ACNB (NASDAQ:ACNB) Stock Rating Lowered by Wall Street Zen

ACNB (NASDAQ:ACNB) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other research analysts have also recently issued research reports about the company. Zacks Research cut ACNB from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings restated a “buy (b-)” rating on shares of ACNB in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

ACNB Price Performance

ACNB opened at $46.00 on Friday. ACNB has a twelve month low of $35.70 and a twelve month high of $53.89. The firm has a market cap of $476.10 million, a price-to-earnings ratio of 12.99 and a beta of 0.86. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61. The company has a fifty day simple moving average of $49.79 and a 200 day simple moving average of $47.82.

ACNB (NASDAQ:ACNB) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. The firm had revenue of $40.74 million for the quarter, compared to analyst estimates of $39.69 million. ACNB had a net margin of 19.32% and a return on equity of 12.58%. Equities research analysts expect that ACNB will post 3.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Brett D. Fulk sold 1,486 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $48.52, for a total transaction of $72,100.72. Following the sale, the executive vice president directly owned 1,048 shares of the company’s stock, valued at approximately $50,848.96. This represents a 58.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Kevin J. Hayes sold 750 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $51.30, for a total value of $38,475.00. Following the transaction, the senior vice president owned 2,632 shares in the company, valued at $135,021.60. This trade represents a 22.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.53% of the company’s stock.

Institutional Trading of ACNB

Institutional investors have recently added to or reduced their stakes in the business. Financial Consulate Inc. bought a new position in shares of ACNB in the 3rd quarter worth about $589,000. Geode Capital Management LLC grew its position in shares of ACNB by 11.5% during the 2nd quarter. Geode Capital Management LLC now owns 243,474 shares of the bank’s stock valued at $10,432,000 after buying an additional 25,142 shares during the last quarter. Maltese Capital Management LLC raised its stake in ACNB by 112.3% during the third quarter. Maltese Capital Management LLC now owns 50,700 shares of the bank’s stock worth $2,233,000 after acquiring an additional 26,820 shares during the period. Equitable Trust Co. raised its stake in ACNB by 2.5% during the fourth quarter. Equitable Trust Co. now owns 9,260 shares of the bank’s stock worth $448,000 after acquiring an additional 230 shares during the period. Finally, SG Americas Securities LLC bought a new position in ACNB in the fourth quarter worth about $133,000. Institutional investors own 32.35% of the company’s stock.

About ACNB

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.