ACNB (NASDAQ:ACNB) Issues Quarterly Earnings Results

ACNB (NASDAQ:ACNB) released its quarterly earnings results on Thursday. The bank reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.04), Zacks reports. The firm had revenue of $34.07 million during the quarter, compared to the consensus estimate of $27.51 million. ACNB had a net margin of 25.62% and a return on equity of 11.32%.

ACNB Trading Down 2.1 %

Shares of ACNB stock opened at $42.00 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.88. ACNB has a 1 year low of $30.24 and a 1 year high of $48.55. The firm’s fifty day simple moving average is $41.95 and its 200 day simple moving average is $37.15. The firm has a market capitalization of $358.68 million, a P/E ratio of 12.14 and a beta of 0.60.

ACNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.32 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.28 annualized dividend and a dividend yield of 3.05%. ACNB’s payout ratio is 36.99%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Hovde Group upgraded shares of ACNB from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Wednesday, July 31st. StockNews.com raised ACNB from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th.

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.