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

ACNB Co. (NASDAQ:ACNB) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.32 per share by the bank on Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Friday, February 28th.

ACNB has raised its dividend payment by an average of 7.7% per year over the last three years. ACNB has a dividend payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NASDAQ:ACNB opened at $41.00 on Friday. ACNB has a twelve month low of $30.24 and a twelve month high of $50.72. The stock’s 50 day moving average is $42.13 and its 200-day moving average is $42.03. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $350.55 million, a price-to-earnings ratio of 11.92 and a beta of 0.66.

ACNB (NASDAQ:ACNB) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.06). ACNB had a return on equity of 10.18% and a net margin of 23.43%. Sell-side analysts forecast that ACNB will post 3.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on ACNB shares. Janney Montgomery Scott initiated coverage on shares of ACNB in a research report on Tuesday, November 19th. They issued a “buy” rating and a $53.00 price target on the stock. StockNews.com upgraded ACNB from a “sell” rating to a “hold” rating in a report 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.