SG Americas Securities LLC Has $205,000 Stock Holdings in ACNB Co. (NASDAQ:ACNB)

SG Americas Securities LLC grew its holdings in ACNB Co. (NASDAQ:ACNB) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,585 shares of the bank’s stock after purchasing an additional 795 shares during the quarter. SG Americas Securities LLC’s holdings in ACNB were worth $205,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Nuveen Asset Management LLC boosted its stake in shares of ACNB by 1.1% in the 3rd quarter. Nuveen Asset Management LLC now owns 23,238 shares of the bank’s stock valued at $698,000 after purchasing an additional 261 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of ACNB by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 30,627 shares of the bank’s stock valued at $968,000 after acquiring an additional 326 shares during the period. Renaissance Technologies LLC raised its position in shares of ACNB by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 15,256 shares of the bank’s stock valued at $506,000 after acquiring an additional 400 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of ACNB by 1.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 22,607 shares of the bank’s stock valued at $750,000 after acquiring an additional 424 shares during the period. Finally, Northern Trust Corp raised its position in shares of ACNB by 0.7% in the 2nd quarter. Northern Trust Corp now owns 67,572 shares of the bank’s stock valued at $2,241,000 after acquiring an additional 456 shares during the period. Institutional investors own 32.35% of the company’s stock.

ACNB Stock Performance

Shares of ACNB stock opened at $32.65 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.87 and a current ratio of 0.87. The company’s 50 day moving average price is $35.78 and its two-hundred day moving average price is $37.97. ACNB Co. has a 52 week low of $27.00 and a 52 week high of $48.55. The company has a market capitalization of $277.85 million, a P/E ratio of 8.78 and a beta of 0.60.

ACNB (NASDAQ:ACNB) last released its quarterly earnings data on Thursday, January 25th. The bank reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.48). ACNB had a return on equity of 12.12% and a net margin of 27.53%. The company had revenue of $22.46 million for the quarter, compared to the consensus estimate of $27.75 million. On average, analysts expect that ACNB Co. will post 3.4 earnings per share for the current fiscal year.

ACNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.30 per share. The ex-dividend date was Thursday, February 29th. This represents a $1.20 dividend on an annualized basis and a yield of 3.68%. ACNB’s dividend payout ratio (DPR) is 32.26%.

Analysts Set New Price Targets

A number of analysts recently weighed in on ACNB shares. Hovde Group downgraded shares of ACNB from an “outperform” rating to a “market perform” rating and increased their price target for the company from $40.00 to $47.00 in a research report on Monday, December 18th. StockNews.com downgraded shares of ACNB from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Finally, Piper Sandler raised their target price on shares of ACNB from $43.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, December 18th.

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.