Voya Investment Management LLC Acquires New Holdings in ACNB Co. (NASDAQ:ACNB)

Voya Investment Management LLC purchased a new position in ACNB Co. (NASDAQ:ACNB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,812 shares of the bank's stock, valued at approximately $271,000. Voya Investment Management LLC owned 0.08% of ACNB at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Barclays PLC grew its holdings in ACNB by 286.7% in the third quarter. Barclays PLC now owns 10,807 shares of the bank's stock worth $472,000 after purchasing an additional 8,012 shares during the period. American Century Companies Inc. grew its holdings in shares of ACNB by 9.1% during the fourth quarter. American Century Companies Inc. now owns 101,437 shares of the bank's stock valued at $4,040,000 after buying an additional 8,486 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of ACNB by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 273,669 shares of the bank's stock valued at $10,900,000 after buying an additional 10,796 shares during the last quarter. SG Americas Securities LLC grew its holdings 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 valued at $158,000 after buying an additional 1,035 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of ACNB by 145.4% during the fourth quarter. JPMorgan Chase & Co. now owns 27,362 shares of the bank's stock valued at $1,090,000 after buying an additional 16,214 shares during the last quarter. 32.35% of the stock is currently owned by institutional investors and hedge funds.

ACNB Stock Performance

ACNB stock traded down $0.17 during mid-day trading on Friday, hitting $44.00. The company had a trading volume of 20,395 shares, compared to its average volume of 23,625. The firm has a market cap of $460.86 million, a PE ratio of 11.80 and a beta of 0.83. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.94 and a current ratio of 0.94. ACNB Co. has a 12 month low of $30.24 and a 12 month high of $50.72. The stock's fifty day moving average price is $41.25 and its two-hundred day moving average price is $42.08.

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 the consensus estimate of $0.94 by $0.09. ACNB had a net margin of 24.09% and a return on equity of 10.91%. The business had revenue of $34.27 million for the quarter, compared to analyst estimates of $32.65 million. On average, analysts forecast that ACNB Co. will post 3.22 earnings per share for the current fiscal year.

ACNB Increases Dividend

The firm 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 $0.34 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.36 annualized dividend and a dividend yield of 3.09%. This is a positive change from ACNB's previous quarterly dividend of $0.32. ACNB's payout ratio is 46.90%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ACNB shares. Piper Sandler upgraded shares of ACNB from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $37.00 to $50.00 in a report on Monday, March 3rd. Raymond James started coverage on shares of ACNB in a report on Friday, March 21st. They set an "outperform" rating and a $47.00 price objective for the company. StockNews.com upgraded shares of ACNB from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Finally, UBS Group set a $47.00 price objective on shares of ACNB in a report on Friday, March 21st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $48.40.

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.