ACNB Corporation (NASDAQ:ACNB) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• ACNB has a consensus “Hold” rating from five analysts: three rate it a hold and two rate it a buy. The average 12-month price target is $64.50.
• ACNB exceeded quarterly expectations, reporting $1.49 EPS versus the $1.38 consensus and revenue of $42.82 million versus $42.21 million expected.
• The company declared a quarterly dividend of $0.42 per share, equivalent to $1.68 annually and a 2.7% yield; institutional investors and hedge funds own 32.35% of the stock.

Shares of ACNB Corporation (NASDAQ:ACNB - Get Free Report) have been given a consensus recommendation of "Hold" by the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $64.50.

Several research analysts have recently weighed in on the stock. Hovde Group boosted their price target on shares of ACNB from $57.00 to $64.00 and gave the company a "market perform" rating in a research report on Monday, July 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of ACNB in a research note on Tuesday, July 21st. Finally, Piper Sandler boosted their target price on shares of ACNB from $58.00 to $65.00 and gave the company an "overweight" rating in a report on Friday, June 26th.

ACNB Stock Performance

Shares of ACNB stock opened at $63.18 on Tuesday. ACNB has a one year low of $42.52 and a one year high of $67.60. The company has a market cap of $642.54 million, a price-to-earnings ratio of 11.99 and a beta of 0.86. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 0.94. The business's 50 day moving average price is $64.25 and its 200 day moving average price is $57.23.

ACNB (NASDAQ:ACNB - Get Free Report) last issued its earnings results on Thursday, July 23rd. The bank reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.11. ACNB had a return on equity of 13.78% and a net margin of 27.15%.The company had revenue of $42.82 million during the quarter, compared to analysts' expectations of $42.21 million. On average, research analysts predict that ACNB will post 5.72 EPS for the current year.

ACNB Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.42 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.7%. ACNB's dividend payout ratio (DPR) is currently 31.88%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ACNB. First United Bank & Trust acquired a new stake in ACNB during the first quarter worth $47,000. Legal & General Group Plc acquired a new position in shares of ACNB in the 2nd quarter valued at $59,000. Allworth Financial LP acquired a new position in shares of ACNB in the 2nd quarter valued at $66,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of ACNB during the 1st quarter worth $71,000. Finally, Rodgers & Associates LTD purchased a new position in shares of ACNB during the 2nd quarter worth $215,000. 32.35% of the stock is currently owned by institutional investors and hedge funds.

ACNB Company Profile

ACNB Corporation is a financial holding company headquartered in Gettysburg, Pennsylvania. Its principal subsidiary, ACNB Bank, provides community banking services to individuals, families, farmers and businesses.

ACNB Bank offers deposit accounts, residential and commercial real estate loans, consumer and business lending, treasury management, online and mobile banking, and wealth management services. The bank serves customers through branches and other delivery channels in south-central Pennsylvania and parts of northern Maryland.

ACNB Corporation also operates Russell Insurance Group, a full-service insurance agency providing personal, commercial and employee-benefits insurance products.

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