ACNB (NASDAQ:ACNB) Upgraded at BidaskClub

BidaskClub upgraded shares of ACNB (NASDAQ:ACNB) from a sell rating to a hold rating in a research note released on Saturday, BidAskClub reports.

Separately, ValuEngine lowered ACNB from a hold rating to a sell rating in a research report on Thursday, August 1st.

Shares of ACNB stock opened at $35.05 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $252.39 million, a PE ratio of 10.63 and a beta of 0.18. The stock has a 50-day moving average of $35.00 and a 200-day moving average of $36.81. ACNB has a one year low of $32.29 and a one year high of $41.18.

ACNB (NASDAQ:ACNB) last issued its quarterly earnings data on Tuesday, July 30th. The bank reported $0.92 earnings per share (EPS) for the quarter. ACNB had a return on equity of 13.77% and a net margin of 28.03%. The business had revenue of $19.97 million during the quarter.

In other ACNB news, Director Donna M. Newell acquired 716 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average cost of $36.10 per share, for a total transaction of $25,847.60. Following the transaction, the director now owns 5,901 shares of the company’s stock, valued at $213,026.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of ACNB. Bank of America Corp DE grew its position in shares of ACNB by 58.7% in the 4th quarter. Bank of America Corp DE now owns 5,663 shares of the bank’s stock valued at $222,000 after purchasing an additional 2,095 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of ACNB by 547.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,425 shares of the bank’s stock valued at $53,000 after purchasing an additional 1,205 shares during the period. SG Americas Securities LLC acquired a new position in shares of ACNB in the 1st quarter valued at approximately $123,000. Cetera Advisor Networks LLC grew its position in shares of ACNB by 12.4% in the 1st quarter. Cetera Advisor Networks LLC now owns 22,690 shares of the bank’s stock valued at $840,000 after purchasing an additional 2,495 shares during the period. Finally, Martingale Asset Management L P boosted its position in ACNB by 42.5% during the 1st quarter. Martingale Asset Management L P now owns 33,206 shares of the bank’s stock worth $1,229,000 after acquiring an additional 9,899 shares during the last quarter. Institutional investors and hedge funds own 24.68% of the company’s stock.

ACNB Company Profile

ACNB Corporation, a financial holding company, provides banking, insurance, and financial services to individual, business, and government customers in the United States. The company offers checking, savings, and money market deposit accounts, as well as time deposits and debit cards. It also provides 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 comprising home equity loans and lines of credit, automobile and recreational vehicle loans, manufactured housing loans, and personal lines of credit; and mortgage lending programs consisting of personal residential mortgages, and residential construction and investment mortgage loans.

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