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

ACNB Co. (NASDAQ:ACNB) declared a quarterly dividend on Wednesday, October 16th, Zacks reports. Investors 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 dividend on an annualized basis and a 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% indicating that 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 Up 2.0 %

ACNB stock 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 simple moving average of $41.27 and a two-hundred day simple moving average 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 price-to-earnings ratio of 12.60 and a beta of 0.60.

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

Analyst Upgrades and Downgrades

ACNB has been the subject of several research reports. Hovde Group raised shares of ACNB from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Wednesday, July 31st. StockNews.com raised ACNB from a “sell” rating to a “hold” rating in a report on Thursday, July 25th.

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.