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

ACNB Co. (NASDAQ:ACNB) announced a quarterly dividend on Thursday, April 25th, Wall Street Journal reports. Shareholders of record on Friday, May 31st will be paid a dividend of 0.32 per share by the bank on Friday, June 14th. This represents a $1.28 annualized dividend and a yield of 3.86%. The ex-dividend date is Friday, May 31st. This is a boost from ACNB’s previous quarterly dividend of $0.30.

ACNB has raised its dividend by an average of 4.5% annually over the last three years and has raised its dividend every year for the last 3 years. ACNB has a dividend payout ratio of 34.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect ACNB to earn $3.46 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 34.7%.

ACNB Stock Performance

Shares of ACNB traded down $0.78 during trading hours on Thursday, hitting $33.20. The company’s stock had a trading volume of 11,043 shares, compared to its average volume of 16,524. The company has a market cap of $282.53 million, a price-to-earnings ratio of 9.13 and a beta of 0.60. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.87 and a quick ratio of 0.87. The business has a 50 day simple moving average of $35.21 and a two-hundred day simple moving average of $38.08. ACNB has a 52-week low of $27.00 and a 52-week high of $48.55.

ACNB (NASDAQ:ACNB) last issued its quarterly earnings data on Thursday, January 25th. The bank reported $0.48 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.48). The firm had revenue of $22.46 million for the quarter, compared to analysts’ expectations of $27.75 million. ACNB had a net margin of 27.53% and a return on equity of 12.12%. On average, equities analysts expect that ACNB will post 3.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of ACNB from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th.

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.