ACNB Corporation (ACNB) to Distribute Quarterly Dividend of $0.42 on September 15th

ACNB Corporation (NASDAQ:ACNBGet Free Report) announced a quarterly dividend on Tuesday, July 28th. Investors 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) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, September 1st.

ACNB has raised 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 dividend payout ratio of 36.7% meaning its dividend is sufficiently covered by earnings. Analysts expect ACNB to earn $5.72 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 29.4%.

ACNB Trading Down 0.0%

Shares of ACNB stock opened at $64.51 on Friday. ACNB has a 12-month low of $42.52 and a 12-month high of $65.94. The company has a market capitalization of $656.07 million, a P/E ratio of 12.24 and a beta of 0.86. The firm has a 50-day moving average price of $62.17 and a 200 day moving average price of $55.16. 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:ACNBGet Free Report) last released its quarterly earnings results on Thursday, July 23rd. The bank reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. The firm had revenue of $42.82 million for the quarter, compared to analyst estimates of $42.21 million. ACNB had a net margin of 27.15% and a return on equity of 13.78%. Research analysts forecast that ACNB will post 5.72 earnings per share for the current fiscal year.

About ACNB

(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.

See Also

Dividend History for ACNB (NASDAQ:ACNB)

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