ACNB (NASDAQ:ACNB) Announces Quarterly Earnings Results

ACNB (NASDAQ:ACNB) announced its quarterly 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

NASDAQ:ACNB opened at $39.37 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $336.61 million, a P/E ratio of 11.44 and a beta of 0.66. The company has a fifty day moving average price of $42.78 and a 200 day moving average price of $41.84. ACNB has a one year low of $30.24 and a one year high of $50.72.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ACNB shares. StockNews.com upgraded ACNB from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Janney Montgomery Scott assumed coverage on shares of ACNB in a report on Tuesday, November 19th. They set a “buy” rating and a $53.00 price target for the company.

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.