ACNB Co. (NASDAQ:ACNB)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $34.88 and traded as low as $35.46. ACNB shares last traded at $35.46, with a volume of 495 shares trading hands.
Several research firms recently weighed in on ACNB. ValuEngine lowered ACNB from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. BidaskClub raised ACNB from a “sell” rating to a “hold” rating in a research note on Saturday, September 14th.
The firm has a 50 day moving average of $34.78 and a two-hundred day moving average of $36.69. The firm has a market capitalization of $254.73 million, a price-to-earnings ratio of 10.72 and a beta of 0.18. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.
In related news, Director Donna M. Newell acquired 716 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of $36.10 per share, with a total value of $25,847.60. Following the completion of the purchase, the director now directly owns 5,901 shares in the company, valued at $213,026.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 807 shares of company stock worth $29,076 over the last three months. Insiders own 3.80% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in ACNB by 58.7% in the fourth quarter. Bank of America Corp DE now owns 5,663 shares of the bank’s stock worth $222,000 after purchasing an additional 2,095 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in ACNB by 547.7% in the first quarter. BNP Paribas Arbitrage SA now owns 1,425 shares of the bank’s stock worth $53,000 after purchasing an additional 1,205 shares in the last quarter. SG Americas Securities LLC bought a new stake in ACNB in the first quarter worth approximately $123,000. Martingale Asset Management L P increased its holdings in ACNB by 42.5% in the first quarter. Martingale Asset Management L P now owns 33,206 shares of the bank’s stock worth $1,229,000 after purchasing an additional 9,899 shares in the last quarter. Finally, FMR LLC increased its holdings in ACNB by 6.7% in the first quarter. FMR LLC now owns 128,911 shares of the bank’s stock worth $4,769,000 after purchasing an additional 8,053 shares in the last quarter. 24.68% of the stock is currently owned by institutional investors.
ACNB Company Profile (NASDAQ: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.
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