ACNB (ACNB)

Company Profile

ACNB Corporation, headquartered in Gettysburg, PA, is the $2.6 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, and Russell Insurance Group, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 21 community banking offices, located in the four southcentral Pennsylvania counties of Adams, Cumberland, Franklin and York, as well as loan offices in Lancaster and York, PA, and Hunt Valley, MD. As divisions of ACNB Bank operating in Maryland, FCB Bank and NWSB Bank serve the local marketplace with a network of five and seven community banking offices located in Frederick County and Carroll County, MD, respectively. Russell Insurance Group, Inc., the Corporation's insurance subsidiary, is a full-service agency with licenses in 44 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster, Germantown and Jarrettsville, MD, and Gettysburg, PA.

Company profile

Ticker

ACNB

Exchange

NASDAQ

Website

www.acnb.com

CEO

James P. Helt

Incorporated

Pennsylvania

Location

Pennsylvania

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • Citizens Financial • Ally Financial • Northern Trust • M & T Bank • Fifth Third Bancorp • Associated Banc-Corp. • SVB Financial • Commerce Bancshares • First Citizens Bancshares, Inc ...

SEC CIK

0000715579

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

232233457

ACNB stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$33.50

Low target

$31.00

High target

$36.00

Latest filings (excl ownership)

View all

8-K

Regulation FD Disclosure

9 May 23

Welcome & Introductions Alan J. Stock Chairman of the Board 2

4 May 23

8-K

Acnb Corporation Reports 2023 First Quarter Financial Results

27 Apr 23

8-K

Acnb Corporation Announces Second Quarter Cash Dividend

20 Apr 23

ARS

2022 FY

Annual report to shareholders

Departure of Directors or Certain Officers

Departure of Directors or Certain Officers

7 Feb 23

Latest ownership filings

View all

Financial summary

Financial statements Chart ACNB financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	114.07 mm	114.07 mm	114.07 mm	114.07 mm	114.07 mm	114.07 mm
Cash burn (monthly)	18.03 mm	30.30 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	37.77 mm	63.46 mm	n/a	n/a	n/a	n/a
Cash remaining	76.30 mm	50.61 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	4.2	1.7	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from ACNB earnings reports.

Institutional ownership, Q4 2022

ACNB institutional ownership history Ownership history

28.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	57	55	+3.6%
Opened positions	8	4	+100.0%
Closed positions	6	13	-53.8%
Increased positions	17	23	-26.1%
Reduced positions	19	16	+18.8%

13F shares	Current	Prev Q	Change
Total value	78.60 bn	352.61 mm	+22191.1%
Total shares	2.43 mm	2.33 mm	+4.0%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BLK Blackrock	451.25 k	$17.96 bn	+7.9%
FMR	431.98 k	$17.20 bn	-8.0%
Vanguard	404.67 k	$16.11 bn	+1.0%
Dimensional Fund Advisors	217.70 k	$8.67 mm	+3.3%
Geode Capital Management	154.39 k	$6.15 mm	+4.0%
STT State Street	116.28 k	$4.63 bn	NEW
Bridgeway Capital Management	88.20 k	$3.51 bn	0.0%
Hotchkis & Wiley Capital Management	71.32 k	$2.84 bn	+0.9%
NTRS Northern Trust	68.83 k	$2.74 bn	-0.6%
American Century Companies	42.80 k	$1.70 bn	+1.5%

Largest transactions	Shares	Bought/sold	Change
STT State Street	116.28 k	+116.28 k	NEW
FMR	431.98 k	-37.53 k	-8.0%
BLK Blackrock	451.25 k	+32.85 k	+7.9%
Brandes Investment Partners	0.00	-24.56 k	EXIT
BK Bank Of New York Mellon	31.03 k	-19.43 k	-38.5%
LSV Asset Management	0.00	-16.10 k	EXIT
IVZ Invesco	11.88 k	+11.88 k	NEW
BAC Bank Of America	14.02 k	+8.18 k	+140.0%
Dimensional Fund Advisors	217.70 k	+6.87 k	+3.3%
AMP Ameriprise Financial	6.61 k	+6.61 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ACNB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
25 May 23	Stock Alan J	ACNB Corporation Common	Buy	Acquire P	Yes	No	30.5	408	12.44 k	62,799
24 May 23	Stock Alan J	ACNB Corporation Common	Buy	Acquire P	Yes	No	30.25	492	14.88 k	62,391
22 May 23	Stock Alan J	ACNB Corporation Common	Buy	Acquire P	Yes	No	29.92	800	23.94 k	61,899
22 May 23	Stock Alan J	ACNB Corporation Common	Buy	Acquire P	Yes	No	29.95	400	11.98 k	61,099
22 May 23	Stock Alan J	ACNB Corporation Common	Buy	Acquire P	Yes	No	30.2	699	21.11 k	60,699
22 May 23	Stock Alan J	ACNB Corporation Common	Buy	Acquire P	Yes	No	30.25	600	18.15 k	60,000
19 May 23	Stock Alan J	ACNB Corporation Common	Buy	Acquire P	Yes	No	29.3	204	5.98 k	59,400
19 May 23	Stock Alan J	ACNB Corporation Common	Buy	Acquire P	Yes	No	29.897	500	14.95 k	59,196
19 May 23	Stock Alan J	ACNB Corporation Common	Buy	Acquire P	Yes	No	29.9568	500	14.98 k	58,696
19 May 23	Stock Alan J	ACNB Corporation Common	Buy	Acquire P	Yes	No	29.8979	100	2.99 k	58,196

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Benzinga's Top Ratings Upgrades, Downgrades For May 31, 2023

31 May 23

Hovde Group Initiates Coverage On ACNB with Outperform Rating, Announces Price Target of $36

31 May 23

Hovde Group analyst David Bishop initiates coverage on ACNB (NASDAQ:ACNB) with a Outperform rating and announces Price Target of $36.

Benzinga's Top Ratings Upgrades, Downgrades For May 19, 2023

19 May 23

Piper Sandler Initiates Coverage On ACNB with Neutral Rating, Announces Price Target of $31

19 May 23

ACNB Q1 EPS $1.06 Up From $0.76 YoY, Sales $28.25M Up From $21.51M YoY

27 Apr 23

Press releases

From Benzinga Pro

ACNB Corporation Announces Second Quarter Cash Dividend

20 Apr 23

GETTYSBURG, Pa., April 20, 2023 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ:ACNB), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced today that the Board of Directors approved and