StockNews.com Begins Coverage on ACNB (NASDAQ:ACNB)

Research analysts at StockNews.com started coverage on shares of ACNB (NASDAQ:ACNB – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the bank’s stock.

ACNB Stock Performance

NASDAQ:ACNB opened at $32.00 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a 50-day moving average of $37.51 and a two-hundred day moving average of $36.34. The stock has a market cap of $272.64 million, a P/E ratio of 7.71 and a beta of 0.37. ACNB has a 1-year low of $28.40 and a 1-year high of $41.28.

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

Institutional Investors Weigh In On ACNB

A number of institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC acquired a new stake in shares of ACNB in the 4th quarter valued at about $28,000. Charles Schwab Investment Management Inc. raised its stake in ACNB by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,183 shares of the bank’s stock worth $883,000 after acquiring an additional 485 shares during the period. Barclays PLC raised its stake in ACNB by 533.0% during the fourth quarter. Barclays PLC now owns 2,222 shares of the bank’s stock worth $88,000 after acquiring an additional 1,871 shares during the period. Martingale Asset Management L P acquired a new stake in ACNB during the fourth quarter worth about $219,000. Finally, Geode Capital Management LLC raised its stake in ACNB by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 154,387 shares of the bank’s stock worth $6,146,000 after acquiring an additional 6,009 shares during the period. Institutional investors and hedge funds own 28.64% of the company’s stock.

About ACNB

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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.