ACNB (NasdaqCM:ACNB) - Share price, News & Analysis

ACNB fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	4/6

ACNB Stock Overview

ACNB Corporation, a financial holding company, provides banking, insurance, and financial services to individual, business, and government customers in the United States.

Rewards

Trading at 50.2% below our estimate of its fair value

Pays a reliable dividend of 3.28%

Risk Analysis

No risks detected for ACNB from our risk checks.

ACNB Competitors

Heritage Commerce

NasdaqGS:HTBK

US$653.4m

Cambridge Bancorp

NasdaqCM:CATC

US$559.7m

Arrow Financial

NasdaqGS:AROW

US$505.7m

Bank of Marin Bancorp

NasdaqCM:BMRC

US$497.5m

Price History & Performance

Summary of all time highs, changes and price drops for ACNB
Historical stock prices
Current Share Price	US$31.71
52 Week High	US$36.04
52 Week Low	US$27.00
Beta	0.11
1 Month Change	-9.48%
3 Month Change	-1.83%
1 Year Change	10.41%
3 Year Change	-15.89%
5 Year Change	10.87%
Change since IPO	268.00%

Shareholder Returns

	ACNB	US Banks	US Market
7D	-1.8%	-1.5%	-2.7%
1Y	10.4%	-19.9%	-12.9%

Return vs Industry: ACNB exceeded the US Banks industry which returned -19.9% over the past year.

Return vs Market: ACNB exceeded the US Market which returned -12.9% over the past year.

Price Volatility

Is ACNB's price volatile compared to industry and market?
ACNB volatility
ACNB Average Weekly Movement	2.0%
Banks Industry Average Movement	4.0%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

Stable Share Price: ACNB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ACNB's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1857	397	Jim Helt	https://www.acnb.com

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, 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.

ACNB Fundamentals Summary

How do ACNB's earnings and revenue compare to its market cap?
ACNB fundamental statistics
Market Cap	US$276.10m
Earnings (TTM)	US$26.96m
Revenue (TTM)	US$92.29m

10.2x

P/E Ratio

1.1x

P/B Ratio

Is ACNB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACNB income statement (TTM)
Revenue	US$92.29m
Cost of Revenue	US$0
Gross Profit	US$92.29m
Other Expenses	US$65.33m
Earnings	US$26.96m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	3.10
Gross Margin	100.00%
Net Profit Margin	29.21%
Debt/Equity Ratio	23.5%

How did ACNB perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

33%

Payout Ratio

Does ACNB pay a reliable dividends?

See ACNB dividend history and benchmarks

When do you need to buy ACNB by to receive an upcoming dividend?
ACNB dividend dates
Ex Dividend Date	May 31 2022
Dividend Pay Date	Jun 15 2022
Days until Ex dividend	8 days
Days until Dividend pay date	23 days

Does ACNB pay a reliable dividends?

See ACNB dividend history and benchmarks

Valuation

Is ACNB undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ACNB ($31.71) is trading below our estimate of fair value ($63.66)

Significantly Below Fair Value: ACNB is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: ACNB is poor value based on its PE Ratio (10.2x) compared to the US Banks industry average (9.7x).

PE vs Market: ACNB is good value based on its PE Ratio (10.2x) compared to the US market (15.3x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ACNB's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: ACNB's PB Ratio (1.1x) is in line with the US Banks industry average.

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

10.1%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ACNB has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has ACNB performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

18.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ACNB has high quality earnings.

Growing Profit Margin: ACNB's current net profit margins (29.2%) are lower than last year (30.2%).

Past Earnings Growth Analysis

Earnings Trend: ACNB's earnings have grown by 18.2% per year over the past 5 years.

Accelerating Growth: ACNB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ACNB had negative earnings growth (-0.5%) over the past year, making it difficult to compare to the Banks industry average (20.9%).

Return on Equity

High ROE: ACNB's Return on Equity (10.5%) is considered low.

Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: ACNB's Assets to Equity ratio (10.7x) is moderate.

Allowance for Bad Loans: ACNB has a sufficient allowance for bad loans (344%).

Low Risk Liabilities: 97% of ACNB's liabilities are made up of primarily low risk sources of funding.

Loan Level: ACNB has an appropriate level of Loans to Assets ratio (53%).

Low Risk Deposits: ACNB's Loans to Deposits ratio (61%) is appropriate.

Level of Bad Loans: ACNB has an appropriate level of bad loans (0.4%).

Dividend

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

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

3.28%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: ACNB's dividend (3.28%) is higher than the bottom 25% of dividend payers in the US market (1.58%).

High Dividend: ACNB's dividend (3.28%) is low compared to the top 25% of dividend payers in the US market (4.11%).

Stability and Growth of Payments

Stable Dividend: ACNB's dividends per share have been stable in the past 10 years.

Growing Dividend: ACNB's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (32.9%), ACNB's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

10.2yrs

Average management tenure

CEO

Jim Helt (54 yo)

5yrs

Tenure

US$695,578

Compensation

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 (the "Bank") since September 1, 2015...

CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD695.58K) is below average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: ACNB's management team is seasoned and experienced (10.2 years average tenure).

Board Members

Experienced Board: ACNB's board of directors are seasoned and experienced ( 10 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: ACNB insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31