Haverford Trust Co Makes New Investment in ACNB Co. (NASDAQ:ACNB)

Haverford Trust Co bought a new stake in ACNB Co. (NASDAQ:ACNB) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,586 shares of the bank’s stock, valued at approximately $200,000. Haverford Trust Co owned approximately 0.05% of ACNB as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of ACNB. Renaissance Technologies LLC lifted its holdings in ACNB by 1.7% in the 2nd quarter. Renaissance Technologies LLC now owns 17,856 shares of the bank’s stock worth $648,000 after buying an additional 300 shares in the last quarter. RKL Wealth Management LLC grew its stake in ACNB by 3.3% during the 3rd quarter. RKL Wealth Management LLC now owns 10,098 shares of the bank’s stock valued at $441,000 after purchasing an additional 326 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in ACNB by 83.3% during the 1st quarter. BNP Paribas Financial Markets now owns 4,091 shares of the bank’s stock worth $154,000 after purchasing an additional 1,859 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of ACNB by 8.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 30,534 shares of the bank’s stock valued at $1,107,000 after purchasing an additional 2,437 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of ACNB during the 3rd quarter valued at approximately $128,000. 32.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on ACNB. StockNews.com raised shares of ACNB from a “sell” rating to a “hold” rating in a report on Friday. Hovde Group raised shares of ACNB from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Wednesday, July 31st.

ACNB Stock Performance

ACNB stock opened at $47.50 on Friday. The firm has a market cap of $406.08 million, a P/E ratio of 13.81 and a beta of 0.61. ACNB Co. has a 12-month low of $30.24 and a 12-month high of $50.72. The stock’s 50 day simple moving average is $43.15 and its 200 day simple moving average is $38.30. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.83.

ACNB (NASDAQ:ACNB) last posted its earnings results on Thursday, October 24th. The bank reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.04). The firm had revenue of $34.07 million for the quarter, compared to analyst estimates of $27.51 million. ACNB had a net margin of 23.43% and a return on equity of 10.18%. As a group, equities research analysts predict that ACNB Co. will post 3.3 EPS for the current year.

ACNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Friday, November 29th. ACNB’s payout ratio is currently 37.21%.

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.