Nuveen LLC Purchases New Shares in ACNB Corporation $ACNB

Key Points

• Nuveen LLC has acquired a new stake in ACNB Corporation, purchasing 17,427 shares valued at approximately $717,000, which represents about 0.17% of the company.
• ACNB Corporation's quarterly earnings report revealed an EPS of $1.11, missing estimates, while the company also announced a quarterly dividend of $0.34, payable on September 15th.
• Wall Street analysts have upgraded ACNB from a "sell" to a "hold" rating, with three analysts giving it a "buy" rating and a consensus target price of $49.25.

Nuveen LLC purchased a new stake in ACNB Corporation (NASDAQ:ACNB - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,427 shares of the bank's stock, valued at approximately $717,000. Nuveen LLC owned approximately 0.17% of ACNB as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Wells Fargo & Company MN raised its holdings in shares of ACNB by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 5,004 shares of the bank's stock valued at $199,000 after acquiring an additional 1,147 shares in the last quarter. Barclays PLC grew its stake in ACNB by 15.2% during the 4th quarter. Barclays PLC now owns 12,454 shares of the bank's stock worth $496,000 after buying an additional 1,647 shares during the last quarter. First Trust Advisors LP purchased a new stake in ACNB during the 4th quarter valued at about $207,000. Dimensional Fund Advisors LP raised its holdings in 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 purchasing an additional 10,796 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of 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 acquiring an additional 1,222 shares during the last quarter. 32.35% of the stock is currently owned by institutional investors and hedge funds.

ACNB Stock Performance

NASDAQ ACNB traded up $0.12 during midday trading on Monday, hitting $45.03. The company had a trading volume of 5,406 shares, compared to its average volume of 30,233. The stock has a market cap of $471.46 million, a price-to-earnings ratio of 16.74 and a beta of 0.95. ACNB Corporation has a fifty-two week low of $35.70 and a fifty-two week high of $50.72. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $43.87 and a two-hundred day simple moving average of $42.29.

ACNB (NASDAQ:ACNB - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $39.69 million for the quarter, compared to the consensus estimate of $38.85 million. ACNB had a return on equity of 10.22% and a net margin of 15.64%. Equities analysts forecast that ACNB Corporation will post 3.22 earnings per share for the current fiscal year.

ACNB Announces Dividend

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

Analyst Ratings Changes

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

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.