ACNB Corporation (NASDAQ:ACNB) Raises Dividend to $0.38 Per Share

Key Points

• ACNB Corporation has announced a quarterly dividend increase to $0.38 per share, reflecting an 11.8% rise from its previous dividend of $0.34.
• The ex-dividend date is set for December 1st, with the payment scheduled for December 15th, providing a dividend yield of 3.4%.
• For the recent quarter, ACNB reported earnings of $1.42 per share, exceeding analysts' expectations of $1.20, indicating a strong financial performance.

ACNB Corporation (NASDAQ:ACNB - Get Free Report) declared a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Monday, December 1st will be given a dividend of 0.38 per share by the bank on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, December 1st. This is a 11.8% increase from ACNB's previous quarterly dividend of $0.34.

ACNB has a payout ratio of 29.7% 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 $1.36 annual dividend with an expected future payout ratio of 29.6%.

ACNB Price Performance

ACNB opened at $44.39 on Thursday. The stock has a 50-day moving average price of $44.55 and a 200-day moving average price of $42.99. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.94. The firm has a market cap of $464.76 million, a PE ratio of 16.50 and a beta of 0.95. ACNB has a 1 year low of $35.70 and a 1 year high of $50.72.

ACNB (NASDAQ:ACNB - Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The bank reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.22. ACNB had a return on equity of 10.22% and a net margin of 15.64%. Sell-side analysts predict that ACNB will post 3.22 earnings per share for the current fiscal year.

ACNB Company Profile

ACNB Corporation, a financial holding company, offers banking, insurance, and financial services to individual, business, and government customers in the United States. The company provides checking, savings, and money market deposit accounts, as well as time deposits and debit cards. It also offers commercial lending products, such as commercial mortgages, real estate development and construction loans, accounts receivable and inventory financing, and agricultural and governmental loans; consumer lending products, including home equity loans and lines of credit, automobile and recreational vehicle loans, manufactured housing loans, and personal lines of credit; and mortgage lending programs include personal residential mortgages, and residential construction and investment mortgage loans.

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