ACNB (NASDAQ:ACNB) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of ACNB (NASDAQ:ACNB – Get Rating) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the bank’s stock.

ACNB Stock Down 1.8 %

ACNB stock opened at $32.89 on Thursday. ACNB has a twelve month low of $28.40 and a twelve month high of $41.28. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average is $37.18 and its 200-day moving average is $36.27. The firm has a market capitalization of $280.22 million, a PE ratio of 7.93 and a beta of 0.37.

ACNB (NASDAQ:ACNB – Get Rating) last posted its earnings results on Thursday, January 26th. The bank reported $1.20 earnings per share for the quarter. The company had revenue of $29.47 million for the quarter. ACNB had a return on equity of 14.59% and a net margin of 32.84%.

ACNB Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $1.12 dividend on an annualized basis and a yield of 3.41%. ACNB’s dividend payout ratio (DPR) is currently 26.99%.

Institutional Trading of ACNB

A number of hedge funds have recently bought and sold shares of ACNB. Lazard Asset Management LLC bought a new stake in shares of ACNB in the fourth quarter valued at $28,000. Tower Research Capital LLC TRC raised its stake in shares of ACNB by 78.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,974 shares of the bank’s stock valued at $60,000 after buying an additional 865 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of ACNB by 16,530.8% in the second quarter. BNP Paribas Arbitrage SA now owns 2,162 shares of the bank’s stock valued at $64,000 after buying an additional 2,149 shares during the period. Barclays PLC grew its position in shares of ACNB by 533.0% in the fourth quarter. Barclays PLC now owns 2,222 shares of the bank’s stock valued at $88,000 after purchasing an additional 1,871 shares in the last quarter. Finally, UBS Group AG grew its position in shares of ACNB by 600.0% in the fourth quarter. UBS Group AG now owns 2,282 shares of the bank’s stock valued at $91,000 after purchasing an additional 1,956 shares in the last quarter. 28.64% of the stock is currently owned by institutional investors.

ACNB Company Profile

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ACNB Corp. is a holding company. The firm engages in the provision of banking, financial and wealth management services. It operates through the following segments: Bank and RIG. The Bank segment offers bank and related financial services. The RIG segment offers property and casualty, life and health insurance to both commercial and individual clients.