ACNB (ACNB) AI Stock Analysis

• Market Cap: $552.06M
• Dividend Yield: 2.78%
• Average Volume (3M): 20.18K
• Price to Earnings (P/E): 14.8
• Beta (1Y): 0.82
• Revenue Growth: 41.95%
• EPS Growth: -4.72%
• Country: US
• Employees: 391
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.35
• Shares Outstanding: 10,384,812
• 10 Day Avg. Volume: 22,248
• 30 Day Avg. Volume: 20,179
• PEG Ratio: 13.19
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 2.56
• P/FCF Ratio: 8.72
• Enterprise Value/Market Cap: 1.59
• Enterprise Value/Revenue: 4.93
• Enterprise Value/Gross Profit: 6.40
• Enterprise Value/Ebitda: 18.56
• 1Y Price Target: $57.00
• Price Target Upside: 8.04% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: $52.00 ▼(-1.44% Downside)

The score is driven primarily by solid financial performance (profitability, improved TTM growth, and strong cash conversion), partially offset by higher leverage versus historical levels. Valuation is supportive with a moderate P/E and solid dividend yield, while technicals are mildly weak in the near term. Positive corporate events (notably the dividend increase) add incremental support.

Positive Factors

Free cash flow conversion

Consistently converting nearly all net income into cash (≈95–98%, ~97% TTM) supports durable cash returns, funding for organic growth and loan originations, and lowers reliance on external funding. Strong TTM FCF growth (+26%) enhances long-term financial flexibility.

Revenue and operating profitability

Improved TTM revenue growth (+10.5%) combined with healthy net and operating margins (~19% and ~25%) indicate a resilient core banking business. Sustained margins and accelerating revenues provide structural support for earnings stability and internal capital generation over the medium term.

Capital actions and strategic M&A

An 18.7% dividend increase signals management confidence in capital adequacy and free cash generation. Coupled with the completed Traditions Bancorp acquisition and stated robust capital, this suggests a strategic mix of shareholder return and inorganic growth that can sustainably expand market presence.

Negative Factors

Elevated leverage

Leverage stepped up materially since 2022 (D/E ~0.90 in 2023–24, ~0.78 TTM), raising sensitivity to rising funding costs and credit-cycle stress. Higher debt dampens balance sheet resilience, constrains capital cushion, and increases refinancing and liquidity risk over the medium term.

Margin sustainability concerns

Margins have trended down from unusually high 2023–24 levels and historical outliers in 2022 reduce confidence in trend stability. If margins revert toward lower normalized levels, structural earnings power and reserve for growth or stress could be constrained over the next several quarters.

Volatile free cash flow growth

Although FCF converts closely to income, year-to-year FCF growth has been uneven (flat or down in 2022 and 2024). This volatility can complicate capital planning, limit predictable reinvestment or buybacks, and increase reliance on external funding for strategic initiatives during weaker cash years.

ACNB Business Overview & Revenue Model

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 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. In addition, the company provides 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, health, life, and disability insurance products to commercial and individual clients; and online, telephone, and mobile banking, as well as automated teller machine services. As of December 31, 2021, it operated through a network of 19 community banking offices located in Pennsylvania, including 12 offices in Adams county, five offices in York county, one office in Cumberland County, and one office in Franklin County; five community banking offices located in Frederick County; six community banking offices located in Carroll county, Maryland; and loan offices located in Lancaster and York, Pennsylvania, and Hunt Valley, Maryland. The company was founded in 1857 and is headquartered in Gettysburg, Pennsylvania.

How the Company Makes Money

ACNB generates revenue primarily through interest income from loans and investments, as well as non-interest income from service fees, mortgage origination fees, and wealth management services. The majority of revenue comes from interest on loans made to consumers and businesses, which typically constitute a significant portion of their asset portfolio. Additionally, ACNB earns fees from account services, transactions, and financial advisory services. The company may also engage in partnerships with local businesses and institutions to enhance service offerings, thereby increasing customer acquisition and retention, which contributes to its overall earnings.

ACNB Financial Statement Overview

Summary

Solid profitability and improving TTM revenue growth support the score, and free cash flow conversion is strong (FCF close to net income) with strong TTM FCF growth. The main constraint is the meaningful rise in leverage since 2022 (debt-to-equity elevated vs. history), which increases sensitivity to funding/credit conditions and tempers the balance sheet profile.

Income Statement

ACNB shows solid profitability with healthy TTM (Trailing-Twelve-Months) net margin (~19%) and strong operating profitability (EBIT margin ~25%). Revenue growth has accelerated meaningfully in TTM (+10.5%) versus low-to-mid single digit growth in prior annual periods, supporting earnings stability. Offsetting this, margins have trended down from the very high levels shown in 2023–2024 to TTM, and 2022 includes clear outlier margin/growth figures that reduce confidence in the smoothness of the historical trend.

