American Century Companies Inc. Grows Position in ACNB Corporation $ACNB

American Century Companies Inc. raised its holdings in shares of ACNB Corporation (NASDAQ:ACNB) by 7.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,900 shares of the bank’s stock after buying an additional 7,463 shares during the quarter. American Century Companies Inc. owned about 1.03% of ACNB worth $4,482,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of ACNB in the first quarter valued at about $203,000. GAMMA Investing LLC grew its holdings in shares of ACNB by 13,556.3% in the first quarter. GAMMA Investing LLC now owns 20,621 shares of the bank’s stock valued at $849,000 after purchasing an additional 20,470 shares during the period. Citadel Advisors LLC grew its holdings in shares of ACNB by 117.7% in the fourth quarter. Citadel Advisors LLC now owns 23,536 shares of the bank’s stock valued at $937,000 after purchasing an additional 12,727 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of ACNB by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 273,669 shares of the bank’s stock valued at $10,900,000 after purchasing an additional 10,796 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of ACNB by 0.9% in the fourth quarter. Northern Trust Corp now owns 68,638 shares of the bank’s stock valued at $2,734,000 after purchasing an additional 618 shares during the period. Hedge funds and other institutional investors own 32.35% of the company’s stock.

ACNB Trading Down 1.6%

Shares of ACNB stock opened at $45.32 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.94. The firm has a market cap of $474.50 million, a PE ratio of 16.85 and a beta of 0.93. The company has a 50-day moving average of $43.59 and a two-hundred day moving average of $42.14. ACNB Corporation has a 1-year low of $35.70 and a 1-year high of $50.72.

ACNB (NASDAQ:ACNB) last announced its earnings results on Thursday, July 24th. The bank reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.03). The company had revenue of $39.69 million for the quarter, compared to analysts’ expectations of $38.85 million. ACNB had a return on equity of 10.22% and a net margin of 15.64%. On average, analysts predict that ACNB Corporation will post 3.22 EPS for the current year.

ACNB Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 29th. ACNB’s dividend payout ratio (DPR) is 50.56%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of ACNB from a “sell” rating to a “hold” rating in a report on Monday, May 12th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $49.25.

ACNB 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.