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

ACNB Co. (NASDAQ:ACNB) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 3.04%.

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. Equities 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 Stock Performance

Shares of ACNB traded up $1.86 during trading hours on Wednesday, reaching $42.07. 36,653 shares of the company’s stock traded hands, compared to its average volume of 32,631. ACNB has a twelve month low of $30.24 and a twelve month high of $50.72. The business’s fifty day simple moving average is $42.37 and its two-hundred day simple moving average is $42.04. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $359.66 million, a price-to-earnings ratio of 12.23 and a beta of 0.66.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Janney Montgomery Scott initiated 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 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.