Susquehanna Fundamental Investments LLC Takes Position in ACNB Corporation $ACNB

Susquehanna Fundamental Investments LLC acquired a new position in shares of ACNB Corporation (NASDAQ:ACNB) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,761 shares of the bank’s stock, valued at approximately $461,000. Susquehanna Fundamental Investments LLC owned about 0.08% of ACNB at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in ACNB during the 1st quarter valued at approximately $213,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of ACNB by 5.0% during 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 period. Rhumbline Advisers increased its position in shares of ACNB by 31.9% during the second quarter. Rhumbline Advisers now owns 15,515 shares of the bank’s stock worth $665,000 after buying an additional 3,749 shares during the period. First Trust Advisors LP raised its stake in ACNB by 5.2% during the second quarter. First Trust Advisors LP now owns 6,725 shares of the bank’s stock worth $288,000 after buying an additional 334 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in ACNB by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 148,523 shares of the bank’s stock worth $6,363,000 after buying an additional 1,224 shares during the last quarter. Institutional investors and hedge funds own 32.35% of the company’s stock.

ACNB Price Performance

ACNB stock opened at $65.20 on Thursday. 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 business has a 50-day simple moving average of $62.59 and a two-hundred day simple moving average of $55.44. The company has a market capitalization of $663.08 million, a P/E ratio of 12.37 and a beta of 0.86. ACNB Corporation has a 52-week low of $42.52 and a 52-week high of $66.53.

ACNB (NASDAQ:ACNB) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. The firm had revenue of $42.82 million during the quarter, compared to the consensus estimate of $42.21 million. ACNB had a return on equity of 13.78% and a net margin of 27.15%. Research analysts expect that ACNB Corporation will post 5.72 EPS for the current fiscal year.

ACNB Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 1st. ACNB’s dividend payout ratio is presently 31.88%.

Analyst Ratings Changes

A number of analysts have weighed in on ACNB shares. Hovde Group increased their price target on ACNB from $57.00 to $64.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Piper Sandler boosted their price objective on ACNB from $58.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of ACNB in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.