NasdaqCM:ACNB

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

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


Similar Companies

Share Price & News

How has ACNB's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.9%

ACNB

4.1%

US Banks

1.0%

US Market


1 Year Return

-7.5%

ACNB

7.2%

US Banks

8.0%

US Market

Return vs Industry: ACNB underperformed the US Banks industry which returned 7.2% over the past year.

Return vs Market: ACNB underperformed the US Market which returned 8% over the past year.


Shareholder returns

ACNBIndustryMarket
7 Day-0.9%4.1%1.0%
30 Day-5.7%2.8%-0.07%
90 Day-8.6%2.9%-1.0%
1 Year-5.0%-7.5%10.3%7.2%10.4%8.0%
3 Year39.0%28.0%53.9%43.3%46.2%36.7%
5 Year103.5%74.1%71.9%53.1%64.3%46.2%

Price Volatility Vs. Market

How volatile is ACNB's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

10.12x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ACNB ($33.99) is trading above our estimate of fair value ($18.91)

Significantly Below Fair Value: ACNB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ACNB is good value based on its PE Ratio (10.1x) compared to the Banks industry average (12.6x).

PE vs Market: ACNB is good value based on its PE Ratio (10.1x) compared to the US market (17.6x).


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 is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

0.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACNB's forecast earnings growth (0.2% per year) is below the savings rate (2.7%).

Earnings vs Market: ACNB's earnings (0.2% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: ACNB's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if ACNB's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if ACNB's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ACNB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has ACNB performed over the past 5 years?

17.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ACNB's earnings have grown by 17.2% per year over the past 5 years.

Accelerating Growth: ACNB's earnings growth over the past year (59.3%) exceeds its 5-year average (17.2% per year).

Earnings vs Industry: ACNB earnings growth over the past year (59.3%) exceeded the Banks industry 30.1%.


Return on Equity

High ROE: ACNB's Return on Equity (13.1%) is considered low.


Return on Assets

ROA vs Industry: ACNB has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate ACNB's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: ACNB has a low level of unsold assets or inventory.

Debt Coverage by Assets: ACNB's debt is not covered by short term assets (assets are 0.8x debt).


Financial Institutions Analysis

Asset Level: ACNB's level of assets compared to its equity is low.

Allowance for Bad Loans: ACNB has a sufficient allowance for bad loans.

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

Loan Level: ACNB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ACNB's loans are broadly funded by customer deposits.

Level of Bad Loans: ACNB has an appropriate level of bad loans (0.34%)


Next Steps

Dividend

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

2.94%

Current Dividend Yield


Dividend Yield vs Market

company2.9%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ACNB's dividend (2.94%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: ACNB's dividend (2.94%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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

Dividend Coverage: With its reasonably low payout ratio (28%), 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 and that it will be covered by earnings.


Next Steps

Management

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

10.9yrs

Average board tenure


CEO

James Helt (52yo)

2.4yrs

Tenure

US$557,782

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: James has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: James's compensation has increased by more than 20% in the past year.


