ACNB Co. (ACNB) To Go Ex-Dividend on November 29th

ACNB Co. (NASDAQ:ACNB) announced a quarterly dividend on Tuesday, October 15th,Zacks Dividends reports. Investors 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 2.73%. The ex-dividend date is Friday, November 29th.

ACNB has raised its dividend by an average of 4.5% annually over the last three years. ACNB has a payout ratio of 34.9% indicating that 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 Price Performance

ACNB stock opened at $46.81 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $400.18 million, a PE ratio of 13.61 and a beta of 0.61. ACNB has a 12-month low of $30.24 and a 12-month high of $50.72. The firm has a 50-day moving average price of $44.09 and a 200-day moving average price of $39.10.

ACNB (NASDAQ:ACNB) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $0.84 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.04). The business had revenue of $34.07 million during the quarter, compared to the consensus estimate of $27.51 million. ACNB had a net margin of 23.43% and a return on equity of 10.18%. As a group, equities research analysts forecast that ACNB will post 3.56 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on ACNB. Janney Montgomery Scott began coverage on ACNB in a report on Tuesday, November 19th. They set a “buy” rating and a $53.00 price objective on the stock. Hovde Group upgraded shares of ACNB from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Wednesday, July 31st. Finally, StockNews.com raised shares of ACNB from a “sell” rating to a “hold” rating in a research note 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.