ACNB Co. (NASDAQ:ACNB) Plans Quarterly Dividend of $0.32

ACNB Co. (NASDAQ:ACNB) declared a quarterly dividend on Tuesday, October 15th,Zacks Dividends 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 2.73%. The ex-dividend date of this dividend is Friday, November 29th.

ACNB has increased its dividend by an average of 4.5% per year over the last three years. ACNB has a payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ACNB to earn $3.22 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 39.8%.

ACNB Stock Performance

Shares of NASDAQ ACNB opened at $46.96 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.83. The stock has a 50 day simple moving average of $44.17 and a 200-day simple moving average of $39.20. The company has a market cap of $401.51 million, a PE ratio of 13.69 and a beta of 0.61. ACNB has a 12-month low of $30.24 and a 12-month high of $50.72.

ACNB (NASDAQ:ACNB) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.04). The business had revenue of $34.07 million for the quarter, compared to analyst estimates of $27.51 million. ACNB had a return on equity of 10.18% and a net margin of 23.43%. On average, equities research analysts forecast that ACNB will post 3.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ACNB. Hovde Group upgraded ACNB from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Wednesday, July 31st. Janney Montgomery Scott began coverage on ACNB in a research report on Tuesday, November 19th. They issued a “buy” rating and a $53.00 target price for the company. Finally, StockNews.com upgraded ACNB from a “sell” rating to a “hold” rating in a research report on Friday, November 15th.

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.