ACNB Corporation (ACNB, Financial) announced that its financial results were significantly affected by two major items linked to its recent acquisition of Traditions Bancorp. The company reported a provision for credit losses on non-purchase credit deteriorated loans amounting to $4.2 million, after taxes. Additionally, merger-related expenses came to $6.2 million, net of taxes.
As of March 31, the bank's tangible common equity to tangible assets ratio stood at 9.33%, a decrease from the 10.72% recorded at the end of December 2024. Tangible book value per share also saw fluctuations, reported at $28.23 on March 31, compared to $29.51 at the close of 2024 and $26.70 at the same time in 2024.
Despite the challenges posed by current economic uncertainties, including ongoing tariff issues, ACNB Corporation expressed cautious optimism for the remainder of 2025. The bank focuses on overcoming obstacles while seizing growth opportunities, aiming to drive sustained profitability and shareholder value in the long term.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for ACNB Corp (ACNB, Financial) is $47.50 with a high estimate of $50.00 and a low estimate of $44.00. The average target implies an upside of 15.06% from the current price of $41.28. More detailed estimate data can be found on the ACNB Corp (ACNB) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, ACNB Corp's (ACNB, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for ACNB Corp (ACNB, Financial) in one year is $53.61, suggesting a upside of 29.86% from the current price of $41.2828. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the ACNB Corp (ACNB) Summary page.
