Franklin Resources Inc. Invests $221,000 in ACNB Co. (NASDAQ:ACNB)

Franklin Resources Inc. acquired a new position in shares of ACNB Co. (NASDAQ:ACNB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,223 shares of the bank’s stock, valued at approximately $221,000.

Several other large investors also recently modified their holdings of ACNB. SG Americas Securities LLC bought a new stake in ACNB during the third quarter valued at $128,000. Haverford Trust Co acquired a new position in shares of ACNB in the 3rd quarter valued at about $200,000. Martingale Asset Management L P bought a new stake in shares of ACNB during the 3rd quarter valued at about $223,000. SPC Financial Inc. acquired a new stake in ACNB during the third quarter worth approximately $271,000. Finally, BNP Paribas Financial Markets grew its stake in ACNB by 352.3% during the third quarter. BNP Paribas Financial Markets now owns 6,612 shares of the bank’s stock worth $289,000 after purchasing an additional 5,150 shares during the period. 32.35% of the stock is currently owned by institutional investors and hedge funds.

ACNB Stock Up 1.7 %

Shares of NASDAQ:ACNB opened at $39.83 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.94 and a current ratio of 0.94. ACNB Co. has a 52-week low of $30.24 and a 52-week high of $50.72. The business’s 50 day simple moving average is $44.76 and its two-hundred day simple moving average is $41.33. The firm has a market cap of $340.51 million, a P/E ratio of 11.58 and a beta of 0.63.

ACNB (NASDAQ:ACNB) last issued its earnings results on Thursday, October 24th. The bank reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.04). The firm had revenue of $34.07 million during the quarter, compared to the consensus estimate of $27.51 million. ACNB had a return on equity of 10.18% and a net margin of 23.43%. As a group, research analysts forecast that ACNB Co. will post 3.56 EPS for the current fiscal year.

ACNB Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Friday, November 29th. ACNB’s dividend payout ratio is currently 37.21%.

Analyst Ratings Changes

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

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.