Nuveen LLC Buys New Position in ACNB Corporation $ACNB

Nuveen LLC bought a new stake in ACNB Corporation (NASDAQ:ACNB) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,427 shares of the bank’s stock, valued at approximately $717,000. Nuveen LLC owned approximately 0.17% of ACNB as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bare Financial Services Inc bought a new position in shares of ACNB during the 1st quarter valued at about $347,000. Invesco Ltd. boosted its position in shares of ACNB by 12.8% during the 1st quarter. Invesco Ltd. now owns 19,325 shares of the bank’s stock valued at $795,000 after purchasing an additional 2,194 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of ACNB by 10.4% in the first quarter. Vanguard Group Inc. now owns 490,884 shares of the bank’s stock worth $20,205,000 after buying an additional 46,151 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of ACNB in the first quarter worth about $203,000. Finally, GAMMA Investing LLC boosted 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 worth $849,000 after buying an additional 20,470 shares during the period. Institutional investors own 32.35% of the company’s stock.

Wall Street Analyst Weigh In

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

ACNB Trading Up 0.2%

Shares of ACNB stock opened at $44.88 on Thursday. ACNB Corporation has a 12 month low of $35.70 and a 12 month high of $50.72. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $43.78 and its two-hundred day moving average is $42.22. The company has a market cap of $469.89 million, a PE ratio of 16.68 and a beta of 0.95.

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

ACNB Dividend Announcement

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

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.