ACNB (NASDAQ:ACNB) Downgraded to “Hold” Rating by Wall Street Zen

ACNB (NASDAQ:ACNB) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of ACNB in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $48.67.

ACNB Stock Performance

NASDAQ ACNB opened at $50.40 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.96 and a quick ratio of 0.95. ACNB has a 1-year low of $35.70 and a 1-year high of $53.89. The firm has a market capitalization of $523.66 million, a P/E ratio of 14.24 and a beta of 0.87. The business’s 50-day simple moving average is $50.17 and its 200-day simple moving average is $47.58.

ACNB (NASDAQ:ACNB) last posted its quarterly earnings results on Thursday, January 22nd. The bank reported $1.35 EPS for the quarter, beating the consensus estimate of $1.26 by $0.09. The firm had revenue of $40.74 million for the quarter, compared to analyst estimates of $39.69 million. ACNB had a net margin of 19.32% and a return on equity of 12.77%. Equities analysts predict that ACNB will post 3.22 EPS for the current year.

Insider Activity at ACNB

In other ACNB news, Director Donald Arthur Seibel, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $51.00, for a total transaction of $255,000.00. Following the completion of the sale, the director owned 5,927 shares in the company, valued at $302,277. This trade represents a 45.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brett D. Fulk sold 2,773 shares of ACNB stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $52.27, for a total value of $144,944.71. Following the sale, the executive vice president owned 3,306 shares in the company, valued at $172,804.62. This represents a 45.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 10,009 shares of company stock valued at $510,520. Insiders own 3.53% of the company’s stock.

Hedge Funds Weigh In On ACNB

Several large investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC acquired a new stake in ACNB during the second quarter valued at approximately $292,000. Financial Consulate Inc. acquired a new stake in shares of ACNB during the 3rd quarter valued at approximately $589,000. Geode Capital Management LLC lifted its stake in ACNB by 11.5% during the second quarter. Geode Capital Management LLC now owns 243,474 shares of the bank’s stock worth $10,432,000 after purchasing an additional 25,142 shares during the last quarter. Private Capital Management LLC boosted its holdings in ACNB by 9.9% in the third quarter. Private Capital Management LLC now owns 345,626 shares of the bank’s stock worth $15,221,000 after purchasing an additional 31,113 shares during the period. Finally, Empowered Funds LLC increased its stake in ACNB by 10.6% during the fourth quarter. Empowered Funds LLC now owns 54,505 shares of the bank’s stock valued at $2,635,000 after purchasing an additional 5,218 shares during the last quarter. Institutional investors own 32.35% of the company’s stock.

ACNB Company Profile

ACNB Corporation is the bank holding company for ACNB Bank, a community-focused financial institution headquartered in Gettysburg, Pennsylvania. Tracing its roots to a local banking organization established in the 19th century, the company has evolved into a regional banking franchise serving individuals, families and businesses across south-central Pennsylvania. As a publicly traded company on NASDAQ under the ticker ACNB, it operates under a traditional community banking model, emphasizing personal service and local decision-making.

The company’s main business activities encompass a full range of retail and commercial banking products.