ACNB (NASDAQ:ACNB) Announces Quarterly Earnings Results

ACNB (NASDAQ:ACNB) issued its quarterly earnings results on Thursday. The bank reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.06), Zacks reports. ACNB had a return on equity of 10.18% and a net margin of 23.43%.

ACNB Price Performance

Shares of ACNB traded up $0.81 on Thursday, reaching $39.37. The stock had a trading volume of 42,803 shares, compared to its average volume of 31,506. The firm has a 50-day moving average of $42.94 and a 200 day moving average of $41.86. The firm has a market capitalization of $336.61 million, a PE ratio of 11.44 and a beta of 0.66. ACNB has a twelve month low of $30.24 and a twelve month high of $50.72. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.83.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Janney Montgomery Scott initiated coverage on ACNB in a research report on Tuesday, November 19th. They issued a “buy” rating and a $53.00 price target on the stock. StockNews.com raised shares of ACNB from a “sell” rating to a “hold” rating in a report on Friday, November 15th.

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.