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

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

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 36.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ACNB to earn $5.66 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 29.7%.

ACNB Price Performance

Shares of ACNB stock opened at $63.53 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.51. The stock has a market cap of $648.64 million, a price-to-earnings ratio of 12.06 and a beta of 0.87. The business’s fifty day moving average is $58.17 and its 200 day moving average is $52.96. ACNB has a twelve month low of $40.80 and a twelve month high of $65.26.

ACNB (NASDAQ:ACNB) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. ACNB had a return on equity of 13.83% and a net margin of 27.15%.The firm had revenue of $42.82 million during the quarter, compared to analyst estimates of $42.21 million. Research analysts expect that ACNB will post 5.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on ACNB. Wall Street Zen downgraded shares of ACNB from a “buy” rating to a “hold” rating in a report on Sunday, April 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ACNB in a report on Tuesday, July 21st. Hovde Group raised their price target on ACNB from $57.00 to $64.00 and gave the company a “market perform” rating in a report on Monday. Finally, Piper Sandler boosted their target price on shares of ACNB from $58.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, ACNB currently has a consensus rating of “Hold” and a consensus target price of $64.50.

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.