ACNB (NASDAQ:ACNB) Stock Rating Upgraded by Piper Sandler

ACNB (NASDAQ:ACNB) was upgraded by research analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a report released on Monday, Marketbeat.com reports. The firm presently has a $50.00 price target on the bank’s stock, up from their prior price target of $37.00. Piper Sandler’s price target points to a potential upside of 19.45% from the company’s previous close.

Several other equities analysts have also recently issued reports on ACNB. Janney Montgomery Scott initiated coverage on shares of ACNB in a research note on Tuesday, November 19th. They issued a “buy” rating and a $53.00 target price for the company. StockNews.com upgraded shares of ACNB from a “sell” rating to a “hold” rating in a research report on Friday, November 15th.

ACNB Stock Performance

Shares of NASDAQ ACNB opened at $41.86 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.83. The company has a 50 day simple moving average of $40.11 and a two-hundred day simple moving average of $42.36. ACNB has a 12 month low of $30.24 and a 12 month high of $50.72. The stock has a market cap of $357.86 million, a price-to-earnings ratio of 11.22 and a beta of 0.65.

ACNB (NASDAQ:ACNB) last posted its 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 net margin of 24.09% and a return on equity of 10.91%. As a group, analysts predict that ACNB will post 3.22 earnings per share for the current year.

Institutional Investors Weigh In On ACNB

Large investors have recently modified their holdings of the business. Stonebridge Financial Group LLC purchased a new stake in shares of ACNB during the fourth quarter worth $42,000. Tower Research Capital LLC TRC grew its holdings in shares of ACNB by 431.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,505 shares of the bank’s stock valued at $60,000 after purchasing an additional 1,222 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of ACNB in the fourth quarter valued at about $92,000. SG Americas Securities LLC grew its holdings in shares of ACNB by 35.3% in the fourth 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 during the period. Finally, Haverford Trust Co purchased a new stake in shares of ACNB in the third quarter valued at about $200,000. Hedge funds and other institutional investors own 32.35% of the company’s 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.