Ellsworth Advisors LLC Invests $547,000 in ACNB Co. (NASDAQ:ACNB)

Ellsworth Advisors LLC bought a new position in ACNB Co. (NASDAQ:ACNB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 12,531 shares of the bank’s stock, valued at approximately $547,000. Ellsworth Advisors LLC owned approximately 0.15% of ACNB as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ACNB. SPC Financial Inc. purchased a new position in shares of ACNB in the 3rd quarter worth about $271,000. Vanguard Group Inc. boosted its stake in ACNB by 1.4% in the first quarter. Vanguard Group Inc. now owns 425,755 shares of the bank’s stock worth $16,008,000 after buying an additional 5,724 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in ACNB by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 253,306 shares of the bank’s stock worth $9,186,000 after buying an additional 5,119 shares in the last quarter. Empowered Funds LLC grew its position in ACNB by 8.2% during the first quarter. Empowered Funds LLC now owns 41,756 shares of the bank’s stock valued at $1,570,000 after acquiring an additional 3,150 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of ACNB during the third quarter worth approximately $128,000. Institutional investors own 32.35% of the company’s stock.

Analyst Upgrades and Downgrades

ACNB has been the topic of several recent research reports. StockNews.com raised shares of ACNB from a “sell” rating to a “hold” rating in a report on Thursday, July 25th. Hovde Group raised ACNB from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Wednesday, July 31st.

ACNB Stock Performance

Shares of ACNB stock opened at $44.10 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.93 and a current ratio of 0.93. ACNB Co. has a fifty-two week low of $30.24 and a fifty-two week high of $48.55. The company has a market capitalization of $376.61 million, a P/E ratio of 12.75 and a beta of 0.60. The stock has a 50 day moving average price of $41.53 and a two-hundred day moving average price of $36.87.

ACNB (NASDAQ:ACNB) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.48. The business had revenue of $33.30 million for the quarter, compared to analyst estimates of $26.66 million. ACNB had a net margin of 25.62% and a return on equity of 11.32%. Analysts expect that ACNB Co. will post 3.3 earnings per share for the current year.

ACNB Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.90%. ACNB’s dividend payout ratio is presently 36.99%.

ACNB 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.