ACNB (NASDAQ:ACNB) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

ACNB (NASDAQ:ACNB) issued its quarterly earnings results on Thursday. The bank reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08, Zacks reports. ACNB had a net margin of 27.16% and a return on equity of 13.87%. The business had revenue of $43.16 million for the quarter, compared to analysts’ expectations of $43.02 million.

ACNB Stock Up 0.0%

ACNB traded up $0.03 during midday trading on Friday, hitting $65.42. The company had a trading volume of 53,148 shares, compared to its average volume of 53,729. ACNB has a 52 week low of $42.60 and a 52 week high of $67.60. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $665.32 million, a price-to-earnings ratio of 12.11 and a beta of 0.87. The stock’s 50 day moving average price is $64.03 and its 200 day moving average price is $59.33.

ACNB Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Tuesday, September 1st. ACNB’s dividend payout ratio (DPR) is presently 31.11%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ACNB. Weiss Ratings reissued a “buy (b)” rating on shares of ACNB in a research report on Monday. Piper Sandler upped their target price on ACNB from $58.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Finally, Hovde Group upped their target price on ACNB from $57.00 to $64.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, ACNB has an average rating of “Moderate Buy” and a consensus target price of $64.50.

ACNB Company Profile

ACNB Corporation (NASDAQ: ACNB) is a financial holding company headquartered in Gettysburg, Pennsylvania. Its principal subsidiary, ACNB Bank, provides community banking services to individuals, families, farmers, and businesses.

ACNB Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, agricultural financing, business banking, cash-management services, and online and mobile banking. Through affiliated businesses, the company also provides insurance and wealth-management services.

Founded in 1857, ACNB serves communities in south-central Pennsylvania and central Maryland through its banking offices and digital channels.