SPC Financial Inc. Buys 5,410 Shares of ACNB Co. (NASDAQ:ACNB)

SPC Financial Inc. raised its stake in ACNB Co. (NASDAQ:ACNB) by 87.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,610 shares of the bank’s stock after purchasing an additional 5,410 shares during the period. SPC Financial Inc.’s holdings in ACNB were worth $462,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings in ACNB by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 24,843 shares of the bank’s stock valued at $989,000 after purchasing an additional 1,500 shares during the period. Bank of New York Mellon Corp boosted its holdings in ACNB by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 24,524 shares of the bank’s stock valued at $977,000 after purchasing an additional 785 shares during the period. Rhumbline Advisers boosted its holdings in ACNB by 2.2% in the 4th quarter. Rhumbline Advisers now owns 12,405 shares of the bank’s stock valued at $494,000 after purchasing an additional 268 shares during the period. Stonebridge Financial Group LLC bought a new stake in ACNB in the 4th quarter valued at $42,000. Finally, Empowered Funds LLC boosted its holdings in ACNB by 5.0% in the 4th quarter. Empowered Funds LLC now owns 49,787 shares of the bank’s stock valued at $1,983,000 after purchasing an additional 2,379 shares during the period. 32.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ACNB has been the subject of a number of research reports. Piper Sandler raised shares of ACNB from a “neutral” rating to an “overweight” rating and increased their price target for the company from $37.00 to $50.00 in a report on Monday. Janney Montgomery Scott initiated coverage on shares of ACNB in a research note on Tuesday, November 19th. They issued a “buy” rating and a $53.00 price objective for the company. Finally, StockNews.com upgraded shares of ACNB from a “sell” rating to a “hold” rating in a research note on Friday, November 15th.

ACNB Trading Down 1.7 %

Shares of ACNB stock opened at $41.16 on Thursday. ACNB Co. has a 52-week low of $30.24 and a 52-week high of $50.72. The stock has a market cap of $351.88 million, a price-to-earnings ratio of 11.03 and a beta of 0.65. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a fifty day moving average of $40.13 and a 200-day moving average of $42.37.

ACNB (NASDAQ:ACNB) last announced its earnings results on Thursday, January 23rd. The bank reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.06). ACNB had a return on equity of 10.91% and a net margin of 24.09%. On average, equities research analysts forecast that ACNB Co. will post 3.22 earnings per share for the current fiscal year.

ACNB Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday, February 28th. ACNB’s dividend payout ratio (DPR) is currently 34.32%.

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.