Ellsworth Advisors LLC Invests $547,000 in ACNB Co. (NASDAQ:ACNB)

Ellsworth Advisors LLC purchased a new position in shares of ACNB Co. (NASDAQ:ACNB - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,531 shares of the bank's stock, valued at approximately $547,000. Ellsworth Advisors LLC owned about 0.15% of ACNB at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in ACNB by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 425,755 shares of the bank's stock worth $16,008,000 after purchasing an additional 5,724 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of ACNB by 8.7% in the second quarter. Bank of New York Mellon Corp now owns 30,534 shares of the bank's stock worth $1,107,000 after acquiring an additional 2,437 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of ACNB by 83.3% in the first 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 during the period. Empowered Funds LLC boosted its holdings in ACNB by 8.2% in the first quarter. Empowered Funds LLC now owns 41,756 shares of the bank's stock valued at $1,570,000 after acquiring an additional 3,150 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in ACNB by 1.7% during the 2nd quarter. Renaissance Technologies LLC now owns 17,856 shares of the bank's stock valued at $648,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 32.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ACNB shares. StockNews.com raised shares of ACNB from a "sell" rating to a "hold" rating in a research note on Thursday, July 25th. Hovde Group raised shares of ACNB from a "market perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a research report on Wednesday, July 31st.

ACNB Trading Down 0.1 %

ACNB traded down $0.06 during trading on Friday, hitting $44.10. The company's stock had a trading volume of 6,552 shares, compared to its average volume of 16,377. The firm has a market capitalization of $376.61 million, a P/E ratio of 12.75 and a beta of 0.60. ACNB Co. has a twelve month low of $30.24 and a twelve month high of $48.55. The stock's fifty day moving average price is $41.53 and its 200-day moving average price is $36.87. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.88.

ACNB (NASDAQ:ACNB - Get Free Report) last issued its earnings results on Wednesday, July 24th. The bank reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.48. ACNB had a net margin of 25.62% and a return on equity of 11.32%. The business had revenue of $33.30 million for the quarter, compared to analyst estimates of $26.66 million. Analysts anticipate that ACNB Co. will post 3.3 EPS for the current year.

ACNB Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 annualized dividend and a dividend yield of 2.90%. ACNB's dividend payout ratio is presently 36.99%.

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.