ACNB (NASDAQ:ACNB) Announces Quarterly Earnings Results

ACNB (NASDAQ:ACNB) announced its earnings results on Thursday. The bank reported $0.80 EPS for the quarter, hitting the consensus estimate of $0.80, Yahoo Finance reports. The firm had revenue of $31.64 million for the quarter, compared to the consensus estimate of $26.28 million. ACNB had a return on equity of 11.18% and a net margin of 24.98%.

ACNB Trading Up 2.9 %

Shares of ACNB stock traded up $0.96 during mid-day trading on Friday, hitting $34.16. The company’s stock had a trading volume of 6,543 shares, compared to its average volume of 10,288. The company’s fifty day simple moving average is $35.02 and its 200-day simple moving average is $38.02. ACNB has a 52 week low of $27.00 and a 52 week high of $48.55. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $290.70 million, a PE ratio of 9.87 and a beta of 0.60.

ACNB Increases Dividend

The firm 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. The ex-dividend date is Friday, May 31st. This is a positive change from ACNB’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 3.75%. ACNB’s dividend payout ratio (DPR) is 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.