-month high of $50.72. The firm has a 50 day moving average price of $41.25 and a 200-day moving average price of $42.08. The stock has a market capitalization of $463.89 million, a price-to-earnings ratio of 11.80 and a beta of 0.83.

ACNB (NASDAQ:ACNB - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.09. The company had revenue of $34.27 million for the quarter, compared to the consensus estimate of $32.65 million. ACNB had a return on equity of 10.91% and a net margin of 24.09%. On average, analysts anticipate that ACNB will post 3.22 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ACNB. Barclays PLC raised its stake in shares of ACNB by 286.7% in the 3rd quarter. Barclays PLC now owns 10,807 shares of the bank's stock worth $472,000 after buying an additional 8,012 shares in the last quarter. American Century Companies Inc. raised its stake in shares of ACNB by 9.1% in the 4th quarter. American Century Companies Inc. now owns 101,437 shares of the bank's stock worth $4,040,000 after buying an additional 8,486 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of ACNB by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 273,669 shares of the bank's stock worth $10,900,000 after buying an additional 10,796 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of ACNB by 35.3% in the 4th quarter. SG Americas Securities LLC now owns 3,963 shares of the bank's stock worth $158,000 after buying an additional 1,035 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of ACNB by 145.4% in the 4th quarter. JPMorgan Chase & Co. now owns 27,362 shares of the bank's stock worth $1,090,000 after buying an additional 16,214 shares in the last quarter. Institutional investors and hedge funds 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.