ACNB Corporation (ACNB) to Issue Quarterly Dividend of $0.38 on March 13th

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

ACNB has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 8 years. ACNB has a dividend payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 0.6%

NASDAQ ACNB opened at $49.41 on Wednesday. ACNB has a 1-year low of $35.70 and a 1-year high of $53.89. The company has a market capitalization of $513.37 million, a price-to-earnings ratio of 13.96 and a beta of 0.87. The stock’s 50 day moving average is $50.25 and its two-hundred day moving average is $47.47. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62.

ACNB (NASDAQ:ACNB) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $1.35 EPS for the quarter, beating the consensus estimate of $1.26 by $0.09. ACNB had a return on equity of 12.77% and a net margin of 19.32%.The business had revenue of $40.74 million for the quarter, compared to analyst estimates of $39.69 million. Equities analysts forecast that ACNB will post 3.22 earnings per share for the current fiscal year.

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.