Empowered Funds LLC Buys 2,379 Shares of ACNB Co. (NASDAQ:ACNB)

Empowered Funds LLC raised its stake in shares of ACNB Co. (NASDAQ:ACNB) by 5.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 49,787 shares of the bank’s stock after acquiring an additional 2,379 shares during the period. Empowered Funds LLC owned approximately 0.58% of ACNB worth $1,983,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC lifted its stake in 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 acquiring an additional 21,358 shares during the period. Geode Capital Management LLC lifted its stake in ACNB by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 191,437 shares of the bank’s stock valued at $8,361,000 after acquiring an additional 2,026 shares during the period. State Street Corp lifted its stake in shares of ACNB by 3.5% in the 3rd quarter. State Street Corp now owns 142,024 shares of the bank’s stock worth $6,202,000 after purchasing an additional 4,851 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of ACNB by 13.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 116,196 shares of the bank’s stock worth $5,074,000 after purchasing an additional 13,840 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in shares of ACNB in the 3rd quarter worth approximately $834,000. Institutional investors own 32.35% of the company’s stock.

ACNB Price Performance

NASDAQ ACNB opened at $41.53 on Friday. ACNB Co. has a 12 month low of $30.24 and a 12 month high of $50.72. The stock has a market cap of $355.08 million, a price-to-earnings ratio of 11.13 and a beta of 0.65. The company’s 50 day moving average is $40.86 and its two-hundred day moving average is $42.09. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.83.

ACNB (NASDAQ:ACNB) last released its earnings results on Thursday, January 23rd. The bank reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.06). ACNB had a return on equity of 10.91% and a net margin of 24.09%. As a group, research analysts anticipate that ACNB Co. will post 3.22 earnings per share for the current year.

ACNB Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Friday, February 28th. ACNB’s dividend payout ratio (DPR) is currently 34.32%.

Analyst Upgrades and Downgrades

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

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.