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

ACNB (NASDAQ:ACNB) issued its earnings results on Thursday. The bank reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80, Yahoo Finance reports. ACNB had a return on equity of 11.18% and a net margin of 24.98%. The company had revenue of $31.64 million for the quarter, compared to analyst estimates of $26.28 million.

ACNB Stock Up 2.9 %

Shares of NASDAQ:ACNB traded up $0.96 during trading on Friday, reaching $34.16. 6,543 shares of the stock were exchanged, compared to its average volume of 10,288. The firm has a market cap of $290.70 million, a price-to-earnings ratio of 9.87 and a beta of 0.60. The stock has a fifty day moving average of $35.02 and a two-hundred day moving average of $38.02. ACNB has a 1-year low of $27.00 and a 1-year high of $48.55. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.87 and a quick ratio of 0.87.

ACNB Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.75%. This is a positive change 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.