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ACNB

Nasdaq:ACNB
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACNB
Nasdaq
$248M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

ACNB Corporation, a financial holding company, provides banking, insurance, and financial services to individual, business, and government customers in the United States. The last earnings update was 14 days ago. More info.


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ACNB Share Price and Events
7 Day Returns
-2.7%
NasdaqCM:ACNB
-5.2%
US Banks
-3.1%
US Market
1 Year Returns
3.5%
NasdaqCM:ACNB
-16.1%
US Banks
-1.7%
US Market
ACNB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ACNB (ACNB) -2.7% -6.4% -7.2% 3.5% 29% 84.5%
US Banks -5.2% -7.8% -5.8% -16.1% 29.4% 33.3%
US Market -3.1% -5.3% -1.2% -1.7% 28.2% 35%
1 Year Return vs Industry and Market
  • ACNB outperformed the Banks industry which returned -16.1% over the past year.
  • ACNB outperformed the Market in United States of America which returned -1.7% over the past year.
Price Volatility
ACNB
Industry
5yr Volatility vs Market

Value

 Is ACNB undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ACNB to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ACNB.

NasdaqCM:ACNB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $21.92 * 7.3%
$1.59
Book Value of Equity per Share Median Book Value from the past 5 years. $21.92
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:ACNB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.559 (1 + (1- 21%) (42.83%))
0.831
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.831 * 5.96%)
7.68%

Discounted Cash Flow Calculation for NasdaqCM:ACNB using Excess Returns Model Model

The calculations below outline how an intrinsic value for ACNB is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:ACNB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.3% – 7.68%) * $21.92)
$-0.09
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.09 / (7.68% - 2.73%)
$-1.84
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $21.92 + $-1.84
$20.08
NasdaqCM:ACNB Discount to Share Price
Calculation Result
Value per share (USD) From above. $20.08
Current discount Discount to share price of $35.05
= -1 x ($35.05 - $20.08) / $20.08
-74.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of ACNB is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ACNB's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ACNB's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:ACNB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $3.36
NasdaqCM:ACNB Share Price ** NasdaqCM (2019-08-16) in USD $35.05
United States of America Banks Industry PE Ratio Median Figure of 598 Publicly-Listed Banks Companies 12.2x
United States of America Market PE Ratio Median Figure of 3,093 Publicly-Listed Companies 17.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ACNB.

NasdaqCM:ACNB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:ACNB Share Price ÷ EPS (both in USD)

= 35.05 ÷ 3.36

10.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ACNB is good value based on earnings compared to the US Banks industry average.
  • ACNB is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does ACNB's expected growth come at a high price?
Raw Data
NasdaqCM:ACNB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
0.1%per year
United States of America Banks Industry PEG Ratio Median Figure of 272 Publicly-Listed Banks Companies 1.11x
United States of America Market PEG Ratio Median Figure of 2,115 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ACNB, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ACNB's assets?
Raw Data
NasdaqCM:ACNB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $25.59
NasdaqCM:ACNB Share Price * NasdaqCM (2019-08-16) in USD $35.05
United States of America Banks Industry PB Ratio Median Figure of 599 Publicly-Listed Banks Companies 1.14x
United States of America Market PB Ratio Median Figure of 5,261 Publicly-Listed Companies 1.67x
NasdaqCM:ACNB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:ACNB Share Price ÷ Book Value per Share (both in USD)

