ACNB Corporation (NASDAQ:ACNB) Plans $0.42 Quarterly Dividend

ACNB Corporation (NASDAQ:ACNB) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.42 per share by the bank on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, September 1st.

ACNB has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 8 years. ACNB has a payout ratio of 36.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ACNB to earn $5.58 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 30.1%.

ACNB Price Performance

Shares of ACNB traded down $1.03 during trading hours on Wednesday, reaching $63.53. 83,922 shares of the company traded hands, compared to its average volume of 58,033. The stock has a market capitalization of $648.64 million, a PE ratio of 12.06 and a beta of 0.87. The stock has a fifty day simple moving average of $57.98 and a 200 day simple moving average of $52.86. ACNB has a fifty-two week low of $40.80 and a fifty-two week high of $65.26. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.51.

ACNB (NASDAQ:ACNB) last announced its earnings results on Thursday, July 23rd. The bank reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. The firm had revenue of $42.82 million during the quarter, compared to the consensus estimate of $42.21 million. ACNB had a net margin of 27.15% and a return on equity of 13.83%. As a group, research analysts predict that ACNB will post 5.56 EPS 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.