ACNB (NASDAQ:ACNB) Posts Earnings Results, Misses Estimates By $0.04 EPS

ACNB (NASDAQ:ACNB - Get Free Report) announced its earnings results on Thursday. The bank reported $0.84 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.04), Zacks reports. ACNB had a net margin of 25.62% and a return on equity of 11.32%. The business had revenue of $34.07 million for the quarter, compared to the consensus estimate of $27.51 million.

ACNB Trading Down 2.1 %

ACNB traded down $0.88 during trading on Friday, reaching $42.00. The company had a trading volume of 5,898 shares, compared to its average volume of 16,192. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.93 and a current ratio of 0.93. ACNB has a 12-month low of $30.24 and a 12-month high of $48.55. The firm's 50-day simple moving average is $41.91 and its 200 day simple moving average is $37.09. The company has a market cap of $358.68 million, a price-to-earnings ratio of 12.44 and a beta of 0.60.

ACNB Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.05%. The ex-dividend date is Friday, November 29th. ACNB's dividend payout ratio (DPR) is presently 36.99%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ACNB. StockNews.com raised shares of ACNB from a "sell" rating to a "hold" rating in a research report on Thursday, July 25th. Hovde Group raised shares of ACNB from a "market perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a research note on Wednesday, July 31st.

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.