ACNB (NASDAQ:ACNB) Announces Quarterly Earnings Results

ACNB (NASDAQ:ACNB) released its quarterly earnings data on Thursday. The bank reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80, Yahoo Finance reports. ACNB had a return on equity of 11.18% and a net margin of 24.98%. The firm had revenue of $31.64 million during the quarter, compared to analyst estimates of $26.28 million.

ACNB Price Performance

ACNB stock traded up $0.96 during mid-day trading on Friday, hitting $34.16. 6,543 shares of the company were exchanged, compared to its average volume of 10,288. ACNB has a 1-year low of $27.00 and a 1-year high of $48.55. The company has a market capitalization of $290.70 million, a PE ratio of 9.87 and a beta of 0.60. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.70. The business has a fifty day moving average of $35.02 and a 200 day moving average of $38.02.

ACNB Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.32 per share. This is a positive change from ACNB’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Friday, May 31st. ACNB’s dividend payout ratio is currently 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.