= 35.05 ÷ 25.59

1.37x

* Primary Listing of ACNB.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ACNB is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess ACNB's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. ACNB has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is ACNB expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover ACNB, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ACNB expected to grow at an attractive rate?
  • ACNB's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • ACNB's earnings growth is positive but not above the United States of America market average.
  • Unable to compare ACNB's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:ACNB Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:ACNB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 0.1%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.6%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:ACNB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:ACNB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 74 28 24
2019-03-31 73 29 23
2018-12-31 71 30 22
2018-09-30 71 29 19
2018-06-30 70 24 15
2018-03-31 65 20 12
2017-12-31 61 17 10
2017-09-30 56 13 10
2017-06-30 51 12 11
2017-03-31 50 13 11
2016-12-31 49 12 11
2016-09-30 49 11 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ACNB's earnings are expected to grow by 0.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if ACNB is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:ACNB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ACNB Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:ACNB Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 3.36
2019-03-31 3.22
2018-12-31 3.09
2018-09-30 2.70
2018-06-30 2.11
2018-03-31 1.78
2017-12-31 1.50
2017-09-30 1.56
2017-06-30 1.76
2017-03-31 1.81
2016-12-31 1.80
2016-09-30 1.84

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ACNB will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess ACNB's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ACNB has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ACNB performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ACNB's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ACNB's year on year earnings growth rate has been positive over the past 5 years.
  • ACNB's 1-year earnings growth exceeds its 5-year average (59.3% vs 17.2%)
  • ACNB's earnings growth has exceeded the US Banks industry average in the past year (59.3% vs 33.2%).
Earnings and Revenue History
ACNB's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ACNB Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:ACNB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 74.43 23.66 38.05
2019-03-31 72.85 22.70 37.68
2018-12-31 71.37 21.75 37.46
2018-09-30 70.50 18.98 36.54
2018-06-30 69.65 14.85 36.31
2018-03-31 64.93 12.06 34.83
2017-12-31 60.50 9.79 33.11
2017-09-30 55.52 9.84 31.88
2017-06-30 50.96 10.70 30.24
2017-03-31 49.99 10.96 29.66
2016-12-31 49.33 10.87 29.38
2016-09-30 49.24 11.15 29.00
2016-06-30 48.35 11.19 28.53
2016-03-31 48.26 11.02 28.31
2015-12-31 48.01 11.02 28.04
2015-09-30 47.54 10.63 27.74
2015-06-30 46.88 10.44 27.33
2015-03-31 46.40 10.36 26.93
2014-12-31 45.63 10.29 26.46
2014-09-30 45.15 10.09 26.09
2014-06-30 44.74 9.78 25.83
2014-03-31 43.91 9.37 25.75
2013-12-31 43.87 9.32 25.61
2013-09-30 43.10 9.27 25.63
2013-06-30 42.50 9.26 25.43
2013-03-31 42.03 9.07 25.13
2012-12-31 41.54 8.89 24.87
2012-09-30 40.95 8.42 24.44

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ACNB has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ACNB used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if ACNB improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess ACNB's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ACNB has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ACNB's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of ACNB's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ACNB Company Filings, last reported 1 month ago.

NasdaqCM:ACNB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 180.88 102.43 76.61
2019-03-31 173.79 112.17 61.35
2018-12-31 168.14 118.16 39.03
2018-09-30 164.51 123.25 63.70
2018-06-30 160.31 116.23 63.05
2018-03-31 156.61 128.75 60.20
2017-12-31 153.97 131.51 32.67
2017-09-30 153.26 130.66 49.49
2017-06-30 123.84 126.69 26.28
2017-03-31 121.84 118.22 16.52
2016-12-31 120.06 108.84 17.73
2016-09-30 120.75 112.00 55.39
2016-06-30 119.28 116.69 46.22
2016-03-31 116.94 112.99 16.18
2015-12-31 114.72 111.70 17.82
2015-09-30 114.55 113.22 46.09
2015-06-30 112.90 113.20 28.00
2015-03-31 111.65 113.61 27.45
2014-12-31 110.02 126.64 17.83
2014-09-30 111.71 123.33 24.01
2014-06-30 110.45 118.77 29.13
2014-03-31 108.36 114.32 19.22
2013-12-31 106.80 131.76 16.44
2013-09-30 103.02 105.19 19.23
2013-06-30 101.80 104.08 38.22
2013-03-31 102.30 95.16 46.29
2012-12-31 101.26 107.26 49.06
2012-09-30 101.68 122.94 64.50
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • ACNB has an acceptable proportion of non-loan assets held.
  • ACNB's liabilities are made up of primarily low risk sources of funding.
  • Loans at ACNB are broadly funded by customer deposits.
  • ACNB's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • ACNB has a sufficient allowance for bad loans.
  • ACNB has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess ACNB's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ACNB has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is ACNB's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.85%
Current annual income from ACNB dividends.
If you bought $2,000 of ACNB shares you are expected to receive $57 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ACNB's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.5%).
  • ACNB's dividend is below the markets top 25% of dividend payers in United States of America (3.9%).
Upcoming dividend payment

