SPC Financial Inc. Has $462,000 Holdings in ACNB Co. (NASDAQ:ACNB)

SPC Financial Inc. increased its position in shares of ACNB Co. (NASDAQ:ACNB) by 87.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,610 shares of the bank’s stock after acquiring an additional 5,410 shares during the quarter. SPC Financial Inc. owned 0.14% of ACNB worth $462,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. FMR LLC increased its stake in ACNB by 3.9% in the 3rd quarter. FMR LLC now owns 570,731 shares of the bank’s stock valued at $24,924,000 after buying an additional 21,358 shares during the period. Geode Capital Management LLC increased its stake 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 buying an additional 2,026 shares during the period. State Street Corp increased its stake in ACNB by 3.5% in the 3rd quarter. State Street Corp now owns 142,024 shares of the bank’s stock valued at $6,202,000 after buying an additional 4,851 shares during the period. The Manufacturers Life Insurance Company increased its stake in ACNB by 13.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 116,196 shares of the bank’s stock valued at $5,074,000 after buying an additional 13,840 shares during the period. Finally, Empowered Funds LLC increased its stake in ACNB by 5.0% in the 4th quarter. Empowered Funds LLC now owns 49,787 shares of the bank’s stock valued at $1,983,000 after buying an additional 2,379 shares during the period. Institutional investors and hedge funds own 32.35% of the company’s stock.

ACNB Stock Performance

ACNB stock opened at $41.16 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $351.88 million, a price-to-earnings ratio of 11.03 and a beta of 0.65. ACNB Co. has a 12 month low of $30.24 and a 12 month high of $50.72. The firm has a 50 day moving average of $40.13 and a two-hundred day moving average of $42.37.

ACNB (NASDAQ:ACNB) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.06). ACNB had a return on equity of 10.91% and a net margin of 24.09%. As a group, equities analysts anticipate that ACNB Co. will post 3.22 EPS for the current fiscal year.

ACNB Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, February 28th. ACNB’s dividend payout ratio is currently 34.32%.

Wall Street Analysts Forecast Growth

ACNB has been the topic of several research reports. StockNews.com upgraded shares of ACNB from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Piper Sandler raised shares of ACNB from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $37.00 to $50.00 in a research report on Monday. Finally, Janney Montgomery Scott assumed coverage on shares of ACNB in a research report on Tuesday, November 19th. They issued a “buy” rating and a $53.00 target price for the company.

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.