ACNB Co. (ACNB) to Issue Quarterly Dividend of $0.32 on March 14th

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 raised its dividend by an average of 7.7% per year over the last three years. ACNB has a payout ratio of 27.7% indicating that 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 stock opened at $40.84 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $349.18 million, a PE ratio of 10.95 and a beta of 0.65. ACNB has a fifty-two week low of $30.24 and a fifty-two week high of $50.72. The firm’s 50-day simple moving average is $40.14 and its 200 day simple moving average is $42.27.

ACNB (NASDAQ:ACNB) last announced its earnings results on Thursday, January 23rd. The bank reported $0.77 earnings per share 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%. Research analysts predict that ACNB will post 3.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ACNB shares. StockNews.com upgraded ACNB from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Janney Montgomery Scott began coverage on shares of ACNB in a research report on Tuesday, November 19th. They issued a “buy” rating and a $53.00 price objective on the stock.

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.