Citadel Advisors LLC Boosts Holdings in ACNB Co. (NASDAQ:ACNB)

Citadel Advisors LLC grew its holdings in ACNB Co. (NASDAQ:ACNB - Free Report) by 117.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,536 shares of the bank's stock after buying an additional 12,727 shares during the quarter. Citadel Advisors LLC owned 0.28% of ACNB worth $937,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new stake in ACNB in the 4th quarter valued at $42,000. Tower Research Capital LLC TRC lifted its holdings in ACNB by 431.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,505 shares of the bank's stock valued at $60,000 after purchasing an additional 1,222 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of ACNB in the fourth quarter valued at about $92,000. SG Americas Securities LLC increased its stake in shares of ACNB by 35.3% during the fourth quarter. SG Americas Securities LLC now owns 3,963 shares of the bank's stock worth $158,000 after purchasing an additional 1,035 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of ACNB by 29.7% during the 4th quarter. Wells Fargo & Company MN now owns 5,004 shares of the bank's stock worth $199,000 after purchasing an additional 1,147 shares during the last quarter. 32.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ACNB. Wall Street Zen upgraded ACNB from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Raymond James assumed coverage on ACNB in a research report on Friday, March 21st. They issued an "outperform" rating and a $47.00 target price on the stock. UBS Group set a $47.00 price target on ACNB in a research report on Friday, March 21st. Finally, Piper Sandler raised ACNB from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $37.00 to $50.00 in a research note on Monday, March 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, ACNB has an average rating of "Moderate Buy" and an average price target of $48.40.

ACNB Price Performance

Shares of ACNB stock traded down $0.47 on Friday, hitting $41.98. 17,395 shares of the company were exchanged, compared to its average volume of 23,751. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average price of $41.50 and a 200 day moving average price of $41.90. The stock has a market capitalization of $439.70 million, a price-to-earnings ratio of 11.25 and a beta of 0.83. ACNB Co. has a 1-year low of $30.24 and a 1-year high of $50.72.

ACNB (NASDAQ:ACNB - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The bank reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.09. The firm 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%. As a group, sell-side analysts predict that ACNB Co. will post 3.22 earnings per share for the current fiscal year.

ACNB Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be given a dividend of $0.34 per share. This is a boost from ACNB's previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.36 annualized dividend and a dividend yield of 3.24%. ACNB's payout ratio is presently 46.90%.

ACNB 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.