ACNB (NASDAQ:ACNB) Releases Quarterly Earnings Results, Beats Estimates By $0.48 EPS

ACNB (NASDAQ:ACNB) posted its earnings results on Wednesday. The bank reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.48, Yahoo Finance reports. The firm had revenue of $33.30 million during the quarter, compared to analyst estimates of $26.66 million. ACNB had a net margin of 25.62% and a return on equity of 11.51%.

ACNB Stock Up 0.2 %

ACNB traded up $0.06 on Friday, reaching $38.85. 10,333 shares of the company traded hands, compared to its average volume of 16,215. The stock’s 50 day moving average price is $34.14 and its 200-day moving average price is $35.85. ACNB has a 52-week low of $30.24 and a 52-week high of $48.55. The company has a market cap of $331.78 million, a price-to-earnings ratio of 11.21 and a beta of 0.62. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.92 and a quick ratio of 0.92.

ACNB Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Friday, August 30th. ACNB’s payout ratio is presently 36.99%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. StockNews.com raised shares of ACNB from a “sell” rating to a “hold” rating in a research note on Thursday. Piper Sandler cut their price target on shares of ACNB from $40.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st.

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.