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

ACNB (NASDAQ:ACNB) announced 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 27.15% and a return on equity of 13.78%.

ACNB Trading Up 1.3%

Shares of ACNB stock opened at $64.49 on Thursday. The firm’s 50-day moving average price is $64.01 and its two-hundred day moving average price is $59.16. ACNB has a 12-month low of $42.60 and a 12-month 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 $655.88 million, a price-to-earnings ratio of 12.19 and a beta of 0.87.

ACNB Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.68 annualized dividend and a yield of 2.6%. ACNB’s dividend payout ratio is currently 31.88%.

Analyst Ratings Changes

ACNB has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of ACNB in a report on Monday. 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. Finally, Piper Sandler increased their target price on ACNB from $58.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.