ACNB (NASDAQ:ACNB) Releases Earnings Results, Beats Estimates By $0.08 EPS

ACNB (NASDAQ:ACNB) announced its quarterly earnings results on Thursday. The bank reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08, Zacks reports. ACNB had a return on equity of 13.78% and a net margin of 27.15%.

ACNB Price Performance

Shares of ACNB opened at $64.49 on Thursday. The business has a 50-day moving average of $64.01 and a 200-day moving average of $59.16. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.94 and a quick ratio of 0.93. The company has a market capitalization of $655.88 million, a price-to-earnings ratio of 12.19 and a beta of 0.87. ACNB has a 1 year low of $42.60 and a 1 year high of $67.60.

ACNB Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, September 1st. ACNB’s dividend payout ratio (DPR) is 31.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ACNB. Piper Sandler upped their target price on ACNB from $58.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Weiss Ratings reissued a “buy (b)” rating on shares of ACNB in a research note on Monday. Finally, Hovde Group boosted their target price on shares of ACNB from $57.00 to $64.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.50.

ACNB Company Profile

ACNB Corporation (NASDAQ: ACNB) is a financial holding company headquartered in Gettysburg, Pennsylvania. Its principal subsidiary, ACNB Bank, provides community banking services to individuals, families, farmers, and businesses.

ACNB Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, agricultural financing, business banking, cash-management services, and online and mobile banking. Through affiliated businesses, the company also provides insurance and wealth-management services.

Founded in 1857, ACNB serves communities in south-central Pennsylvania and central Maryland through its banking offices and digital channels.