ACNB (NASDAQ:ACNB) Releases Quarterly Earnings Results, Meets Estimates

ACNB (NASDAQ:ACNB) posted its earnings results on Thursday. The bank reported $0.80 earnings per share (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 analyst estimates of $26.28 million. ACNB had a return on equity of 12.12% and a net margin of 27.53%.

ACNB Price Performance

ACNB stock traded down $0.78 during midday trading on Friday, reaching $33.20. 1,015 shares of the company were exchanged, compared to its average volume of 16,337. The firm’s 50-day simple moving average is $35.14 and its 200-day simple moving average is $38.06. ACNB has a 1 year low of $27.00 and a 1 year high of $48.55. The company has a market capitalization of $282.53 million, a price-to-earnings ratio of 8.92 and a beta of 0.60. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.32 dividend. This is an increase from ACNB’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Friday, May 31st. ACNB’s dividend payout ratio is currently 32.26%.

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.