ACNB (NASDAQ:ACNB) EVP Brett Fulk Sells 1,486 Shares

ACNB Corporation (NASDAQ:ACNB) EVP Brett Fulk sold 1,486 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $48.52, for a total transaction of $72,100.72. Following the completion of the sale, the executive vice president owned 1,048 shares in the company, valued at $50,848.96. The trade was a 58.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

ACNB Trading Up 0.8%

NASDAQ ACNB opened at $48.76 on Wednesday. ACNB Corporation has a 1 year low of $35.70 and a 1 year high of $53.41. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.96 and a quick ratio of 0.95. The company has a market capitalization of $506.62 million, a PE ratio of 13.77 and a beta of 0.87. The company has a fifty day moving average of $49.38 and a 200 day moving average of $46.20.

ACNB (NASDAQ:ACNB) last released its quarterly earnings data on Thursday, January 22nd. The bank reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. ACNB had a return on equity of 12.77% and a net margin of 19.32%.The business had revenue of $40.74 million during the quarter, compared to analyst estimates of $39.69 million. Research analysts forecast that ACNB Corporation will post 3.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ACNB. Piper Sandler raised their price objective on shares of ACNB from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “buy (b-)” rating on shares of ACNB in a research report on Monday, December 29th. Zacks Research raised shares of ACNB from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Raymond James Financial lowered shares of ACNB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 7th. Finally, Wall Street Zen upgraded ACNB from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $48.67.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC acquired a new stake in shares of ACNB in the second quarter worth approximately $292,000. Financial Consulate Inc. purchased a new position in ACNB in the 3rd quarter valued at $589,000. Geode Capital Management LLC lifted its holdings in ACNB by 11.5% in the 2nd quarter. Geode Capital Management LLC now owns 243,474 shares of the bank’s stock valued at $10,432,000 after purchasing an additional 25,142 shares in the last quarter. Equitable Trust Co. acquired a new stake in ACNB during the 2nd quarter worth $355,000. Finally, Tripletail Wealth Management LLC purchased a new stake in shares of ACNB during the third quarter worth $46,000. Institutional investors and hedge funds 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.