33,972 Shares in ACNB Co. (NASDAQ:ACNB) Purchased by Haverford Trust Co

Haverford Trust Co bought a new position in ACNB Co. (NASDAQ:ACNB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 33,972 shares of the bank's stock, valued at approximately $1,521,000. Haverford Trust Co owned 0.40% of ACNB as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ACNB. Allworth Financial LP purchased a new stake in shares of ACNB in the fourth quarter worth $31,000. Allspring Global Investments Holdings LLC increased its stake in ACNB by 2,578.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,732 shares of the bank's stock worth $86,000 after acquiring an additional 2,630 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of ACNB in the 3rd quarter valued at about $120,000. Savant Capital LLC purchased a new position in shares of ACNB during the fourth quarter worth about $264,000. Finally, RKL Wealth Management LLC bought a new position in shares of ACNB in the fourth quarter worth approximately $434,000. Hedge funds and other institutional investors own 32.35% of the company's stock.

ACNB Trading Up 0.0 %

Shares of ACNB stock traded up $0.01 during midday trading on Friday, reaching $33.92. 7,037 shares of the company's stock traded hands, compared to its average volume of 15,515. The stock has a 50 day moving average of $34.14 and a 200-day moving average of $38.06. The company has a market cap of $289.68 million, a PE ratio of 9.80 and a beta of 0.64. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.92 and a current ratio of 0.92. ACNB Co. has a 12 month low of $27.97 and a 12 month high of $48.55.

ACNB (NASDAQ:ACNB - Get Free Report) last announced its earnings results on Thursday, April 25th. The bank reported $0.80 earnings per share for the quarter, meeting analysts' consensus estimates of $0.80. The business had revenue of $31.64 million during the quarter, compared to the consensus estimate of $26.28 million. ACNB had a net margin of 24.98% and a return on equity of 11.00%. As a group, equities analysts expect that ACNB Co. will post 3.3 EPS for the current fiscal year.

ACNB Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.32 per share. This is a boost from ACNB's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.77%. ACNB's dividend payout ratio is presently 34.68%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ACNB shares. StockNews.com lowered shares of ACNB from a "hold" rating to a "sell" rating in a research report on Wednesday, May 8th. Piper Sandler cut their target price on shares of ACNB from $40.00 to $37.00 and set a "neutral" rating for the company in a research report on Wednesday, May 1st.

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.

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