Balance Sheet

Leverage has risen sharply: debt-to-equity moved from low levels in 2020–2022 to ~0.90 in 2023–2024, improving slightly to ~0.78 in TTM (Trailing-Twelve-Months) but still elevated versus the company’s own history. Equity has grown (supportive of capacity and resilience), and return on equity remains decent (~9% TTM). The key weakness is the step-up in debt since 2022, which increases sensitivity to funding costs and credit-cycle pressure.

Cash Flow

Cash generation is a strength: free cash flow is consistently close to net income (about 95–98% across periods, ~97% TTM), suggesting earnings are converting well into cash. TTM (Trailing-Twelve-Months) free cash flow growth is strong (+26%). The main watch-out is volatility in year-to-year free cash flow growth (including flat to down in 2022 and 2024), indicating less consistent cash expansion despite generally positive absolute cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	177.82M	132.19M	114.75M	108.44M	100.94M	105.38M
Gross Profit	136.96M	111.10M	105.58M	104.81M	93.97M	84.02M
EBITDA	47.25M	43.45M	43.21M	48.75M	38.46M	26.35M
Net Income	32.84M	31.85M	31.69M	35.75M	27.83M	18.39M
Balance Sheet
Total Assets	3.25B	2.39B	2.42B	2.53B	2.79B	2.56B
Cash, Cash Equivalents and Short-Term Investments	564.36M	64.85M	517.65M	721.72M	1.15B	737.07M
Total Debt	340.53M	273.92M	254.79M	66.12M	73.17M	95.35M
Total Liabilities	2.84B	2.09B	2.14B	2.28B	2.51B	2.30B
Stockholders Equity	408.64M	303.27M	277.46M	245.04M	272.11M	257.97M
Cash Flow
Free Cash Flow	45.32M	38.82M	39.43M	37.39M	40.55M	24.42M
Operating Cash Flow	46.59M	39.78M	40.60M	39.20M	42.13M	25.47M
Investing Cash Flow	83.16M	2.43M	15.44M	-331.72M	60.52M	-114.85M
Financing Cash Flow	-85.71M	-60.91M	-158.24M	-249.45M	208.13M	374.37M

ACNB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 52.76
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ACNB, the sentiment is Positive. The current price of 52.76 is above the 20-day moving average (MA) of 49.80, above the 50-day MA of 49.75, and above the 200-day MA of 44.82, indicating a bullish trend. The MACD of 0.81 indicates Negative momentum. The RSI at 64.95 is Neutral, neither overbought nor oversold. The STOCH value of 90.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ACNB.

ACNB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BSVN	78 Outperform	$429.28M	10.09	19.46%	2.40%	-6.72%	19.64%
AROW	75 Outperform	$590.28M	13.55	8.49%	3.59%	6.86%	6.11%
BWB	71 Outperform	$547.01M	13.30	8.63%	―	13.96%	25.74%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ACNB	65 Neutral	$552.06M	14.77	9.18%	2.78%	41.95%	-4.72%
FFIC	54 Neutral	$570.52M	31.28	-5.05%	5.16%	-11.91%	-235.73%
FFWM	49 Neutral	$538.75M	-3.41	-16.22%	―	-6.47%	-75.82%

ACNB Corporate Events

ACNB Increases Quarterly Dividend, Highlighting Stronger Capital Position

On January 27, 2026, ACNB Corporation’s board of directors approved and declared a regular quarterly cash dividend of $0.38 per share for the first quarter of 2026, payable on March 13, 2026, to shareholders of record as of February 27, 2026. The dividend, announced publicly on January 29, 2026, represents an 18.7% increase, or $0.06 per share, over the $0.32 dividend paid in the first quarter of the prior year, signaling a strengthened capital position and a continued commitment to returning cash to shareholders, which may enhance the company’s appeal to income-focused investors in the regional financial services sector.

The most recent analyst rating on (ACNB) stock is a Buy with a $57.00 price target. To see the full list of analyst forecasts on ACNB stock, see the ACNB Stock Forecast page.

ACNB Repositions Investment Portfolio for Higher Yields

On December 2, 2025, ACNB Corporation executed a strategic repositioning of its investment securities portfolio, selling $74.6 million in lower-yielding agency debt and purchasing higher-yielding securities. This move is expected to improve interest income by approximately $2.6 million over the next 12 months, despite an estimated after-tax loss of $2.8 million from the sale. ACNB anticipates recovering this loss in about 1.42 years, with no impact on stockholders’ equity or book value per share. The company’s capital levels remain robust, and it expects to maintain profitability for the fourth quarter of 2025.

The most recent analyst rating on (ACNB) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on ACNB stock, see the ACNB Stock Forecast page.

ACNB Highlights Q3 2025 Financial Performance

ACNB Corporation has released an investor presentation detailing its financial performance and strategic initiatives as of the third quarter of 2025. The company highlights its strong capital position, stable asset quality, and focus on expense management to support growth and customer experience improvement. The presentation also notes the successful acquisition of Traditions Bancorp, Inc. in early 2025, contributing to its market presence and profitability.

The most recent analyst rating on (ACNB) stock is a Buy with a $52.00 price target. To see the full list of analyst forecasts on ACNB stock, see the ACNB Stock Forecast page.