ACNB (NASDAQ:ACNB) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

ACNB Co. (NASDAQ:ACNB) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $41.54 and traded as low as $35.89. ACNB shares last traded at $36.69, with a volume of 20,203 shares traded.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com upgraded ACNB from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Janney Montgomery Scott initiated coverage on shares of ACNB in a research report on Tuesday, November 19th. They set a “buy” rating and a $53.00 price objective on the stock.

ACNB Trading Down 3.7 %

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 fifty day moving average of $44.25 and a two-hundred day moving average of $41.63. The stock has a market capitalization of $313.66 million, a price-to-earnings ratio of 10.67 and a beta of 0.66.

ACNB (NASDAQ:ACNB) last posted 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 analyst estimates of $27.51 million. ACNB had a net margin of 23.43% and a return on equity of 10.18%. On average, research analysts expect that ACNB Co. will post 3.56 EPS for the current year.

ACNB Announces Dividend

The company 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 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Friday, November 29th. ACNB’s payout ratio is presently 37.21%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of ACNB by 3.9% during the 3rd quarter. FMR LLC now owns 570,731 shares of the bank’s stock valued at $24,924,000 after purchasing an additional 21,358 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of ACNB in the third quarter valued at about $834,000. The Manufacturers Life Insurance Company raised its position in ACNB by 13.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 116,196 shares of the bank’s stock valued at $5,074,000 after buying an additional 13,840 shares during the last quarter. Ellsworth Advisors LLC acquired a new position in ACNB during the 3rd quarter worth approximately $547,000. Finally, Barclays PLC raised its holdings in shares of ACNB by 286.7% in the third quarter. Barclays PLC now owns 10,807 shares of the bank’s stock valued at $472,000 after purchasing an additional 8,012 shares during the last quarter. Institutional investors and hedge funds 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.