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

ACNB Corporation (NASDAQ:ACNBGet Free Report) announced a quarterly dividend on Thursday, January 29th. Stockholders 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 is Friday, February 27th.

ACNB has increased 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 payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. 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 Up 2.6%

ACNB traded up $1.26 on Thursday, reaching $49.74. The company’s stock had a trading volume of 42,686 shares, compared to its average volume of 26,144. ACNB has a 1 year low of $35.70 and a 1 year high of $53.41. The business’s 50 day moving average is $49.43 and its 200 day moving average is $46.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.96 and a quick ratio of 0.95. The stock has a market cap of $516.80 million, a price-to-earnings ratio of 9.87 and a beta of 0.87.

ACNB (NASDAQ:ACNBGet Free Report) last posted 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 return on equity of 12.77% and a net margin of 19.32%.The company had revenue of $40.74 million for the quarter, compared to the consensus estimate of $39.69 million. As a group, research analysts forecast that ACNB will post 3.22 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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