ACNB Corporation (NASDAQ:ACNB) to Issue $0.38 Quarterly Dividend

ACNB Corporation (NASDAQ:ACNB) declared a quarterly dividend on Thursday, January 29th. Investors of record on Friday, February 27th will be given a dividend of 0.38 per share by the bank on Friday, March 13th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, February 27th.

ACNB has increased 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 33.2% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance

Shares of ACNB opened at $49.65 on Friday. ACNB has a 12-month low of $35.70 and a 12-month high of $53.41. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The company has a market cap of $515.88 million, a PE ratio of 13.93 and a beta of 0.87. The stock has a 50-day moving average price of $49.48 and a 200-day moving average price of $46.24.

ACNB (NASDAQ:ACNB) last announced its earnings results on Thursday, January 22nd. The bank reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.09. The business had revenue of $40.74 million during the quarter, compared to analyst estimates of $39.69 million. ACNB had a net margin of 19.32% and a return on equity of 12.77%. As a group, equities analysts forecast that ACNB will post 3.22 earnings per share for the current fiscal year.

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.