Purchase ACNB before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:ACNB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 480 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:ACNB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-18 1.000 2.737
2019-04-22 1.000 2.671
2019-01-24 0.920 2.450
2018-10-29 0.920 2.423
2018-07-26 0.920 2.537
2018-03-26 0.920 2.908
2018-01-29 0.800 2.799
2017-10-23 0.800 2.756
2017-07-26 0.800 2.910
2017-04-20 0.800 2.699
2017-01-25 0.800 2.697
2016-10-20 0.800 2.675
2016-07-20 0.800 3.022
2016-04-21 0.800 3.368
2016-01-29 0.800 3.621
2015-10-23 0.800 3.712
2015-07-22 0.800 3.872
2015-04-23 0.800 3.911
2015-01-29 0.800 3.934
2014-10-23 0.800 3.933
2014-07-24 0.760 3.975
2014-04-17 0.760 3.903
2014-02-03 0.760 4.083
2013-10-25 0.760 4.202
2013-07-17 0.760 4.463
2013-04-17 0.760 4.565
2013-02-01 0.760 4.554
2012-07-18 0.760 4.883
2012-04-20 0.760 5.202
2012-01-30 0.760 5.270
2011-10-24 0.760 5.458
2011-07-21 0.760 5.213
2011-04-25 0.760 4.934
2011-01-31 0.760 4.841
2010-10-25 0.760 5.006
2010-07-27 0.760 5.271
2010-04-26 0.760 5.427
2010-02-01 0.760 5.856
2009-10-23 0.760 5.972
2009-07-24 0.760 5.816
2009-04-27 0.760 6.924
2009-02-02 0.760 8.063

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of ACNB's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ACNB's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ACNB afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ACNB has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of ACNB's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
James Helt
COMPENSATION $557,782
AGE 52
TENURE AS CEO 2.3 years
CEO Bio

Mr. James P. Helt, also known as Jim, has been the Chief Executive Officer and President of ACNB Corporation since May 5, 2017. He serves as the President of ACNB Bank since September 1, 2015 and serves as its Chief Executive Officer since May 5, 2017. In his role as President of Adams County National Bank, Mr. Helt leads the ACNB Bank's business activities with most of the business functions since 2015. Mr. Helt served as an Executive Vice President of Banking Services of ACNB Bank, (a subsidiary of ACNB Corp) since 2008 until September 1, 2015. Mr. Helt was responsible for all lending activities, credit administration functions, information systems, facilities, marketing, electronic customer delivery channels and oversight of the retail banking offices. Prior to joining ACNB Bank, Mr. Helt worked for Susquehanna Bank as Regional President for the Hanover/Adams & York Region from 2007to 2008. Prior to its acquisition by Susquehanna Bank, he worked for Community Banks as Regional President for the Hanover/Adams Region from March 1997 to November 2007. He is an active member of the local community and has been involved with several organizations including the Rotary Club of Hanover, Hanover Adams Counseling Services and the Visiting Nurse Association of Hanover & Spring Grove. He has been a Director at ACNB Corporation since May 2, 2017 and has been a Director for its subsidiary Adams County National Bank (ACNB Bank) since 2015. He has been Director of Russell Insurance Group, Inc since 2016. Mr. Helt is a graduate of Elizabethtown College in 1989, with a B.S. in Finance and Management.

