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

ACNB (NASDAQ:ACNB) issued its quarterly earnings data on Wednesday. The bank reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.48, Yahoo Finance reports. ACNB had a return on equity of 11.00% and a net margin of 24.98%. The company had revenue of $33.30 million during the quarter, compared to the consensus estimate of $26.66 million.

ACNB Trading Up 0.8 %

ACNB stock traded up $0.30 during mid-day trading on Thursday, reaching $38.80. The company’s stock had a trading volume of 48,289 shares, compared to its average volume of 16,257. The company has a market cap of $331.31 million, a price-to-earnings ratio of 11.04 and a beta of 0.62. The business’s 50 day moving average price is $34.04 and its 200 day moving average price is $35.83. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.91. ACNB has a 12 month low of $30.24 and a 12 month high of $48.55.

ACNB Dividend Announcement

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 issued a $0.32 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.28 dividend on an annualized basis and a yield of 3.30%. ACNB’s payout ratio is currently 36.99%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ACNB. StockNews.com downgraded ACNB from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Piper Sandler lowered their price objective on ACNB from $40.00 to $37.00 and set a “neutral” rating for the company 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.