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

ACNB Co. (NASDAQ:ACNB) declared a quarterly dividend on Wednesday, July 24th, Zacks reports. Investors of record on Friday, August 30th will be paid a dividend of 0.32 per share by the bank on Friday, September 13th. This represents a $1.28 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, August 30th.

ACNB has raised its dividend by an average of 4.5% annually over the last three years. ACNB has a payout ratio of 37.8% indicating that 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 Price Performance

Shares of ACNB stock opened at $38.50 on Thursday. ACNB has a 1-year low of $30.24 and a 1-year high of $48.55. The firm’s 50-day moving average price is $34.04 and its two-hundred day moving average price is $35.83. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $328.79 million, a price-to-earnings ratio of 11.13 and a beta of 0.62.

ACNB (NASDAQ:ACNB) last released its quarterly earnings results on Wednesday, July 24th. The bank reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.48. The business had revenue of $33.30 million during the quarter, compared to analysts’ expectations of $26.66 million. ACNB had a return on equity of 11.00% and a net margin of 24.98%. On average, equities analysts predict that ACNB will post 3.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ACNB has been the topic of several research analyst reports. StockNews.com cut shares of ACNB from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Piper Sandler decreased their price objective on ACNB from $40.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st.

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.