Key Points
- Brett Fulk, ACNB's executive vice president, sold 1,486 shares on January 26 at an average price of $48.52 for about $72,100, cutting his holding by 58.64% to 1,048 shares (SEC Form 4 filed).
- ACNB reported Q4 EPS of $1.35 versus $1.26 expected and revenue of $40.74M versus $39.69M, with a ROE of 12.77%, net margin of 19.32%, a market cap of ~$506.6M and a PE of 13.77.
- Analysts' consensus is an overall Buy with an average price target of $48.67, and institutional investors own about 32.35% of the company as several funds recently increased positions.
ACNB Corporation (NASDAQ:ACNB - Get Free Report) EVP Brett Fulk sold 1,486 shares of the stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $48.52, for a total transaction of $72,100.72. Following the completion of the sale, the executive vice president owned 1,048 shares of the company's stock, valued at approximately $50,848.96. The trade was a 58.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
ACNB Price Performance
ACNB stock opened at $48.76 on Wednesday. ACNB Corporation has a 1 year low of $35.70 and a 1 year high of $53.41. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.96 and a quick ratio of 0.95. The firm has a market capitalization of $506.62 million, a PE ratio of 13.77 and a beta of 0.87. The business has a 50 day simple moving average of $49.38 and a 200-day simple moving average of $46.20.
ACNB (NASDAQ:ACNB - Get Free Report) last announced 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 the consensus estimate of $39.69 million. ACNB had a return on equity of 12.77% and a net margin of 19.32%. Equities research analysts anticipate that ACNB Corporation will post 3.22 earnings per share for the current fiscal year.
Hedge Funds Weigh In On ACNB
Hedge funds have recently made changes to their positions in the stock. Private Capital Management LLC increased its holdings in ACNB by 9.9% in the 3rd quarter. Private Capital Management LLC now owns 345,626 shares of the bank's stock valued at $15,221,000 after purchasing an additional 31,113 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of ACNB by 2.7% during the third quarter. Dimensional Fund Advisors LP now owns 311,278 shares of the bank's stock worth $13,708,000 after buying an additional 8,157 shares during the period. Geode Capital Management LLC grew its stake in shares of ACNB by 11.5% in the second 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 in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of ACNB by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 148,523 shares of the bank's stock valued at $6,363,000 after buying an additional 1,224 shares during the period. Finally, Bridgeway Capital Management LLC lifted its stake in ACNB by 3.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 100,511 shares of the bank's stock worth $4,306,000 after acquiring an additional 3,455 shares in the last quarter. Hedge funds and other institutional investors own 32.35% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of ACNB from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 30th. Weiss Ratings restated a "buy (b-)" rating on shares of ACNB in a report on Monday, December 29th. Raymond James Financial lowered shares of ACNB from an "outperform" rating to a "market perform" rating in a research report on Tuesday, October 7th. Piper Sandler increased their price objective on ACNB from $50.00 to $52.00 and gave the stock an "overweight" rating in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded ACNB from a "hold" rating to a "buy" rating in a research report on Saturday, November 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $48.67.
Check Out Our Latest Stock Analysis on ACNB
ACNB Company Profile
(
Get Free Report)
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.
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