ACNB (NASDAQ:ACNB) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS

ACNB (NASDAQ:ACNB) posted its quarterly earnings data on Thursday. The bank reported $0.84 earnings per share (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 analysts’ expectations of $27.51 million. ACNB had a return on equity of 11.32% and a net margin of 25.62%.

ACNB Trading Up 0.4 %

Shares of NASDAQ:ACNB traded up $0.17 during midday trading on Friday, hitting $43.05. 544 shares of the stock traded hands, compared to its average volume of 16,166. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.88. The business’s 50 day moving average is $41.91 and its two-hundred day moving average is $37.09. The stock has a market capitalization of $367.65 million, a PE ratio of 12.39 and a beta of 0.60. ACNB has a one year low of $30.24 and a one year high of $48.55.

ACNB Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, November 29th. This represents a $1.28 annualized dividend and a yield of 2.97%. ACNB’s payout ratio is currently 36.99%.

Analyst Ratings Changes

ACNB has been the topic of several recent research reports. Hovde Group raised 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 upgraded ACNB from a “sell” rating to a “hold” rating in a report 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.