ACNB Co. (NASDAQ:ACNB – Get Rating) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 67,900 shares, a drop of 6.6% from the March 15th total of 72,700 shares. Based on an average trading volume of 10,400 shares, the days-to-cover ratio is currently 6.5 days. Approximately 0.8% of the shares of the company are sold short.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on ACNB in a report on Thursday, March 16th. They issued a “hold” rating for the company.
ACNB Trading Up 0.5 %
Shares of ACNB opened at $31.60 on Thursday. The stock has a 50 day simple moving average of $34.13 and a 200-day simple moving average of $36.05. ACNB has a 1 year low of $28.40 and a 1 year high of $41.28. The stock has a market cap of $269.23 million, a PE ratio of 7.61 and a beta of 0.36. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.09.
ACNB (NASDAQ:ACNB – Get Rating) last released its quarterly earnings results on Thursday, January 26th. The bank reported $1.20 earnings per share for the quarter. ACNB had a return on equity of 14.59% and a net margin of 32.84%. The firm had revenue of $29.47 million during the quarter.
ACNB Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were given a $0.28 dividend. The ex-dividend date was Tuesday, February 28th. This represents a $1.12 dividend on an annualized basis and a yield of 3.54%. ACNB’s payout ratio is 26.99%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of ACNB. Bank of New York Mellon Corp boosted its position in ACNB by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 28,411 shares of the bank’s stock valued at $993,000 after buying an additional 891 shares during the last quarter. American Century Companies Inc. boosted its position in shares of ACNB by 29.6% in the 1st quarter. American Century Companies Inc. now owns 28,918 shares of the bank’s stock worth $1,011,000 after purchasing an additional 6,603 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of ACNB by 37.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,864 shares of the bank’s stock worth $415,000 after purchasing an additional 3,242 shares during the last quarter. Citigroup Inc. bought a new position in shares of ACNB in the 1st quarter worth $140,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of ACNB by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 172,156 shares of the bank’s stock worth $6,017,000 after purchasing an additional 9,196 shares during the last quarter. 28.64% of the stock is currently owned by institutional investors.
ACNB Company Profile
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.