ACNB (NASDAQ:ACNB) Releases Quarterly Earnings Results, Hits Expectations

ACNB (NASDAQ:ACNB) released its quarterly earnings data on Thursday. The bank reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80, Yahoo Finance reports. ACNB had a net margin of 27.53% and a return on equity of 12.12%. The business had revenue of $31.64 million during the quarter, compared to analyst estimates of $26.28 million.

ACNB Stock Performance

Shares of ACNB traded down $0.78 during trading hours on Friday, reaching $33.20. 972 shares of the company traded hands, compared to its average volume of 16,337. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $282.53 million, a P/E ratio of 8.92 and a beta of 0.60. ACNB has a 1-year low of $27.00 and a 1-year high of $48.55. The stock’s fifty day moving average is $35.14 and its 200 day moving average is $38.06.

ACNB Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.32 per share. This is a positive change from ACNB’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.28 dividend on an annualized basis and a yield of 3.86%. ACNB’s payout ratio is currently 32.26%.

ACNB Company Profile

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.