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

ACNB Co. (NASDAQ:ACNB - Get Free Report) declared a quarterly dividend on Thursday, April 25th, Wall Street Journal reports. Investors of record on Friday, May 31st will be given a dividend of 0.32 per share by the bank on Friday, June 14th. This represents a $1.28 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Friday, May 31st. This is a positive change from ACNB's previous quarterly dividend of $0.30.

ACNB has increased its dividend payment by an average of 4.5% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. ACNB has a dividend payout ratio of 34.1% indicating that 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 Price Performance

NASDAQ:ACNB traded down $0.78 during trading hours on Thursday, hitting $33.20. 11,043 shares of the stock were exchanged, compared to its average volume of 16,529. ACNB has a 52-week low of $27.00 and a 52-week high of $48.55. The firm's fifty day moving average price is $35.14 and its 200 day moving average price is $38.06. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.70. The company has a market cap of $282.53 million, a P/E ratio of 8.92 and a beta of 0.60.

ACNB (NASDAQ:ACNB - Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The bank reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by ($0.48). The company had revenue of $22.46 million during 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%. As a group, equities research analysts anticipate that ACNB will post 3.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered ACNB from a "hold" rating to a "sell" rating in a research report 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.