Wall Street Zen Downgrades ACNB (NASDAQ:ACNB) to Hold

ACNB (NASDAQ:ACNB) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other analysts have also weighed in on the stock. Zacks Research lowered shares of ACNB from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings restated a “buy (b-)” rating on shares of ACNB in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $52.00.

ACNB Price Performance

Shares of ACNB stock opened at $46.00 on Friday. The stock has a 50 day moving average of $49.79 and a 200 day moving average of $47.86. ACNB has a 12 month low of $35.70 and a 12 month high of $53.89. The firm has a market cap of $476.10 million, a PE ratio of 12.99 and a beta of 0.86. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61.

ACNB (NASDAQ:ACNB) last released its quarterly earnings data 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. The business had revenue of $40.74 million for the quarter, compared to the consensus estimate of $39.69 million. ACNB had a return on equity of 12.58% and a net margin of 19.32%. On average, research analysts expect that ACNB will post 3.22 EPS for the current fiscal year.

Insider Transactions at ACNB

In related news, EVP Brett D. Fulk sold 1,486 shares of ACNB stock in a transaction dated Monday, January 26th. The shares were 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. This trade represents a 58.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kevin J. Hayes sold 750 shares of the business’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 completion of the sale, the senior vice president directly owned 2,632 shares of the company’s stock, valued at approximately $135,021.60. This trade represents a 22.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.53% of the company’s stock.

Institutional Trading of ACNB

Several institutional investors and hedge funds have recently modified their holdings of ACNB. Equitable Trust Co. boosted its holdings in shares of ACNB by 2.5% in the fourth quarter. Equitable Trust Co. now owns 9,260 shares of the bank’s stock valued at $448,000 after purchasing an additional 230 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in ACNB by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,942 shares of the bank’s stock worth $203,000 after purchasing an additional 234 shares during the period. Allworth Financial LP raised its position in ACNB by 42.9% during the 2nd quarter. Allworth Financial LP now owns 1,000 shares of the bank’s stock valued at $43,000 after purchasing an additional 300 shares in the last quarter. First Trust Advisors LP raised its position in ACNB by 5.2% during the 2nd 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 in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of ACNB by 56.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,036 shares of the bank’s stock worth $44,000 after buying an additional 374 shares during the period. Institutional investors own 32.35% of the company’s stock.

About ACNB

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.