Head-To-Head Survey: ACNB (NASDAQ:ACNB) versus Lakeland Financial (NASDAQ:LKFN)

ACNB (NASDAQ:ACNB) and Lakeland Financial (NASDAQ:LKFN) are both small-cap finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, earnings, valuation, analyst recommendations, dividends, risk and institutional ownership.


This table compares ACNB and Lakeland Financial’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
ACNB 28.03% 13.77% 1.42%
Lakeland Financial 33.35% 16.03% 1.75%

Institutional and Insider Ownership

23.5% of ACNB shares are held by institutional investors. Comparatively, 74.1% of Lakeland Financial shares are held by institutional investors. 3.8% of ACNB shares are held by insiders. Comparatively, 4.6% of Lakeland Financial shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.


ACNB pays an annual dividend of $1.00 per share and has a dividend yield of 2.9%. Lakeland Financial pays an annual dividend of $1.20 per share and has a dividend yield of 2.7%. Lakeland Financial pays out 38.3% of its earnings in the form of a dividend. Lakeland Financial has increased its dividend for 7 consecutive years.

Volatility and Risk

ACNB has a beta of 0.15, indicating that its share price is 85% less volatile than the S&P 500. Comparatively, Lakeland Financial has a beta of 0.94, indicating that its share price is 6% less volatile than the S&P 500.

Analyst Recommendations

This is a breakdown of current ratings and target prices for ACNB and Lakeland Financial, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
ACNB 0 0 0 0 N/A
Lakeland Financial 0 1 0 0 2.00

Earnings and Valuation

This table compares ACNB and Lakeland Financial’s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
ACNB $80.44 million 3.08 $21.75 million N/A N/A
Lakeland Financial $239.08 million 4.74 $80.41 million $3.13 14.12

Lakeland Financial has higher revenue and earnings than ACNB.


Lakeland Financial beats ACNB on 11 of the 13 factors compared between the two stocks.

About ACNB

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 comprising home equity loans and lines of credit, automobile and recreational vehicle loans, manufactured housing loans, and personal lines of credit; and mortgage lending programs consisting of personal residential mortgages, and residential construction and investment mortgage loans. In addition, the company provides estate settlement services; 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, life, and health insurance products to commercial and individual clients; and online, telephone, and mobile banking, as well as automated teller machine services. ACNB Corporation operates through a network of 22 community banking offices located in Adams, Cumberland, Franklin, and York counties, southcentral Pennsylvania; 7 community banking offices located in Carroll county, Maryland; and loan production offices located in York, York County, Pennsylvania, as well as in Hunt Valley, Baltimore County, Maryland. The company was founded in 1857 and is headquartered in Gettysburg, Pennsylvania.

About Lakeland Financial

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, agri-business and agricultural, consumer 1-4 family mortgage, and other consumer loans. The company also offers retail and merchant credit card services; corporate treasury management, wealth advisory, and trust services; retail brokerage services, including various financial and investment products, such as annuities and life insurance; and Internet business banking and online treasury management services. It serves commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care industries. As of January 25, 2019, the company operated 50 offices in Northern and Central Indiana. Lakeland Financial Corporation was founded in 1872 and is headquartered in Warsaw, Indiana.

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