ACNB (NASDAQ:ACNB) Posts Quarterly Earnings Results, Meets Estimates

ACNB (NASDAQ:ACNB) posted its quarterly earnings results on Thursday. The bank reported $0.80 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $31.64 million during the quarter, compared to analyst estimates of $26.28 million.

ACNB Trading Up 2.9 %

Shares of ACNB traded up $0.96 during mid-day trading on Friday, reaching $34.16. The stock had a trading volume of 6,543 shares, compared to its average volume of 10,288. ACNB has a 52-week low of $27.00 and a 52-week high of $48.55. 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 business’s fifty day moving average is $35.02 and its 200 day moving average is $38.02. 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 business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from ACNB’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.75%. ACNB’s dividend payout ratio (DPR) is 34.68%.

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.