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

by · The Cerbat Gem

ACNB (NASDAQ:ACNB – Get Free Report) posted its quarterly earnings results on Thursday. The bank reported $1.55 EPS for the quarter, beating the consensus estimate of $1.47 by $0.08, Zacks reports. ACNB had a net margin of 27.15% and a return on equity of 13.78%. The business had revenue of $43.16 million for the quarter, compared to analysts’ expectations of $43.02 million.

ACNB Trading Up 2.7%

Shares of ACNB stock opened at $65.39 on Friday. The stock has a market cap of $665.02 million, a price-to-earnings ratio of 12.41 and a beta of 0.87. The firm has a fifty day moving average of $64.02 and a 200-day moving average of $59.28. ACNB has a 52-week low of $42.60 and a 52-week high of $67.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 0.94.

ACNB Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 1st. ACNB’s payout ratio is 31.88%.

Analysts Set New Price Targets

ACNB has been the subject of several recent research reports. Piper Sandler boosted their target price on shares of ACNB from $58.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Hovde Group raised their target price on shares of ACNB from $57.00 to $64.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of ACNB in a report on Monday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.50.

Read Our Latest Report on ACNB

About ACNB

(Get Free Report)

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.

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