ACNB (NASDAQ:ACNB) Announces Earnings Results

ACNB (NASDAQ:ACNB) announced its quarterly earnings results on Thursday. The bank reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 net margin of 24.98% and a return on equity of 11.18%.

ACNB Price Performance

ACNB traded up $0.96 during midday trading on Friday, reaching $34.16. 6,543 shares of the company’s stock were exchanged, compared to its average volume of 10,288. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.70. The business has a 50-day simple moving average of $35.02 and a two-hundred day simple moving average of $38.02. The firm has a market capitalization of $290.70 million, a price-to-earnings ratio of 9.87 and a beta of 0.60. ACNB has a one year low of $27.00 and a one year high of $48.55.

ACNB Increases Dividend

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

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.