Board Age and Tenure

10.9yrs

Average Tenure

62yo

Average Age

Experienced Board: ACNB's board of directors are seasoned and experienced ( 10.9 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$50019 Sep 19
Thomas Stone
EntityIndividual
Shares14.09
Max PriceUS$35.48
BuyUS$1,00019 Sep 19
Lynda Glass
EntityIndividual
Role
Senior Key Executive
Executive VP
Shares28.18
Max PriceUS$35.48
BuyUS$2,50019 Sep 19
James Helt
EntityIndividual
Role
Chief Executive Officer
President
Shares70.46
Max PriceUS$35.48
BuyUS$25019 Sep 19
Frank Elsner
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares7.05
Max PriceUS$35.48
BuyUS$25,84913 Aug 19
Donna Newell
EntityIndividual
Role
Member of the Board of Directors
Director
Shares716
Max PriceUS$36.26
BuyUS$1,00020 Jun 19
Lynda Glass
EntityIndividual
Role
Senior Key Executive
Executive VP
Shares27.42
Max PriceUS$36.47
BuyUS$50020 Jun 19
Thomas Stone
EntityIndividual
Shares13.71
Max PriceUS$36.47
BuyUS$2,50020 Jun 19
James Helt
EntityIndividual
Role
Chief Executive Officer
President
Shares68.55
Max PriceUS$36.47
BuyUS$25020 Jun 19
Frank Elsner
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares6.85
Max PriceUS$36.47
BuyUS$18,73602 May 19
Frank Elsner
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares500
Max PriceUS$37.47
BuyUS$50021 Mar 19
Thomas Stone
EntityIndividual
Shares13.48
Max PriceUS$37.11
BuyUS$1,00021 Mar 19
Lynda Glass
EntityIndividual
Role
Senior Key Executive
Executive VP
Shares26.95
Max PriceUS$37.11
BuyUS$2,50021 Mar 19
James Helt
EntityIndividual
Role
Chief Executive Officer
President
Shares67.38
Max PriceUS$37.11
BuyUS$25021 Mar 19
Frank Elsner
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares6.74
Max PriceUS$37.11
SellUS$12,71027 Feb 19
Donald Seibel
EntityIndividual
Shares310
Max PriceUS$41.00
SellUS$483,67728 Dec 18
Donald Seibel
EntityIndividual
Shares12,700
Max PriceUS$39.50
BuyUS$50020 Dec 18
Thomas Stone
EntityIndividual
Shares13.77
Max PriceUS$36.31
BuyUS$1,00020 Dec 18
Lynda Glass
EntityIndividual
Role
Senior Key Executive
Executive VP
Shares27.54
Max PriceUS$36.31
BuyUS$2,50020 Dec 18
James Helt
EntityIndividual
Role
Chief Executive Officer
President
Shares68.86
Max PriceUS$36.31
BuyUS$25020 Dec 18
Frank Elsner
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares6.89
Max PriceUS$36.31
BuyUS$1,63313 Dec 18
David Sites
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares46
Max PriceUS$35.50
BuyUS$35,00007 Dec 18
David Sites
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$35.00
SellUS$32,86803 Dec 18
Scott Kelley
EntityIndividual
Shares900
Max PriceUS$36.52
BuyUS$3,50728 Nov 18
Douglas Seibel
EntityIndividual
Shares95
Max PriceUS$36.92

Ownership Breakdown


Management Team

  • Lynda Glass (58yo)

    Executive VP

    • Tenure: 0yrs
    • Compensation: US$416.50k
  • Dave Cathell (64yo)

    Executive VP

    • Tenure: 12.8yrs
    • Compensation: US$428.12k
  • James Helt (52yo)

    President

    • Tenure: 2.4yrs
    • Compensation: US$557.78k
  • Tom Rasmussen (59yo)

    • Tenure: 0yrs

Board Members

  • Marian Schultz (69yo)

    Independent Director

    • Tenure: 27.8yrs
    • Compensation: US$41.42k
  • Thomas Ritter (67yo)

    Director

    • Tenure: 18.8yrs
    • Compensation: US$44.26k
  • Rusty Elsner (58yo)

    Chairman of the Board

    • Tenure: 6.5yrs
    • Compensation: US$86.04k
  • Daniel Potts (66yo)

    Director

    • Tenure: 15.4yrs
    • Compensation: US$57.18k
  • Alan Stock (61yo)

    Vice Chairman of the Board

    • Tenure: 6.5yrs
    • Compensation: US$53.81k
  • James Lott (56yo)

    Independent Director

    • Tenure: 12.4yrs
    • Compensation: US$40.34k
  • James Williams (65yo)

    Independent Director

    • Tenure: 12.4yrs
    • Compensation: US$44.41k
  • James Helt (52yo)

    President

    • Tenure: 2.4yrs
    • Compensation: US$557.78k
  • David Sites (63yo)

    Independent Director

    • Tenure: 9.4yrs
    • Compensation: US$42.48k
  • Donna Newell (48yo)

    Director

    • Tenure: 7.4yrs
    • Compensation: US$32.59k

Company Information

ACNB Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ACNB Corporation
  • Ticker: ACNB
  • Exchange: NasdaqCM
  • Founded: 1857
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$240.464m
  • Shares outstanding: 7.07m
  • Website: https://www.acnb.com

Number of Employees


Location

  • ACNB Corporation
  • 16 Lincoln Square
  • Gettysburg
  • Pennsylvania
  • 17325
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACNBNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDOct 1990

Biography

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, savin ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:30
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.