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

ACNB (NASDAQ:ACNB) announced its quarterly earnings results on Wednesday. The bank reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.48, Yahoo Finance reports. ACNB had a net margin of 24.98% and a return on equity of 11.00%. The business had revenue of $33.30 million for the quarter, compared to analyst estimates of $26.66 million.

ACNB Stock Performance

Shares of NASDAQ:ACNB traded up $0.30 on Thursday, reaching $38.80. 48,289 shares of the company’s stock were exchanged, compared to its average volume of 16,257. The company has a fifty day moving average of $34.04 and a 200-day moving average of $35.83. ACNB has a twelve month low of $30.24 and a twelve month high of $48.55. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $331.31 million, a price-to-earnings ratio of 11.04 and a beta of 0.62.

ACNB Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.30%. ACNB’s payout ratio is presently 36.99%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. StockNews.com lowered shares of ACNB from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Piper Sandler decreased their target price on shares of ACNB from $40.00 to $37.00 and set a “neutral” rating on the stock in a research 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.