CEO Compensation
  • James's compensation has been consistent with company performance over the past year, both up more than 20%.
  • James's remuneration is lower than average for companies of similar size in United States of America.
Management Team

James Helt

TITLE
President
COMPENSATION
$558K
AGE
52
TENURE
2.3 yrs

Dave Cathell

TITLE
Executive VP
COMPENSATION
$428K
AGE
64
TENURE
12.6 yrs

Lynda Glass

TITLE
Executive VP
COMPENSATION
$417K
AGE
58
Board of Directors Tenure

Average tenure and age of the ACNB board of directors in years:

10.8
Average Tenure
64
Average Age
  • The average tenure for the ACNB board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Rusty Elsner

TITLE
Chairman of the Board
COMPENSATION
$86K
AGE
58
TENURE
6.3 yrs

James Helt

TITLE
President
COMPENSATION
$558K
AGE
52
TENURE
2.3 yrs

Alan Stock

TITLE
Vice Chairman of the Board
COMPENSATION
$54K
AGE
61
TENURE
6.3 yrs

Marian Schultz

TITLE
Director
COMPENSATION
$41K
AGE
69
TENURE
27.6 yrs

Daniel Potts

TITLE
Director
COMPENSATION
$57K
AGE
66
TENURE
15.3 yrs

James Williams

TITLE
Director
COMPENSATION
$44K
AGE
65
TENURE
12.3 yrs

Scott Kelley

TITLE
Director
COMPENSATION
$47K
AGE
67
TENURE
7.3 yrs

Thomas Ritter

TITLE
Director
COMPENSATION
$44K
AGE
67
TENURE
18.6 yrs

James Lott

TITLE
Director
COMPENSATION
$40K
AGE
56
TENURE
12.3 yrs

David Sites

TITLE
Director
COMPENSATION
$42K
AGE
63
TENURE
9.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by ACNB individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Aug 19 Buy Donna Newell Individual 12. Aug 19 12. Aug 19 716 $36.26 $25,849
20. Jun 19 Buy Lynda Glass Individual 14. Jun 19 14. Jun 19 27 $36.47 $1,000
20. Jun 19 Buy Thomas Stone Individual 14. Jun 19 14. Jun 19 14 $36.47 $500
20. Jun 19 Buy James Helt Individual 14. Jun 19 14. Jun 19 69 $36.47 $2,500
20. Jun 19 Buy Frank Elsner Individual 14. Jun 19 14. Jun 19 7 $36.47 $250
02. May 19 Buy Frank Elsner Individual 01. May 19 01. May 19 500 $37.47 $18,736
21. Mar 19 Buy Thomas Stone Individual 15. Mar 19 15. Mar 19 13 $37.11 $500
21. Mar 19 Buy Lynda Glass Individual 15. Mar 19 15. Mar 19 27 $37.11 $1,000
21. Mar 19 Buy James Helt Individual 15. Mar 19 15. Mar 19 67 $37.11 $2,500
21. Mar 19 Buy Frank Elsner Individual 15. Mar 19 15. Mar 19 7 $37.11 $250
27. Feb 19 Sell Donald Seibel Individual 25. Feb 19 25. Feb 19 -310 $41.00 $-12,710
28. Dec 18 Sell Donald Seibel Individual 19. Dec 18 20. Dec 18 -12,700 $39.50 $-483,677
20. Dec 18 Buy Thomas Stone Individual 14. Dec 18 14. Dec 18 14 $36.31 $500
20. Dec 18 Buy Lynda Glass Individual 14. Dec 18 14. Dec 18 28 $36.31 $1,000
20. Dec 18 Buy James Helt Individual 14. Dec 18 14. Dec 18 69 $36.31 $2,500
20. Dec 18 Buy Frank Elsner Individual 14. Dec 18 14. Dec 18 7 $36.31 $250
13. Dec 18 Buy David Sites Individual 12. Dec 18 12. Dec 18 46 $35.50 $1,633
07. Dec 18 Buy David Sites Individual 06. Dec 18 06. Dec 18 1,000 $35.00 $35,000
03. Dec 18 Sell Scott Kelley Individual 29. Nov 18 29. Nov 18 -900 $36.52 $-32,868
28. Nov 18 Buy Douglas Seibel Individual 26. Nov 18 26. Nov 18 95 $36.92 $3,507
26. Sep 18 Buy Tom Rasmussen Individual 24. Sep 18 24. Sep 18 1,000 $38.21 $38,206
20. Sep 18 Buy Thomas Stone Individual 14. Sep 18 14. Sep 18 13 $39.38 $500
