Barclays PLC Increases Position in ACNB Co. (NASDAQ:ACNB)

Barclays PLC lifted its stake in ACNB Co. (NASDAQ:ACNB - Free Report) by 286.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,807 shares of the bank's stock after purchasing an additional 8,012 shares during the quarter. Barclays PLC owned about 0.13% of ACNB worth $472,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of ACNB during the 3rd quarter worth about $128,000. Haverford Trust Co purchased a new stake in ACNB during the 3rd quarter worth about $200,000. Martingale Asset Management L P acquired a new stake in ACNB in the 3rd quarter valued at about $223,000. SPC Financial Inc. acquired a new stake in ACNB in the third quarter valued at approximately $271,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of ACNB by 352.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,612 shares of the bank's stock valued at $289,000 after purchasing an additional 5,150 shares in the last quarter. Hedge funds and other institutional investors own 32.35% of the company's stock.

ACNB Price Performance

Shares of ACNB stock traded up $0.89 during mid-day trading on Friday, reaching $39.58. The stock had a trading volume of 64,332 shares, compared to its average volume of 15,617. ACNB Co. has a 12-month low of $30.24 and a 12-month high of $50.72. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.83. The business has a 50-day simple moving average of $43.49 and a 200 day simple moving average of $41.75. The company has a market cap of $338.41 million, a P/E ratio of 11.51 and a beta of 0.66.

ACNB (NASDAQ:ACNB - Get Free Report) last posted its earnings results 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 business had revenue of $34.07 million for the quarter, compared to analysts' expectations of $27.51 million. On average, sell-side analysts anticipate that ACNB Co. will post 3.56 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ACNB shares. StockNews.com upgraded ACNB from a "sell" rating to a "hold" rating in a research note on Friday, November 15th. Janney Montgomery Scott began coverage on ACNB in a report on Tuesday, November 19th. They issued a "buy" rating and a $53.00 price objective for the company.

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.