ACNB Co. (NASDAQ:ACNB – Get Free Report) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 75,700 shares, a decrease of 7.6% from the February 29th total of 81,900 shares. Based on an average daily trading volume, of 17,800 shares, the short-interest ratio is presently 4.3 days. Currently, 0.9% of the company’s shares are sold short.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on ACNB shares. Hovde Group cut ACNB from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $40.00 to $47.00 in a report on Monday, December 18th. StockNews.com lowered ACNB from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Finally, Piper Sandler increased their price target on ACNB from $43.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, December 18th.
View Our Latest Analysis on ACNB
Institutional Investors Weigh In On ACNB
ACNB Trading Down 4.8 %
Shares of ACNB stock opened at $35.80 on Tuesday. ACNB has a 1 year low of $27.00 and a 1 year high of $48.55. The firm has a market cap of $304.48 million, a PE ratio of 9.62 and a beta of 0.59. The stock has a fifty day moving average price of $37.36 and a 200-day moving average price of $37.94. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.87 and a quick ratio of 0.87.
ACNB (NASDAQ:ACNB – Get Free Report) last announced its earnings results on Thursday, January 25th. The bank reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.48). ACNB had a net margin of 27.53% and a return on equity of 12.12%. The business had revenue of $22.46 million for the quarter, compared to analysts’ expectations of $27.75 million. Equities research analysts anticipate that ACNB will post 3.4 EPS for the current year.
ACNB Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.35%. The ex-dividend date was Thursday, February 29th. ACNB’s dividend payout ratio (DPR) is currently 32.26%.
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.
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