American Century Companies Inc. Grows Position in ACNB Corporation $ACNB

Key Points

• American Century Companies Inc. increased its holdings in ACNB Corporation by 7.4%, bringing its ownership to approximately 1.03% of the company, valued at $4.48 million after purchasing additional shares.
• ACNB Corporation reported earnings of $1.11 per share for the last quarter, slightly below analyst expectations of $1.14, although revenue of $39.69 million surpassed forecasts.
• The company announced a quarterly dividend of $0.34 per share, reflecting a yield of 3.0%, with the ex-dividend date set for August 29th.

American Century Companies Inc. grew its position in ACNB Corporation (NASDAQ:ACNB - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,900 shares of the bank's stock after purchasing an additional 7,463 shares during the period. American Century Companies Inc. owned about 1.03% of ACNB worth $4,482,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in ACNB by 431.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,505 shares of the bank's stock worth $60,000 after acquiring an additional 1,222 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in ACNB by 29.7% during the 4th quarter. Wells Fargo & Company MN now owns 5,004 shares of the bank's stock valued at $199,000 after purchasing an additional 1,147 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in ACNB during the 1st quarter worth $203,000. First Trust Advisors LP bought a new position in ACNB during the 4th quarter worth $207,000. Finally, Voya Investment Management LLC bought a new position in ACNB during the 4th quarter worth $271,000. 32.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded ACNB from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $49.25.

ACNB Stock Up 1.4%

Shares of NASDAQ ACNB traded up $0.62 during midday trading on Thursday, hitting $45.50. 9,827 shares of the stock traded hands, compared to its average volume of 21,196. The company has a market cap of $476.39 million, a PE ratio of 16.91 and a beta of 0.95. ACNB Corporation has a one year low of $35.70 and a one year high of $50.72. The business has a 50 day moving average price of $43.83 and a two-hundred day moving average price of $42.25. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.94 and a current ratio of 0.95.

ACNB (NASDAQ:ACNB - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The bank reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.03). ACNB had a return on equity of 10.22% and a net margin of 15.64%.The company had revenue of $39.69 million for the quarter, compared to the consensus estimate of $38.85 million. On average, equities analysts predict that ACNB Corporation will post 3.22 EPS for the current year.

ACNB Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, August 29th. ACNB's payout ratio is currently 50.56%.

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.