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

ACNB Co. (NASDAQ:ACNB) declared a quarterly dividend on Wednesday, October 16th, Zacks reports. Shareholders 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 raised its dividend payment by an average of 4.5% annually over the last three years. ACNB has a payout ratio of 29.3% meaning its dividend is sufficiently covered by earnings. Equities 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. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.88. ACNB has a twelve month low of $30.24 and a twelve month high of $48.55. The firm has a market cap of $372.26 million, a PE ratio of 12.60 and a beta of 0.60. The business has a 50 day moving average of $41.27 and a 200 day moving average of $36.76.

ACNB (NASDAQ:ACNB) last released its earnings results on Wednesday, July 24th. The bank reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.48. The firm had revenue of $33.30 million for the quarter, compared to analysts’ expectations of $26.66 million. ACNB had a return on equity of 11.32% and a net margin of 25.62%. On average, research analysts forecast that ACNB will post 3.3 EPS for the current fiscal year.

Analysts Set New Price Targets

ACNB has been the topic of a number of analyst reports. Hovde Group raised ACNB from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research note on Wednesday, July 31st. StockNews.com upgraded ACNB from a “sell” rating to a “hold” rating in a report on Thursday, July 25th.

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.