Wilmington Savings Fund Society FSB Takes Position in ACNB Co. (NASDAQ:ACNB)

Wilmington Savings Fund Society FSB purchased a new stake in ACNB Co. (NASDAQ:ACNB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,299 shares of the bank’s stock, valued at approximately $92,000.

Several other large investors have also modified their holdings of ACNB. SG Americas Securities LLC acquired a new stake in ACNB during the third quarter worth approximately $128,000. Haverford Trust Co acquired a new stake in ACNB during the third quarter worth approximately $200,000. Franklin Resources Inc. acquired a new stake in ACNB during the third quarter worth approximately $221,000. Martingale Asset Management L P acquired a new stake in ACNB during the third quarter worth approximately $223,000. Finally, SPC Financial Inc. acquired a new stake in ACNB during the third quarter worth approximately $271,000. 32.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of ACNB from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Janney Montgomery Scott started coverage on shares of ACNB in a research note on Tuesday, November 19th. They set a “buy” rating and a $53.00 price target on the stock.

ACNB Stock Performance

ACNB stock opened at $41.08 on Friday. ACNB Co. has a 12-month low of $30.24 and a 12-month high of $50.72. The company has a market capitalization of $351.23 million, a price-to-earnings ratio of 11.01 and a beta of 0.65. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.94 and a quick ratio of 0.94. The firm’s fifty day moving average price is $40.96 and its 200 day moving average price is $42.07.

ACNB (NASDAQ:ACNB) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.06). ACNB had a return on equity of 10.91% and a net margin of 24.09%. On average, research analysts forecast that ACNB Co. will post 3.22 EPS for the current fiscal year.

ACNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.12%. The ex-dividend date is Friday, February 28th. ACNB’s dividend payout ratio is currently 34.32%.

ACNB Profile

ACNB Corporation, a financial holding company, offers banking, insurance, and financial services to individual, business, and government customers in the United States. The company provides checking, savings, and money market deposit accounts, as well as time deposits and debit cards. It also offers commercial lending products, such as commercial mortgages, real estate development and construction loans, accounts receivable and inventory financing, and agricultural and governmental loans; consumer lending products, including home equity loans and lines of credit, automobile and recreational vehicle loans, manufactured housing loans, and personal lines of credit; and mortgage lending programs include personal residential mortgages, and residential construction and investment mortgage loans.