ACNB Corporation Plans Quarterly Dividend of $0.38 (NASDAQ:ACNB)

ACNB Corporation (NASDAQ:ACNB) announced a quarterly dividend on Thursday, January 29th. Investors of record on Friday, February 27th will be paid a dividend of 0.38 per share by the bank on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, February 27th.

ACNB has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 8 consecutive years. ACNB has a dividend payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect ACNB to earn $4.60 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 33.0%.

ACNB Stock Performance

NASDAQ ACNB traded up $1.26 on Thursday, reaching $49.74. The stock had a trading volume of 42,686 shares, compared to its average volume of 26,144. The stock has a market cap of $516.80 million, a P/E ratio of 9.87 and a beta of 0.87. The business’s 50-day moving average price is $49.43 and its 200 day moving average price is $46.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 0.96. ACNB has a 12-month low of $35.70 and a 12-month high of $53.41.

ACNB (NASDAQ:ACNB) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.09. ACNB had a net margin of 19.32% and a return on equity of 12.77%. The company had revenue of $40.74 million for the quarter, compared to the consensus estimate of $39.69 million. As a group, equities analysts expect that ACNB will post 3.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on ACNB shares. Zacks Research upgraded shares of ACNB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded ACNB from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Raymond James Financial cut shares of ACNB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 7th. Piper Sandler increased their target price on ACNB from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ACNB in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, ACNB has a consensus rating of “Buy” and an average target price of $48.67.

ACNB Company Profile

ACNB Corporation is the bank holding company for ACNB Bank, a community-focused financial institution headquartered in Gettysburg, Pennsylvania. Tracing its roots to a local banking organization established in the 19th century, the company has evolved into a regional banking franchise serving individuals, families and businesses across south-central Pennsylvania. As a publicly traded company on NASDAQ under the ticker ACNB, it operates under a traditional community banking model, emphasizing personal service and local decision-making.

The company’s main business activities encompass a full range of retail and commercial banking products.