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

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

ACNB Price Performance

Shares of NASDAQ ACNB opened at $42.00 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.93 and a quick ratio of 0.93. The business has a 50-day moving average of $41.95 and a 200-day moving average of $37.15. The stock has a market capitalization of $358.68 million, a price-to-earnings ratio of 12.14 and a beta of 0.60. ACNB has a fifty-two week low of $30.24 and a fifty-two week high of $48.55.

ACNB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, November 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.05%. ACNB’s dividend payout ratio is 36.99%.

Analyst Ratings Changes

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

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.