ACNB (NASDAQ:ACNB) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

ACNB (NASDAQ:ACNB) released its quarterly earnings data on Thursday. The bank reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.06), Zacks reports. ACNB had a net margin of 23.43% and a return on equity of 10.18%.

ACNB Stock Performance

ACNB stock opened at $39.37 on Friday. ACNB has a 52-week low of $30.24 and a 52-week high of $50.72. 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 fifty day moving average price of $42.78 and a two-hundred day moving average price of $41.84. The firm has a market capitalization of $336.61 million, a P/E ratio of 11.44 and a beta of 0.66.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ACNB shares. StockNews.com upgraded shares of ACNB from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Janney Montgomery Scott started coverage on shares of ACNB in a research note on Tuesday, November 19th. They issued a “buy” rating and a $53.00 target price on the stock.

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.