ACNB (ACNB) Upgraded at BidaskClub

BidaskClub upgraded shares of ACNB (NASDAQ:ACNB) from a buy rating to a strong-buy rating in a report published on Thursday.

ACNB stock opened at $39.30 on Thursday. ACNB has a 12-month low of $26.75 and a 12-month high of $41.45. The firm has a market cap of $282.96 million, a P/E ratio of 14.62 and a beta of 0.32. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.56.

ACNB (NASDAQ:ACNB) last released its quarterly earnings results on Monday, July 23rd. The bank reported $0.78 earnings per share (EPS) for the quarter. The firm had revenue of $18.41 million for the quarter. ACNB had a net margin of 19.29% and a return on equity of 12.38%.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Thursday, August 30th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Wednesday, August 29th.

A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in ACNB by 25.2% during the 2nd quarter. Renaissance Technologies LLC now owns 74,100 shares of the bank’s stock worth $2,523,000 after acquiring an additional 14,921 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in ACNB by 33.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 64,791 shares of the bank’s stock worth $2,206,000 after acquiring an additional 16,197 shares in the last quarter. BlackRock Inc. grew its holdings in ACNB by 12.6% during the 2nd quarter. BlackRock Inc. now owns 332,796 shares of the bank’s stock worth $11,332,000 after acquiring an additional 37,252 shares in the last quarter. Martingale Asset Management L P acquired a new position in ACNB during the 2nd quarter worth $539,000. Finally, Rhumbline Advisers acquired a new position in ACNB during the 2nd quarter worth $229,000. 20.80% of the stock is owned by institutional investors.

ACNB Company Profile

ACNB Corporation operates as the financial holding company for ACNB Bank that provides various banking and financial services to individual, business, and government customers primarily in Pennsylvania. The company accepts deposit products, including interest and non-interest checking, savings, and money market accounts, as well as time deposits.

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