Segall Bryant & Hamill LLC Acquires Shares of 11,692 ACNB Corporation $ACNB

Segall Bryant & Hamill LLC acquired a new position in shares of ACNB Corporation (NASDAQ:ACNB) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 11,692 shares of the bank’s stock, valued at approximately $548,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ACNB. Maltese Capital Management LLC boosted its stake in shares of ACNB by 30.5% in the fourth quarter. Maltese Capital Management LLC now owns 66,164 shares of the bank’s stock valued at $3,199,000 after buying an additional 15,464 shares during the period. The Manufacturers Life Insurance Company increased its stake in ACNB by 11.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 162,978 shares of the bank’s stock worth $7,802,000 after acquiring an additional 17,337 shares during the period. Bank of New York Mellon Corp raised its holdings in ACNB by 8.3% in the 1st quarter. Bank of New York Mellon Corp now owns 37,274 shares of the bank’s stock valued at $1,784,000 after acquiring an additional 2,846 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of ACNB by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 334,844 shares of the bank’s stock valued at $16,029,000 after acquiring an additional 14,789 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of ACNB by 9.6% during the 1st quarter. Empowered Funds LLC now owns 59,757 shares of the bank’s stock valued at $2,861,000 after acquiring an additional 5,252 shares during the period. Institutional investors and hedge funds own 32.35% of the company’s stock.

ACNB Trading Down 0.3%

Shares of ACNB stock opened at $65.01 on Friday. ACNB Corporation has a fifty-two week low of $41.33 and a fifty-two week high of $65.94. The stock’s fifty day moving average price is $59.39 and its two-hundred day moving average price is $53.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 0.94. The company has a market cap of $663.75 million, a PE ratio of 12.34 and a beta of 0.86.

ACNB (NASDAQ:ACNB) last posted its quarterly earnings results on Thursday, July 23rd. The bank reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.11. ACNB had a return on equity of 13.83% and a net margin of 27.15%.The company had revenue of $42.82 million during the quarter, compared to analysts’ expectations of $42.21 million. Equities analysts predict that ACNB Corporation will post 5.72 EPS for the current fiscal year.

ACNB Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.68 annualized dividend and a yield of 2.6%. ACNB’s payout ratio is presently 31.88%.

Analyst Ratings Changes

Several analysts have recently issued reports on ACNB shares. Piper Sandler increased their target price on ACNB from $58.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ACNB in a research report on Tuesday, July 21st. Wall Street Zen downgraded shares of ACNB from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. Finally, Hovde Group raised their target price on shares of ACNB from $57.00 to $64.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $64.50.

ACNB 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.