Ellsworth Advisors LLC Has $557,000 Stock Holdings in ACNB Co. (NASDAQ:ACNB)

Ellsworth Advisors LLC raised its position in ACNB Co. (NASDAQ:ACNB) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,979 shares of the bank’s stock after buying an additional 1,448 shares during the quarter. Ellsworth Advisors LLC owned 0.16% of ACNB worth $557,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in ACNB by 95.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,148 shares of the bank’s stock valued at $487,000 after buying an additional 5,447 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of ACNB during the 3rd quarter worth $221,000. Barclays PLC grew its holdings in shares of ACNB by 286.7% during the 3rd quarter. Barclays PLC now owns 10,807 shares of the bank’s stock worth $472,000 after purchasing an additional 8,012 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of ACNB by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 191,437 shares of the bank’s stock worth $8,361,000 after purchasing an additional 2,026 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of ACNB by 3.5% during the 3rd quarter. State Street Corp now owns 142,024 shares of the bank’s stock worth $6,202,000 after purchasing an additional 4,851 shares in the last quarter. 32.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. StockNews.com raised ACNB from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Janney Montgomery Scott assumed coverage on ACNB in a report on Tuesday, November 19th. They set a “buy” rating and a $53.00 target price on the stock.

ACNB Stock Performance

NASDAQ:ACNB opened at $39.58 on Tuesday. The stock’s 50-day simple moving average is $43.30 and its 200 day simple moving average is $41.83. The firm has a market capitalization of $338.41 million, a PE ratio of 11.51 and a beta of 0.66. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.83. ACNB Co. has a twelve month low of $30.24 and a twelve month high of $50.72.

ACNB (NASDAQ:ACNB) last released its quarterly earnings data on Thursday, October 24th. The bank reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.04). The business had revenue of $34.07 million during the quarter, compared to analyst estimates of $27.51 million. ACNB had a net margin of 23.43% and a return on equity of 10.18%. On average, analysts anticipate that ACNB Co. will post 3.56 EPS for the current fiscal year.

ACNB Company 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.