Goldman Sachs Group Inc. Lowers Position in ACNB Corporation $ACNB

Key Points

• Goldman Sachs Group Inc. reduced its holdings in ACNB Corporation by 58.5% in Q1, now owning 12,968 shares valued at approximately $534,000.
• ACNB Corporation reported earnings per share of $1.11 for the last quarter, which fell short of analysts' estimates of $1.14.
• The company declared a quarterly dividend of $0.34 per share, reflecting an annualized yield of 3.1% with a payout ratio of 50.56%.

Goldman Sachs Group Inc. decreased its holdings in shares of ACNB Corporation (NASDAQ:ACNB - Free Report) by 58.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 12,968 shares of the bank's stock after selling 18,286 shares during the period. Goldman Sachs Group Inc. owned 0.12% of ACNB worth $534,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ACNB. Cambridge Investment Research Advisors Inc. purchased a new position in shares of ACNB in the 1st quarter valued at $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in ACNB by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,942 shares of the bank's stock valued at $203,000 after purchasing an additional 234 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in ACNB during the first quarter valued at about $213,000. Millennium Management LLC grew its stake in ACNB by 34.9% in the fourth quarter. Millennium Management LLC now owns 7,627 shares of the bank's stock valued at $304,000 after purchasing an additional 1,972 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in ACNB by 7.9% in the fourth quarter. Deutsche Bank AG now owns 7,800 shares of the bank's stock worth $311,000 after purchasing an additional 570 shares in the last quarter. Institutional investors own 32.35% of the company's stock.

ACNB Stock Performance

ACNB stock opened at $44.53 on Friday. ACNB Corporation has a one year low of $35.70 and a one year high of $50.72. The firm has a market cap of $466.23 million, a price-to-earnings ratio of 16.55 and a beta of 0.95. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.94 and a current ratio of 0.95. The firm has a 50-day simple moving average of $44.19 and a two-hundred day simple moving average of $42.63.

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

ACNB Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, August 29th. ACNB's payout ratio is currently 50.56%.

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.

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