Short Interest in ACNB Co. (NASDAQ:ACNB) Drops By 75.5%

ACNB Co. (NASDAQ:ACNB) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 60,000 shares, a decline of 75.5% from the January 31st total of 245,000 shares. Based on an average daily volume of 25,400 shares, the short-interest ratio is currently 2.4 days.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ACNB. Janney Montgomery Scott began coverage on ACNB in a research report on Tuesday, November 19th. They set a “buy” rating and a $53.00 target price for the company. StockNews.com raised ACNB from a “sell” rating to a “hold” rating in a research report on Friday, November 15th.

ACNB Trading Up 0.4 %

ACNB opened at $40.79 on Friday. The firm has a market cap of $348.75 million, a price-to-earnings ratio of 10.94 and a beta of 0.65. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.83. ACNB has a 12 month low of $30.24 and a 12 month high of $50.72. The stock has a fifty day moving average price of $40.08 and a 200-day moving average price of $42.25.

ACNB (NASDAQ:ACNB) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.77 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%. As a group, equities research analysts anticipate that ACNB will post 3.22 earnings per share for the current fiscal year.

ACNB Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.14%. The ex-dividend date is Friday, February 28th. ACNB’s dividend payout ratio is currently 34.32%.

Institutional Investors Weigh In On ACNB

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACNB. Stonebridge Financial Group LLC purchased a new stake in shares of ACNB during the fourth quarter worth about $42,000. Tower Research Capital LLC TRC grew its position in ACNB by 431.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,505 shares of the bank’s stock worth $60,000 after purchasing an additional 1,222 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in ACNB during the 4th quarter worth approximately $92,000. SG Americas Securities LLC increased its stake in ACNB by 35.3% during the 4th quarter. SG Americas Securities LLC now owns 3,963 shares of the bank’s stock valued at $158,000 after purchasing an additional 1,035 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of ACNB by 29.7% in the fourth quarter. Wells Fargo & Company MN now owns 5,004 shares of the bank’s stock worth $199,000 after buying an additional 1,147 shares during the last quarter. 32.35% of the stock is currently owned by hedge funds and other institutional investors.

ACNB Company 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.