BNP Paribas Financial Markets Has $289,000 Holdings in ACNB Co. (NASDAQ:ACNB)

BNP Paribas Financial Markets increased its stake in shares of ACNB Co. (NASDAQ:ACNB) by 352.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,612 shares of the bank’s stock after acquiring an additional 5,150 shares during the period. BNP Paribas Financial Markets owned 0.08% of ACNB worth $289,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. FMR LLC raised its holdings in ACNB by 3.9% in the 3rd quarter. FMR LLC now owns 570,731 shares of the bank’s stock worth $24,924,000 after acquiring an additional 21,358 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of ACNB by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 253,306 shares of the bank’s stock worth $9,186,000 after purchasing an additional 5,119 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of ACNB by 13.5% in the third quarter. The Manufacturers Life Insurance Company now owns 116,196 shares of the bank’s stock worth $5,074,000 after purchasing an additional 13,840 shares during the period. Empowered Funds LLC lifted its position in shares of ACNB by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 47,408 shares of the bank’s stock worth $2,070,000 after purchasing an additional 2,412 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in ACNB by 8.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 30,534 shares of the bank’s stock valued at $1,107,000 after purchasing an additional 2,437 shares during the period. 32.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ACNB shares. Janney Montgomery Scott started coverage on shares of ACNB in a report on Tuesday, November 19th. They set a “buy” rating and a $53.00 price objective on the stock. StockNews.com raised ACNB from a “sell” rating to a “hold” rating in a research report on Friday, November 15th.

ACNB Stock Performance

ACNB stock opened at $45.71 on Monday. The company has a market cap of $390.82 million, a PE ratio of 13.29 and a beta of 0.63. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.83. ACNB Co. has a 1 year low of $30.24 and a 1 year high of $50.72. The company’s 50-day moving average is $45.09 and its two-hundred day moving average is $40.45.

ACNB (NASDAQ:ACNB) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.04). ACNB had a return on equity of 10.18% and a net margin of 23.43%. The company had revenue of $34.07 million for the quarter, compared to analyst estimates of $27.51 million. Equities analysts anticipate that ACNB Co. will post 3.56 earnings per share for the current year.

ACNB Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.28 annualized dividend and a yield of 2.80%. ACNB’s dividend payout ratio is presently 37.21%.

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.