Vanguard Group Inc. Sells 11,591 Shares of ACNB Co. (NASDAQ:ACNB)

Vanguard Group Inc. reduced its stake in shares of ACNB Co. ( NASDAQ:ACNB – Free Report ) by 2.

5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 444,733 shares of the bank’s stock after selling 11,591 shares during the period. Vanguard Group Inc.



owned approximately 0.05% of ACNB worth $17,714,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds also recently bought and sold shares of the stock.

State Street Corp boosted its position in shares of ACNB by 3.5% during the 3rd quarter. State Street Corp now owns 142,024 shares of the bank’s stock valued at $6,202,000 after acquiring an additional 4,851 shares during the last quarter.

Barclays PLC boosted its position in shares of ACNB by 286.7% during the third quarter. Barclays PLC now owns 10,807 shares of the bank’s stock valued at $472,000 after buying an additional 8,012 shares during the period.

Geode Capital Management LLC grew its position in ACNB by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 191,437 shares of the bank’s stock valued at $8,361,000 after acquiring an additional 2,026 shares during the last quarter.

Franklin Resources Inc. bought a new stake in ACNB during the 3rd quarter valued at about $221,000. Finally, JPMorgan Chase & Co.

boosted its holdings in shares of ACNB by 95.5% in the third quarter. JPMorgan Chase & Co.

now owns 11,148 shares of the bank’s stock valued at $487,000 after purchasing an additional 5,447 shares during the period. 32.35% of the stock is currently owned by institutional investors.

ACNB Stock Up 0.6 % ACNB stock opened at $40.35 on Thursday.

The firm has a market cap of $425.41 million, a PE ratio of 10.82 and a beta of 0.

69. ACNB Co. has a one year low of $30.

24 and a one year high of $50.72. The company has a debt-to-equity ratio of 0.

83, a quick ratio of 0.94 and a current ratio of 0.94.

The firm’s fifty day moving average is $40.72 and its 200 day moving average is $42.13.

ACNB Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.32 per share.

This represents a $1.28 annualized dividend and a yield of 3.17%.

The ex-dividend date of this dividend was Friday, February 28th. ACNB’s payout ratio is currently 34.32%.

Analysts Set New Price Targets ACNB has been the topic of a number of research reports. Raymond James started coverage on shares of ACNB in a research report on Friday, March 21st. They set an “outperform” rating and a $47.

00 target price on the stock. Piper Sandler upgraded shares of ACNB from a “neutral” rating to an “overweight” rating and upped their price target for the company from $37.00 to $50.

00 in a research note on Monday, March 3rd. Finally, UBS Group set a $47.00 target price on ACNB in a report on Friday, March 21st.

One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.40.

Read Our Latest Research Report on ACNB ACNB Profile ( 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.

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