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

ACNB Co. (NASDAQ:ACNB) announced 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 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Friday, February 28th.

ACNB has increased its dividend by an average of 7.7% annually over the last three years. ACNB has a payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. 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 Down 2.5 %

Shares of ACNB opened at $41.00 on Friday. The firm has a 50 day simple moving average of $42.13 and a two-hundred day simple moving average of $42.03. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.94 and a quick ratio of 0.94. ACNB has a one year low of $30.24 and a one year high of $50.72. The company has a market cap of $350.55 million, a P/E ratio of 11.92 and a beta of 0.66.

ACNB (NASDAQ:ACNB) last issued 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 return on equity of 10.18% and a net margin of 23.43%. Research analysts forecast that ACNB will post 3.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ACNB. StockNews.com upgraded ACNB from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Janney Montgomery Scott started coverage on ACNB in a research report on Tuesday, November 19th. They set a “buy” rating and a $53.00 target price for the company.

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.