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

Key Points

• ACNB beat EPS expectations, reporting $1.32 per share vs. the $1.26 consensus (a $0.06 beat) while revenue slightly missed at $40.79M versus $41.07M; the quarter showed a net margin of 19.32% and ROE of 12.58%.
• The bank paid a quarterly dividend of $0.38 (annualized $1.52), yielding 3.0% with a payout ratio of 42.94%.
• Shares traded up about 1.5% to $50.48 (market cap ~$522M, P/E ~14.3) amid insider selling by two executives and a mixed analyst picture—consensus is a "Moderate Buy" with a $52 price target.

ACNB (NASDAQ:ACNB - Get Free Report) posted its quarterly earnings results on Thursday. The bank reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.06, FiscalAI reports. The firm had revenue of $40.79 million for the quarter, compared to the consensus estimate of $41.07 million. ACNB had a net margin of 19.32% and a return on equity of 12.58%.

ACNB Trading Up 1.5%

Shares of ACNB stock opened at $50.48 on Friday. The company's 50-day moving average price is $49.28 and its 200-day moving average price is $48.61. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61. The stock has a market cap of $522.47 million, a price-to-earnings ratio of 14.26 and a beta of 0.86. ACNB has a twelve month low of $40.15 and a twelve month high of $53.89.

ACNB Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, February 27th. ACNB's payout ratio is currently 42.94%.

Insider Transactions at ACNB

In other ACNB news, SVP Kevin J. Hayes sold 750 shares of the business's stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $51.30, for a total value of $38,475.00. Following the transaction, the senior vice president directly owned 2,632 shares in the company, valued at $135,021.60. The trade was a 22.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brett D. Fulk sold 1,486 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $48.52, for a total transaction of $72,100.72. Following the completion of the sale, the executive vice president directly owned 1,048 shares of the company's stock, valued at approximately $50,848.96. This trade represents a 58.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.73% of the company's stock.

Institutional Trading of ACNB

Several institutional investors have recently made changes to their positions in ACNB. BNP Paribas Financial Markets raised its position in ACNB by 56.5% in the second quarter. BNP Paribas Financial Markets now owns 1,036 shares of the bank's stock valued at $44,000 after purchasing an additional 374 shares during the period. Russell Investments Group Ltd. acquired a new position in ACNB during the third quarter worth $45,000. Tower Research Capital LLC TRC boosted its position in shares of ACNB by 98.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,727 shares of the bank's stock worth $74,000 after buying an additional 856 shares during the period. Raymond James Financial Inc. purchased a new position in shares of ACNB during the second quarter worth $80,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of ACNB by 37.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,219 shares of the bank's stock valued at $107,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 32.35% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ACNB shares. Wall Street Zen cut shares of ACNB from a "buy" rating to a "hold" rating in a research note on Sunday, April 12th. Weiss Ratings reissued a "buy (b-)" rating on shares of ACNB in a research note on Friday, March 27th. Finally, Zacks Research cut ACNB from a "strong-buy" rating to a "hold" rating in a report on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, ACNB presently has an average rating of "Moderate Buy" and a consensus price target of $52.00.

About ACNB

ACNB Corporation is the bank holding company for ACNB Bank, a community-focused financial institution headquartered in Gettysburg, Pennsylvania. Tracing its roots to a local banking organization established in the 19th century, the company has evolved into a regional banking franchise serving individuals, families and businesses across south-central Pennsylvania. As a publicly traded company on NASDAQ under the ticker ACNB, it operates under a traditional community banking model, emphasizing personal service and local decision-making.

The company's main business activities encompass a full range of retail and commercial banking products.