ACNB (NASDAQ:ACNB) Share Price Crosses Below 200 Day Moving Average - What's Next?

Shares of ACNB Co. (NASDAQ:ACNB - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $41.54 and traded as low as $35.89. ACNB shares last traded at $36.69, with a volume of 20,203 shares changing hands.

Wall Street Analysts Forecast Growth

ACNB has been the subject of a number of research analyst reports. StockNews.com raised ACNB from a "sell" rating to a "hold" rating in a report on Friday, November 15th. Janney Montgomery Scott started coverage on ACNB in a research report on Tuesday, November 19th. They issued a "buy" rating and a $53.00 target price on the stock.

ACNB Price Performance

The business's 50-day simple moving average is $44.25 and its two-hundred day simple moving average is $41.63. The stock has a market cap of $313.66 million, a price-to-earnings ratio of 10.67 and a beta of 0.66. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.94 and a quick ratio of 0.94.

ACNB (NASDAQ:ACNB - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The bank reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.04). ACNB had a net margin of 23.43% and a return on equity of 10.18%. The firm had revenue of $34.07 million for the quarter, compared to analyst estimates of $27.51 million. Research analysts expect that ACNB Co. will post 3.56 earnings per share for the current year.

ACNB Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Friday, November 29th. ACNB's dividend payout ratio is currently 37.21%.

Institutional Investors Weigh In On ACNB

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of ACNB by 3.9% in the third quarter. FMR LLC now owns 570,731 shares of the bank's stock worth $24,924,000 after acquiring an additional 21,358 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of ACNB in the 3rd quarter worth approximately $834,000. The Manufacturers Life Insurance Company boosted its stake in shares of ACNB by 13.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 116,196 shares of the bank's stock valued at $5,074,000 after purchasing an additional 13,840 shares during the last quarter. Ellsworth Advisors LLC acquired a new stake in shares of ACNB during the third quarter worth $547,000. Finally, Barclays PLC raised its stake in ACNB by 286.7% during the third quarter. Barclays PLC now owns 10,807 shares of the bank's stock worth $472,000 after buying an additional 8,012 shares during the last quarter. 32.35% of the stock is owned by institutional investors.

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.