ACNB (NASDAQ:ACNB) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

ACNB Corporation (NASDAQ:ACNB) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $47.96 and traded as low as $47.08. ACNB shares last traded at $47.57, with a volume of 60,972 shares traded.

Wall Street Analysts Forecast Growth

ACNB has been the subject of several research reports. Wall Street Zen cut ACNB from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of ACNB in a report on Friday, March 27th. Finally, Zacks Research cut shares of ACNB from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, ACNB currently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

ACNB Stock Up 0.4%

The company has a market capitalization of $497.32 million, a price-to-earnings ratio of 13.57 and a beta of 0.86. The business has a fifty day simple moving average of $49.52 and a two-hundred day simple moving average of $47.98. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

ACNB (NASDAQ:ACNB) last issued 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. The business had revenue of $40.74 million during the quarter, compared to analysts’ expectations of $39.69 million. ACNB had a return on equity of 12.58% and a net margin of 19.32%. Equities analysts expect that ACNB Corporation will post 3.22 EPS for the current year.

ACNB Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.2%. ACNB’s dividend payout ratio (DPR) is presently 42.94%.

Insider Buying and Selling 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 transaction, the executive vice president directly owned 1,048 shares of the company’s stock, valued at $50,848.96. This trade represents a 58.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction, the senior vice president owned 2,632 shares in the company, valued at approximately $135,021.60. This trade represents a 22.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ACNB

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Capital Management LLC increased its position in ACNB by 7.3% in the 4th quarter. Private Capital Management LLC now owns 370,742 shares of the bank’s stock valued at $17,925,000 after acquiring an additional 25,116 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of ACNB by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 320,055 shares of the bank’s stock valued at $15,475,000 after purchasing an additional 8,777 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of ACNB by 11.5% during the second quarter. Geode Capital Management LLC now owns 243,474 shares of the bank’s stock valued at $10,432,000 after purchasing an additional 25,142 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of ACNB by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 148,523 shares of the bank’s stock valued at $6,363,000 after purchasing an additional 1,224 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its position in ACNB by 5.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 105,905 shares of the bank’s stock worth $5,121,000 after purchasing an additional 5,218 shares during the last quarter. 32.35% of the stock is owned by institutional investors and hedge funds.

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.