ACNB (NASDAQ:ACNB) Hits New 12-Month High – Should You Buy?

Shares of ACNB Corporation (NASDAQ:ACNB) reached a new 52-week high on Thursday . The company traded as high as $53.76 and last traded at $52.71, with a volume of 4977 shares trading hands. The stock had previously closed at $53.16.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Zacks Research upgraded shares of ACNB from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Weiss Ratings restated a “buy (b-)” rating on shares of ACNB in a research note on Monday, December 29th. Piper Sandler lifted their price target on ACNB from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Wall Street Zen raised shares of ACNB from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given 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.

ACNB Trading Down 0.6%

The stock has a market capitalization of $549.11 million, a PE ratio of 14.93 and a beta of 0.87. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average price of $49.73 and a 200 day moving average price of $46.51.

ACNB (NASDAQ:ACNB) last released its earnings results on Thursday, January 22nd. The bank reported $1.35 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $39.69 million. Equities analysts expect that ACNB Corporation will post 3.22 EPS for the current fiscal year.

ACNB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, February 27th. ACNB’s payout ratio is presently 42.94%.

Insider Activity

In related news, EVP Brett D. Fulk sold 1,486 shares of the stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $48.52, for a total value of $72,100.72. Following the completion of the transaction, the executive vice president directly owned 1,048 shares in the company, valued at $50,848.96. This trade represents a 58.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin J. Hayes sold 750 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $51.30, for a total transaction of $38,475.00. Following the sale, the senior vice president owned 2,632 shares of the company’s stock, valued at approximately $135,021.60. This represents a 22.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 10,009 shares of company stock valued at $510,520. 3.53% of the stock is currently owned by company insiders.

Institutional Trading of ACNB

Several large investors have recently modified their holdings of the company. Equitable Trust Co. raised its stake in shares of ACNB by 2.5% in the fourth quarter. Equitable Trust Co. now owns 9,260 shares of the bank’s stock worth $448,000 after buying an additional 230 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in ACNB by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,942 shares of the bank’s stock worth $203,000 after buying an additional 234 shares during the last quarter. Allworth Financial LP boosted its position in shares of ACNB by 42.9% during the second quarter. Allworth Financial LP now owns 1,000 shares of the bank’s stock valued at $43,000 after buying an additional 300 shares during the period. First Trust Advisors LP boosted its stake in shares of ACNB by 5.2% during the second quarter. First Trust Advisors LP now owns 6,725 shares of the bank’s stock valued at $288,000 after purchasing an additional 334 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of ACNB by 56.5% in the second quarter. BNP Paribas Financial Markets now owns 1,036 shares of the bank’s stock valued at $44,000 after purchasing an additional 374 shares during the period. 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.