ACNB Co. (NASDAQ:ACNB) Announces $0.32 Quarterly Dividend

ACNB Co. (NASDAQ:ACNB) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.32 per share by the bank on Friday, December 13th. This represents a $1.28 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Friday, November 29th.

ACNB has increased its dividend by an average of 4.5% annually over the last three years. ACNB has a dividend payout ratio of 29.3% meaning its dividend is sufficiently covered by earnings. Analysts expect ACNB to earn $3.40 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 37.6%.

ACNB Stock Performance

Shares of ACNB opened at $43.59 on Thursday. ACNB has a 12 month low of $30.24 and a 12 month high of $48.55. The stock has a fifty day moving average price of $41.27 and a 200-day moving average price of $36.76. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.88. The firm has a market cap of $372.26 million, a PE ratio of 12.60 and a beta of 0.60.

ACNB (NASDAQ:ACNB) last released its earnings results on Wednesday, July 24th. The bank reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.48. ACNB had a return on equity of 11.32% and a net margin of 25.62%. The firm had revenue of $33.30 million for the quarter, compared to the consensus estimate of $26.66 million. Equities research analysts predict that ACNB will post 3.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Hovde Group raised ACNB from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Wednesday, July 31st. StockNews.com raised ACNB from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th.

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.