Fintel reports that on July 31, 2024, Hovde Group upgraded their outlook for ACNB (NasdaqCM:ACNB) from Market Perform to Outperform.
Analyst Price Forecast Suggests 9.02% Downside
As of July 24, 2024, the average one-year price target for ACNB is $37.74/share. The forecasts range from a low of $37.37 to a high of $38.85. The average price target represents a decrease of 9.02% from its latest reported closing price of $41.48 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for ACNB is 112MM, an increase of 7.45%. The projected annual non-GAAP EPS is 3.76.
What is the Fund Sentiment?
There are 178 funds or institutions reporting positions in ACNB. This is an decrease of 3 owner(s) or 1.66% in the last quarter. Average portfolio weight of all funds dedicated to ACNB is 0.01%, an increase of 8.21%. Total shares owned by institutions increased in the last three months by 3.83% to 3,106K shares. 
The put/call ratio of ACNB is 3.53, indicating a bearish outlook.
What are Other Shareholders Doing?
FLPSX - Fidelity Low-Priced Stock Fund holds 355K shares representing 4.16% ownership of the company. In its prior filing, the firm reported owning 374K shares , representing a decrease of 5.29%. The firm decreased its portfolio allocation in ACNB by 21.73% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 241K shares representing 2.82% ownership of the company. In its prior filing, the firm reported owning 240K shares , representing an increase of 0.16%. The firm decreased its portfolio allocation in ACNB by 23.29% over the last quarter.
IWM - iShares Russell 2000 ETF holds 218K shares representing 2.55% ownership of the company. In its prior filing, the firm reported owning 241K shares , representing a decrease of 10.92%. The firm decreased its portfolio allocation in ACNB by 22.01% over the last quarter.
Geode Capital Management holds 183K shares representing 2.14% ownership of the company. In its prior filing, the firm reported owning 176K shares , representing an increase of 3.67%. The firm decreased its portfolio allocation in ACNB by 22.91% over the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 130K shares representing 1.52% ownership of the company. In its prior filing, the firm reported owning 127K shares , representing an increase of 2.44%. The firm decreased its portfolio allocation in ACNB by 19.05% over the last quarter.
ACNB Background Information
(This description is provided by the company.)
ACNB Corporation, headquartered in Gettysburg, PA, is the $2.6 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, and Russell Insurance Group, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 21 community banking offices, located in the four southcentral Pennsylvania counties of Adams, Cumberland, Franklin and York, as well as loan offices in Lancaster and York, PA, and Hunt Valley, MD. As divisions of ACNB Bank operating in Maryland, FCB Bank and NWSB Bank serve the local marketplace with a network of five and seven community banking offices located in Frederick County and Carroll County, MD, respectively. Russell Insurance Group, Inc., the Corporation's insurance subsidiary, is a full-service agency with licenses in 44 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster, Germantown and Jarrettsville, MD, and Gettysburg, PA.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
