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

ACNB Corporation (NASDAQ:ACNBGet Free Report) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.42 per share by the bank on Tuesday, September 15th. This represents a c) dividend on an annualized basis 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%per year over the last three years and has raised its dividend annually for the last 8 consecutive years. ACNB has a dividend payout ratio of 36.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ACNB to earn $5.66 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 29.7%.

ACNB Trading Down 1.6%

Shares of ACNB stock opened at $63.53 on Thursday. ACNB has a 1-year low of $40.80 and a 1-year high of $65.26. The company has a market cap of $648.64 million, a price-to-earnings ratio of 12.06 and a beta of 0.87. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.94 and a quick ratio of 0.93. The stock has a 50 day simple moving average of $58.17 and a 200-day simple moving average of $52.96.

ACNB (NASDAQ:ACNBGet Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. ACNB had a net margin of 27.15% and a return on equity of 13.83%. The company had revenue of $42.82 million during the quarter, compared to analyst estimates of $42.21 million. On average, equities research analysts expect that ACNB will post 5.67 EPS for the current fiscal year.

ACNB Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for ACNB (NASDAQ:ACNB)

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