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

ACNB Co. (NASDAQ:ACNB) announced a quarterly dividend on Tuesday, January 28th, RTT News reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.32 per share by the bank on Friday, March 14th. This represents a $1.28 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, February 28th.

ACNB has increased its dividend payment by an average of 7.7% annually over the last three years. ACNB has a payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect ACNB to earn $4.60 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 27.8%.

ACNB Stock Up 0.0 %

ACNB opened at $40.84 on Wednesday. The company has a 50 day moving average of $40.14 and a 200 day moving average of $42.27. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.83. ACNB has a 12 month low of $30.24 and a 12 month high of $50.72. The company has a market cap of $349.18 million, a PE ratio of 10.95 and a beta of 0.65.

ACNB (NASDAQ:ACNB) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.06). ACNB had a return on equity of 10.91% and a net margin of 24.09%. On average, sell-side analysts expect that ACNB will post 3.22 EPS for the current year.

Analyst Ratings Changes

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

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.