20. Sep 18 Buy David Sites Individual 14. Sep 18 14. Sep 18 114 $39.38 $4,500
20. Sep 18 Buy James Helt Individual 14. Sep 18 14. Sep 18 63 $39.38 $2,500
20. Sep 18 Buy Lynda Glass Individual 14. Sep 18 14. Sep 18 25 $39.38 $1,000
20. Sep 18 Buy James Williams Individual 14. Sep 18 14. Sep 18 57 $39.38 $2,250
20. Sep 18 Buy Alan Stock Individual 14. Sep 18 14. Sep 18 114 $39.38 $4,500
20. Sep 18 Buy Daniel Potts Individual 14. Sep 18 14. Sep 18 57 $39.38 $2,250
20. Sep 18 Buy Donald Seibel Individual 14. Sep 18 14. Sep 18 57 $39.38 $2,250
20. Sep 18 Buy Marian Schultz Individual 14. Sep 18 14. Sep 18 57 $39.38 $2,250
20. Sep 18 Buy Thomas Ritter Individual 14. Sep 18 14. Sep 18 114 $39.38 $4,500
20. Sep 18 Buy J. Patterson Individual 14. Sep 18 14. Sep 18 114 $39.38 $4,500
20. Sep 18 Buy Donna Newell Individual 14. Sep 18 14. Sep 18 57 $39.38 $2,250
20. Sep 18 Buy James Lott Individual 14. Sep 18 14. Sep 18 57 $39.38 $2,250
20. Sep 18 Buy Todd Herring Individual 14. Sep 18 14. Sep 18 114 $39.38 $4,500
20. Sep 18 Buy Scott Kelley Individual 14. Sep 18 14. Sep 18 57 $39.38 $2,250
20. Sep 18 Buy Frank Elsner Individual 14. Sep 18 14. Sep 18 63 $39.38 $2,500
20. Sep 18 Buy Richard Alloway Individual 14. Sep 18 14. Sep 18 114 $39.38 $4,500
X
Management checks
We assess ACNB's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ACNB has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Do ACNB's (NASDAQ:ACNB) Earnings Warrant Your Attention?

Check out our latest analysis for ACNB How Quickly Is ACNB Increasing Earnings Per Share? … I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … You can't deny that ACNB has grown its earnings per share at a very impressive rate.

Simply Wall St -

Does ACNB Corporation's (NASDAQ:ACNB) P/E Ratio Signal A Buying Opportunity?

We'll look at ACNB Corporation's (NASDAQ:ACNB) P/E ratio and reflect on what it tells us about the company's share price. … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for ACNB: P/E of 11.83 = $38.15 ÷ $3.22 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … NasdaqCM:ACNB Price Estimation Relative to Market, July 11th 2019 That indicates that the market expects ACNB will perform roughly in line with other companies in its industry.

Simply Wall St -

Why Dividend Hunters Love ACNB Corporation (NASDAQ:ACNB)

Is ACNB Corporation (NASDAQ:ACNB) a good dividend stock? How would you know? Dividend paying companies with growing earnings can be highly rewarding in the long term. If you are hoping to live on your dividends, it's important to be more stringent with your investments than the average punter. Regular readers know we like to apply the same approach to each dividend stock, and we hope you'll find our analysis useful. A 2.6% yield is nothing to get excited about, but investors probably think the long payment history suggests ACNB has some staying power. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Dividend Growth Potential Dividend payments have been consistent over the past few years, but we should always check if earnings per share (EPS) are growing, as this will help maintain the purchasing power of the dividend. … It's good to see ACNB has been growing its earnings per share at 16% a year over the past 5 years.

