ACNB (NASDAQ:ACNB) Stock Price Passes Below Two Hundred Day Moving Average of $36.38

ACNB Co. (NASDAQ:ACNB – Get Rating)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.38 and traded as low as $31.45. ACNB shares last traded at $32.51, with a volume of 21,418 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of ACNB from a “buy” rating to a “hold” rating in a research report on Monday, December 12th.

ACNB Stock Down 6.5 %

The company has a market capitalization of $276.82 million, a P/E ratio of 7.83 and a beta of 0.37. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.75 and a current ratio of 0.75. The firm’s fifty day moving average is $37.78 and its 200-day moving average is $36.38.

ACNB (NASDAQ:ACNB – Get Rating) last announced its quarterly earnings results on Thursday, January 26th. The bank reported $1.20 earnings per share (EPS) for the quarter. ACNB had a net margin of 32.84% and a return on equity of 14.59%. The company had revenue of $29.47 million for the quarter.

ACNB Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Tuesday, February 28th. ACNB’s payout ratio is 26.99%.

Institutional Investors Weigh In On ACNB

A number of institutional investors have recently added to or reduced their stakes in ACNB. Lazard Asset Management LLC acquired a new position in shares of ACNB in the 4th quarter worth approximately $28,000. Tower Research Capital LLC TRC lifted its position in shares of ACNB by 78.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,974 shares of the bank’s stock worth $60,000 after purchasing an additional 865 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of ACNB by 16,530.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,162 shares of the bank’s stock worth $64,000 after purchasing an additional 2,149 shares during the period. Barclays PLC lifted its position in shares of ACNB by 533.0% during the 4th quarter. Barclays PLC now owns 2,222 shares of the bank’s stock valued at $88,000 after acquiring an additional 1,871 shares during the period. Finally, UBS Group AG lifted its position in shares of ACNB by 600.0% during the 4th quarter. UBS Group AG now owns 2,282 shares of the bank’s stock valued at $91,000 after acquiring an additional 1,956 shares during the period. 28.64% of the stock is owned by institutional investors.

ACNB Company Profile

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ACNB Corp. is a holding company. The firm engages in the provision of banking, financial and wealth management services. It operates through the following segments: Bank and RIG. The Bank segment offers bank and related financial services. The RIG segment offers property and casualty, life and health insurance to both commercial and individual clients.