ACNB (NASDAQ:ACNB) Raised to "Hold" at StockNews.com

ACNB (NASDAQ:ACNB - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a report issued on Friday.

Separately, Hovde Group upgraded shares of ACNB from a "market perform" rating to an "outperform" rating and set a $45.00 target price for the company in a research note on Wednesday, July 31st.

ACNB Stock Performance

Shares of ACNB stock traded down $0.16 during trading on Friday, hitting $47.34. 3,076 shares of the stock were exchanged, compared to its average volume of 16,449. ACNB has a 1-year low of $30.24 and a 1-year high of $50.72. The stock has a market capitalization of $404.76 million, a price-to-earnings ratio of 13.81 and a beta of 0.61. The company has a fifty day moving average price of $43.15 and a 200-day moving average price of $38.30. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.83.

ACNB (NASDAQ:ACNB - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $0.84 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.04). ACNB had a return on equity of 10.18% and a net margin of 23.43%. The business had revenue of $34.07 million for the quarter, compared to analyst estimates of $27.51 million. As a group, equities analysts predict that ACNB will post 3.3 EPS for the current fiscal year.

Institutional Trading of ACNB

A number of institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in ACNB in the 3rd quarter valued at approximately $128,000. BNP Paribas Financial Markets raised its position in shares of ACNB by 83.3% in the 1st quarter. BNP Paribas Financial Markets now owns 4,091 shares of the bank's stock worth $154,000 after acquiring an additional 1,859 shares in the last quarter. Haverford Trust Co acquired a new position in shares of ACNB in the 3rd quarter valued at about $200,000. Martingale Asset Management L P bought a new stake in shares of ACNB during the 3rd quarter valued at about $223,000. Finally, SPC Financial Inc. acquired a new position in ACNB in the third quarter valued at approximately $271,000. Institutional investors own 32.35% of the company's stock.

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.