ACNB (NASDAQ:ACNB) Posts Earnings Results, Meets Estimates

ACNB (NASDAQ:ACNB) issued its quarterly earnings data on Thursday. The bank reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80, Yahoo Finance reports. The firm had revenue of $31.64 million for the quarter, compared to analysts’ expectations of $26.28 million. ACNB had a net margin of 24.98% and a return on equity of 11.18%.

ACNB Price Performance

NASDAQ ACNB traded up $0.96 during trading hours on Friday, reaching $34.16. The company’s stock had a trading volume of 6,543 shares, compared to its average volume of 10,288. The stock has a market cap of $290.70 million, a PE ratio of 9.87 and a beta of 0.60. ACNB has a fifty-two week low of $27.00 and a fifty-two week high of $48.55. The company’s 50-day moving average is $35.02 and its two-hundred day moving average is $38.02. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.87 and a current ratio of 0.87.

ACNB Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.75%. This is a boost from ACNB’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, May 31st. ACNB’s dividend payout ratio is presently 34.68%.

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.