ACNB (NASDAQ:ACNB) Coverage Initiated by Analysts at Janney Montgomery Scott

Janney Montgomery Scott assumed coverage on shares of ACNB (NASDAQ:ACNB - Free Report) in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $53.00 target price on the bank's stock.

A number of other research analysts also recently commented on the stock. Hovde Group raised shares of ACNB from a "market perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a research report on Wednesday, July 31st. StockNews.com upgraded ACNB from a "sell" rating to a "hold" rating in a report on Friday.

ACNB Trading Up 1.7 %

NASDAQ:ACNB traded up $0.78 on Tuesday, reaching $47.13. The company's stock had a trading volume of 11,314 shares, compared to its average volume of 16,470. The firm has a market cap of $402.96 million, a PE ratio of 13.70 and a beta of 0.61. The business's 50-day moving average price is $43.57 and its two-hundred day moving average price is $38.68. ACNB has a 1-year low of $30.24 and a 1-year high of $50.72. 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 (NASDAQ:ACNB - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $0.88 by ($0.04). The firm had revenue of $34.07 million during the quarter, compared to the consensus estimate of $27.51 million. ACNB had a net margin of 23.43% and a return on equity of 10.18%. Equities research analysts anticipate that ACNB will post 3.3 earnings per share for the current fiscal year.

ACNB Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.28 dividend on an annualized basis and a yield of 2.72%. ACNB's dividend payout ratio (DPR) is currently 37.21%.

Institutional Trading of ACNB

Several institutional investors have recently added to or reduced their stakes in ACNB. SG Americas Securities LLC acquired a new stake in shares of ACNB during the third quarter worth $128,000. BNP Paribas Financial Markets raised its stake in 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 purchasing an additional 1,859 shares in the last quarter. Haverford Trust Co bought a new stake in ACNB in the 3rd quarter valued at about $200,000. Martingale Asset Management L P acquired a new position in shares of ACNB during the 3rd quarter worth approximately $223,000. Finally, SPC Financial Inc. bought a new position in shares of ACNB during the third quarter worth approximately $271,000. 32.35% of the stock is currently 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.