ACNB (NASDAQ:ACNB) Issues Earnings Results

ACNB (NASDAQ:ACNB) released its quarterly earnings results on Thursday. The bank reported $1.55 EPS for the quarter, topping the consensus estimate 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 Stock Up 2.4%

Shares of NASDAQ:ACNB traded up $1.52 during trading on Thursday, hitting $65.16. The company’s stock had a trading volume of 13,508 shares, compared to its average volume of 59,764. The business has a 50 day moving average price of $64.01 and a two-hundred day moving average price of $59.16. The company has a market capitalization of $662.70 million, a PE ratio of 12.42 and a beta of 0.87. 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 has a fifty-two week low of $42.60 and a fifty-two week high of $67.60.

ACNB Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently issued reports on ACNB. Weiss Ratings reiterated a “buy (b)” rating on shares of ACNB in a report on Monday. Piper Sandler increased their target price on ACNB from $58.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Finally, Hovde Group raised their target price on ACNB from $57.00 to $64.00 and gave the company 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 given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $64.50.

About ACNB

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.