ACNB Co. Declares Quarterly Dividend of $0.26 (NASDAQ:ACNB)

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ACNB Co. (NASDAQ: ACNB – Get a rating) announced a quarterly dividend on Friday, July 22, the wall street journal reports. Investors of record on Thursday, September 1 will receive a dividend of 0.26 per share from the bank on Thursday, September 15. This represents an annualized dividend of $1.04 and a dividend yield of 3.27%. The ex-date of this dividend is Wednesday, August 31.

ACNB has increased its dividend by an average of 5.0% per year for the past three years and has increased its dividend annually for the past 1 consecutive years.

ACNB shares down 0.1%

ACNB shares were down $0.03 on Friday, hitting $31.83. The company’s shares had a trading volume of 1,583 shares, compared to an average volume of 83,619. The company has a debt ratio of 0.12, a current ratio of 0.80 and a quick ratio of 0, 80. ACNB has a fifty-two week minimum of $27.15 and a fifty-two week maximum of $36.04. The company’s fifty-day moving average price is $32.16 and its 200-day moving average price is $33.03. The stock has a market capitalization of $277.24 million, a price-earnings ratio of 10.28 and a beta of 0.21.

ACNB (NASDAQ:ACNB – Get a rating) last released its quarterly earnings data on Thursday, April 28. The bank reported earnings per share (EPS) of $0.76 for the quarter. ACNB had a net margin of 27.49% and a return on equity of 10.13%. The company had revenue of $21.51 million in the quarter.

Wall Street analysts predict growth

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Separately, StockNews.com began covering ACNB shares in a research report on Thursday, March 31. They set a “hold” rating for the company.

Insider Activity at CANB

In other CANB news, Director Scott L. Kelley bought 1,000 shares in a trade that took place on Thursday, June 30. The shares were acquired at an average price of $29.30 per share, with a total value of $29,300.00. Following the completion of the purchase, the administrator now directly owns 23,119 shares of the company, valued at approximately $677,386.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. In other ACNB news, Executive Vice President Lynda L. Glass sold 5,500 shares of the company in a trade dated Thursday, May 19. The shares were sold at an average price of $31.73, for a total value of $174,515.00. Following the transaction, the executive vice president now directly owns 8,793 shares of the company, valued at $279,001.89. The transaction was disclosed in an SEC filing, which is available via this link. Additionally, director Scott L. Kelley purchased 1,000 shares of ACNB in ​​a trade on Thursday, June 30. The shares were purchased at an average price of $29.30 per share, for a total transaction of $29,300.00. Following the completion of the transaction, the director now owns 23,119 shares of the company, valued at $677,386.70. Disclosure of this purchase can be found here. Insiders acquired a total of 4,104 shares of the company worth $124,770 during the last quarter. 3.76% of the shares are held by insiders of the company.

Hedge funds weigh on ACNB

A number of institutional investors and hedge funds have recently increased or reduced their stake in ACNB. Fourthstone LLC increased its position in ACNB shares by 13.3% during the first quarter. Fourthstone LLC now owns 261,263 shares of the bank worth $9,131,000 after buying 30,728 additional shares last quarter. Dimensional Fund Advisors LP increased its position in ACNB shares by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 172,156 shares of the bank worth $6,017,000 after purchasing an additional 9,196 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in ACNB stock during the first quarter worth approximately $275,000. American Century Companies Inc. increased its position in ACNB shares by 29.6% during the first quarter. American Century Companies Inc. now owns 28,918 shares of the bank worth $1,011,000 after buying 6,603 more shares last quarter. Finally, Jane Street Group LLC acquired a new position in ACNB stock during the first quarter worth approximately $228,000. 23.41% of the shares are currently held by institutional investors and hedge funds.

ACNB Company Profile

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ACNB Corporation, a financial holding company, provides banking, insurance and financial services to individuals, businesses and governments in the United States. The company offers checking, savings and money market deposit accounts, as well as term 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, as well as agricultural and government loans; consumer lending products, including home equity loans and lines of credit, auto and recreational vehicle loans, manufactured home loans and personal lines of credit; and mortgage programs include personal residential mortgages and residential construction and investment mortgages.

Further reading

Dividend History for ACNB (NASDAQ:ACNB)

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