ACNB Corporation (ACNB) To Go Ex-Dividend on June 1st

ACNB Corporation (NASDAQ:ACNB) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Monday, June 1st will be paid a dividend of 0.42 per share by the bank on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, June 1st. This is a 10.5% increase from ACNB’s previous quarterly dividend of $0.38.

ACNB has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 8 years. ACNB has a payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ACNB to earn $5.25 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 29.0%.

ACNB Stock Down 0.0%

Shares of NASDAQ:ACNB traded down $0.01 during trading on Thursday, hitting $50.62. 15,905 shares of the company’s stock traded hands, compared to its average volume of 50,712. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $49.13 and a 200-day moving average price of $48.85. ACNB has a 52 week low of $40.15 and a 52 week high of $53.89. The company has a market cap of $524.07 million, a price-to-earnings ratio of 10.35 and a beta of 0.86.

ACNB (NASDAQ:ACNB) last posted its earnings results on Thursday, April 23rd. The bank reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.06. ACNB had a return on equity of 13.30% and a net margin of 25.66%.The business had revenue of $40.79 million during the quarter, compared to analysts’ expectations of $41.07 million. As a group, research analysts forecast that ACNB will post 5.18 EPS for the current fiscal year.

Insider Buying and Selling at ACNB

In related news, SVP Kevin J. Hayes sold 750 shares of ACNB stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $51.30, for a total value of $38,475.00. Following the sale, the senior vice president owned 2,632 shares of the company’s stock, valued at approximately $135,021.60. The trade was a 22.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.73% of the stock is owned by insiders.

Hedge Funds Weigh In On ACNB

A number of institutional investors have recently added to or reduced their stakes in ACNB. First United Bank & Trust bought a new stake in ACNB during the first quarter worth $47,000. Russell Investments Group Ltd. bought a new position in shares of ACNB in the 3rd quarter valued at about $45,000. BNP Paribas Financial Markets increased its stake in shares of ACNB by 56.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,036 shares of the bank’s stock worth $44,000 after purchasing an additional 374 shares during the last quarter. Tripletail Wealth Management LLC acquired a new position in shares of ACNB during the 3rd quarter worth about $46,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of ACNB by 98.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,727 shares of the bank’s stock valued at $74,000 after purchasing an additional 856 shares during the period. 32.35% of the stock is currently owned by institutional investors and hedge funds.

About ACNB

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.