ACNB (NASDAQ:ACNB) Releases Quarterly Earnings Results

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

ACNB Stock Performance

ACNB traded down $0.88 on Friday, reaching $42.00. The company had a trading volume of 5,898 shares, compared to its average volume of 16,192. The company has a quick ratio of 0.93, a current 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 stock has a market capitalization of $358.68 million, a PE ratio of 12.14 and a beta of 0.60. The stock has a 50-day moving average price of $41.95 and a 200-day moving average price of $37.13.

ACNB Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, November 29th. ACNB’s dividend payout ratio (DPR) is 36.99%.

Analyst Ratings Changes

ACNB has been the subject of a number of recent research reports. Hovde Group upgraded shares of ACNB from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research note on Wednesday, July 31st. StockNews.com upgraded shares of ACNB from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th.

About ACNB

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.