ACNB Corporation (NASDAQ:ACNB) Given Consensus Recommendation of "Moderate Buy" by Analysts

ACNB Corporation (NASDAQ:ACNB) has received a consensus recommendation of "Moderate Buy" from five research firms. Analysts have varied ratings, with two holding, two buying, and one strongly buying the stock. The average 1-year price target is $49.75. The company recently reported earnings of $1.42 per share, exceeding estimates, and announced a dividend increase to $0.38 per share. Institutional investors hold 32.35% of ACNB's stock, reflecting growing interest in the company.

Shares of ACNB Corporation (NASDAQ:ACNB - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $49.75.

A number of equities analysts recently issued reports on the company. Zacks Research upgraded ACNB from a "hold" rating to a "strong-buy" rating in a report on Thursday. Piper Sandler lifted their price target on ACNB from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Thursday. Weiss Ratings reiterated a "hold (c+)" rating on shares of ACNB in a report on Wednesday, October 8th. Finally, Raymond James Financial downgraded ACNB from an "outperform" rating to a "market perform" rating in a report on Tuesday, October 7th.

Get Our Latest Report on ACNB

ACNB Stock Performance

Shares of NASDAQ ACNB opened at $45.18 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $472.94 million, a price-to-earnings ratio of 13.82 and a beta of 0.95. The stock's fifty day simple moving average is $44.58 and its 200 day simple moving average is $43.30. ACNB has a 52-week low of $35.70 and a 52-week high of $50.72.

ACNB (NASDAQ:ACNB - Get Free Report) last issued its earnings results on Thursday, October 23rd. The bank reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.22. The business had revenue of $40.54 million for the quarter, compared to analysts' expectations of $39.83 million. ACNB had a return on equity of 11.95% and a net margin of 18.47%. As a group, sell-side analysts forecast that ACNB will post 3.22 earnings per share for the current fiscal year.

ACNB Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.38 per share. This is a positive change from ACNB's previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, December 1st. ACNB's dividend payout ratio is presently 46.48%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ACNB. Cambridge Investment Research Advisors Inc. purchased a new position in shares of ACNB during the first quarter valued at $203,000. Vanguard Group Inc. grew its holdings in shares of ACNB by 10.4% during the first quarter. Vanguard Group Inc. now owns 490,884 shares of the bank's stock valued at $20,205,000 after buying an additional 46,151 shares in the last quarter. Invesco Ltd. grew its holdings in shares of ACNB by 12.8% during the first quarter. Invesco Ltd. now owns 19,325 shares of the bank's stock valued at $795,000 after buying an additional 2,194 shares in the last quarter. Bare Financial Services Inc acquired a new stake in ACNB during the first quarter valued at $347,000. Finally, Nuveen LLC acquired a new stake in ACNB during the first quarter valued at $717,000. Hedge funds and other institutional investors own 32.35% of the company's stock.

ACNB Company Profile

(Get Free Report)

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.

Should You Invest $1,000 in ACNB Right Now?

Before you consider ACNB, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ACNB wasn't on the list.

While ACNB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here