The downgrade reflects concerns about ACNB's limited organic growth potential, with Raymond James stating that the bank's "slower organic growth footprint leaves the potential for material upside to near-term balance sheet growth unlikely." While acknowledging that ACNB's premium valuation relative to peers is warranted given its above-average profitability and conservative credit risk profile, Raymond James indicated that the current premium exceeds longer-term historical averages, resulting in a balanced near-term risk-reward profile. For deeper insights into ACNB's valuation and additional exclusive analysis, visit InvestingPro, which features 6 more key investment tips for this stock. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.