Simply Wall St -

Did You Miss ACNB's (NASDAQ:ACNB) Impressive 106% Share Price Gain?

By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During five years of share price growth, ACNB achieved compound earnings per share (EPS) growth of 15% per year. … So the EPS growth rate is rather close to the annualized share price gain of 16% per year.

Simply Wall St -

How Many ACNB Corporation (NASDAQ:ACNB) Shares Have Insiders Sold, In The Last Year?

So shareholders might well want to know whether insiders have been buying or selling shares in ACNB Corporation (NASDAQ:ACNB). … While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. … Over the last year we saw more insider selling of ACNB shares, than buying

Simply Wall St -

Does ACNB Corporation's (NASDAQ:ACNB) P/E Ratio Signal A Buying Opportunity?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at ACNB Corporation's (NASDAQ:ACNB) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Financial Metrics For ACNB Corporation (NASDAQ:ACNB)

ACNB Corporation’s (NASDAQ:ACNB) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$261m. … Since banks make money by reinvesting its customers’ deposits in the form of loans, strong economic growth will drive the level of savings deposits and demand for loans, directly impacting the cash flows of those banks. … These reforms target bank level regulation and aims to improve the banking sector’s ability to absorb shocks arising from economic stress which could expose financial institutions to vulnerabilities.

Simply Wall St -

Should You Be Concerned About ACNB Corporation’s (NASDAQ:ACNB) Risks?

Risk associated with repayment is measured by bad debt which is written off as an expense, impacting ACNB’s bottom line. … Today we will analyse ACNB’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank. … NasdaqCM:ACNB Historical Debt, February 21st 2019

Simply Wall St -

How Does ACNB Corporation (NASDAQ:ACNB) Fare As A Dividend Stock?

Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … Historically, ACNB Corporation (NASDAQ:ACNB) has paid a dividend to shareholders. … Let's take a look at ACNB in more detail.

Simply Wall St -

Read This Before Buying ACNB Corporation (NASDAQ:ACNB) Shares

So we know that an insider sold shares at around the present share price of US$38.27. … But insiders sold 13.60k shares worth US$517k. … All up, insiders sold more shares in ACNB than they bought, over the last year

Simply Wall St -

Company Info

Description

ACNB Corporation, a financial holding company, provides banking, insurance, and financial services to individual, business, and government customers in the United States. The company offers checking, savings, and money market deposit accounts, as well as time deposits and debit cards. It also provides 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 comprising home equity loans and lines of credit, automobile and recreational vehicle loans, manufactured housing loans, and personal lines of credit; and mortgage lending programs consisting of personal residential mortgages, and residential construction and investment mortgage loans. In addition, the company provides estate settlement services; other services that are related to testamentary trusts, life insurance trusts, charitable remainder trusts, guardianships, powers of attorney, custodial accounts, and investment management and advisory accounts; and retail brokerage services. Further, it acts as a trustee to invest in, protect, manage, and distribute financial assets. Additionally, the company offers property and casualty, life, and health insurance products to commercial and individual clients; and online, telephone, and mobile banking, as well as automated teller machine services. ACNB Corporation operates through a network of 22 community banking offices located in Adams, Cumberland, Franklin, and York counties, southcentral Pennsylvania; 7 community banking offices located in Carroll county, Maryland; and loan production offices located in York, York County, Pennsylvania, as well as in Hunt Valley, Baltimore County, Maryland. The company was founded in 1857 and is headquartered in Gettysburg, Pennsylvania.

Details
Name: ACNB Corporation
ACNB
Exchange: NasdaqCM
Founded: 1857
$247,798,557
7,069,859
Website: http://www.acnb.com
Address: ACNB Corporation
16 Lincoln Square,
Gettysburg,
Pennsylvania, 17325,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM ACNB Common Stock Nasdaq Capital Market US USD 17. Oct 1990
Number of employees
Current staff
Staff numbers
361
ACNB employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/16 23:30
End of day share price update: 2019/08/16 00:00
Last earnings filing: 2019/08/02
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.