ACNB (NASDAQ:ACNB) Posts Earnings Results, Misses Estimates By $0.06 EPS

ACNB (NASDAQ:ACNB) announced its earnings results on Thursday. The bank reported $0.77 earnings per share 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 NASDAQ ACNB traded up $0.81 during mid-day trading on Thursday, hitting $39.37. 42,803 shares of the stock traded hands, compared to its average volume of 31,506. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.94 and a quick ratio of 0.94. ACNB has a twelve month low of $30.24 and a twelve month high of $50.72. The company has a market cap of $336.61 million, a PE ratio of 11.44 and a beta of 0.66. The firm has a 50 day simple moving average of $42.94 and a two-hundred day simple moving average of $41.86.

Wall Street Analyst Weigh In

ACNB has been the topic of a number of recent research reports. StockNews.com upgraded ACNB from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Janney Montgomery Scott started coverage on ACNB in a report on Tuesday, November 19th. They issued a “buy” rating and a $53.00 target price on the stock.

ACNB Company Profile

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.