Allworth Financial LP Makes New $31,000 Investment in ACNB Co. (NASDAQ:ACNB)

Allworth Financial LP purchased a new position in shares of ACNB Co. (NASDAQ:ACNB) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 700 shares of the bank’s stock, valued at approximately $31,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ACNB. FMR LLC grew its stake in shares of ACNB by 0.6% in the 2nd quarter. FMR LLC now owns 543,813 shares of the bank’s stock valued at $16,146,000 after purchasing an additional 3,100 shares during the last quarter. BlackRock Inc. boosted its holdings in ACNB by 4.2% in the 2nd quarter. BlackRock Inc. now owns 466,347 shares of the bank’s stock valued at $15,469,000 after purchasing an additional 18,654 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of ACNB by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 408,893 shares of the bank’s stock valued at $12,925,000 after buying an additional 4,444 shares during the period. Fourthstone LLC lifted its holdings in ACNB by 13.3% in the first quarter. Fourthstone LLC now owns 261,263 shares of the bank’s stock valued at $9,131,000 after acquiring an additional 30,728 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of ACNB by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 225,240 shares of the bank’s stock valued at $7,471,000 after purchasing an additional 1,881 shares in the last quarter. 32.35% of the stock is owned by hedge funds and other institutional investors.

ACNB Stock Performance

Shares of ACNB stock opened at $32.65 on Monday. ACNB Co. has a 52 week low of $27.00 and a 52 week high of $48.55. The company has a market cap of $277.85 million, a PE ratio of 8.78 and a beta of 0.60. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70. The company’s fifty day simple moving average is $35.78 and its 200-day simple moving average is $38.06.

ACNB (NASDAQ:ACNB) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.48). The firm had revenue of $22.46 million during the quarter, compared to analyst estimates of $27.75 million. ACNB had a net margin of 27.53% and a return on equity of 12.12%. As a group, equities research analysts anticipate that ACNB Co. will post 3.4 EPS for the current year.

ACNB Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.20 annualized dividend and a dividend yield of 3.68%. ACNB’s dividend payout ratio is presently 32.26%.

Wall Street Analysts Forecast Growth

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

ACNB Company Profile

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.