ACNB Corporation (ACNB) to Issue Quarterly Dividend of $0.42 on June 15th

ACNB Corporation (NASDAQ:ACNB – Get Free Report) declared a quarterly dividend on Tuesday, April 28th. Shareholders of record on Monday, June 1st will be given a dividend of 0.42 per share by the bank on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, June 1st. This is a 10.5% increase from ACNB’s previous quarterly dividend of $0.38.

ACNB has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 8 consecutive years. ACNB has a payout ratio of 36.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ACNB to earn $5.53 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 30.4%.

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ACNB Price Performance

NASDAQ:ACNB opened at $54.29 on Friday. The firm has a market cap of $554.41 million, a price-to-earnings ratio of 11.10 and a beta of 0.87. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average is $50.96 and its two-hundred day moving average is $50.04. ACNB has a 12-month low of $40.15 and a 12-month high of $55.55.

ACNB (NASDAQ:ACNB – Get Free Report) last released its earnings results on Thursday, April 23rd. The bank reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.06. The company had revenue of $40.79 million for the quarter, compared to analyst estimates of $41.07 million. ACNB had a net margin of 25.66% and a return on equity of 13.15%. Research analysts expect that ACNB will post 5.49 EPS for the current year.

ACNB Company Profile

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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.

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