The stock of ACNB Corporation (NASDAQ:ACNB) reached all time high today, Nov, 10 and still has $76.27 target or 163.00% above today’s $29.00 share price. This indicates more upside for the $178.32 million company. This technical setup was reported by Barchart.com. If the $76.27 PT is reached, the company will be worth $290.66 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 3.57% or $1 during the last trading session, hitting $29. About 12,500 shares traded hands or 147.82% up from the average. ACNB Corporation (NASDAQ:ACNB) has risen 23.35% since April 8, 2016 and is uptrending. It has outperformed by 17.70% the S&P500.
According to Zacks Investment Research, “ACNB Corporation operates as a provider of banking and financial services to individuals and businesses. The Company’s personal banking services include deposits, online banking, bill payment, telephone banking, debit cards, reorder checks and other services. Business banking services provided by the bank include deposits, cash management, internet banking, business check cards, fast remote electronic deposits and merchant services. Loans offered by ACNB include consumer loans, student loans, auto loans, home equity loans, mortgage loans and other business loans. ACNB Corporation is headquartered in Gettysburg, Pennsylvania.”
Insitutional Activity: The institutional sentiment increased to 5.33 in 2016 Q2. Its up 3.33, from 2 in 2016Q1. The ratio improved, as 3 funds sold all ACNB Corporation shares owned while 3 reduced positions. 23 funds bought stakes while 9 increased positions. They now own 1.70 million shares or 187.07% more from 591,070 shares in 2016Q1.
Manufacturers Life The has 6,500 shares for 0% of their US portfolio. California State Teachers Retirement last reported 0% of its portfolio in the stock. Blackrock holds 0% or 203 shares in its portfolio. Brandes Investment Prtnrs L P, a California-based fund reported 19,075 shares. Blackrock Fund Advisors reported 161,499 shares or 0% of all its holdings. Vanguard Grp last reported 0% of its portfolio in the stock. Lsv Asset Management last reported 4,000 shares in the company. M&T Bank last reported 0% of its portfolio in the stock. Acadian Asset Mngmt Ltd Liability last reported 296 shares in the company. Tiaa Cref Invest Mngmt Llc holds 18,934 shares or 0% of its portfolio. Pnc Service Gp Inc accumulated 0% or 10,200 shares. Northern accumulated 0% or 50,960 shares. Cetera Advisor Llc, a California-based fund reported 19,009 shares. Geode Capital Management Llc, a Massachusetts-based fund reported 26,940 shares. Bank Of America De last reported 0% of its portfolio in the stock.
Insider Transactions: Since June 15, 2016, the stock had 17 insider buys, and 0 sales for $130,092 net activity. Another trade for 78 shares valued at $2,113 was bought by Alloway Richard Lee II. $2,113 worth of ACNB Corporation (NASDAQ:ACNB) shares were bought by Sites David L. 875 shares were bought by Cathell David W, worth $20,996 on Wednesday, June 15. 1,625 shares were bought by RITTER THOMAS A, worth $38,992. The insider Williams James Eugene bought $2,113. ELSNER FRANK III bought 87 shares worth $2,356. Miller Robert Wayne bought 78 shares worth $2,113.
Another recent and important ACNB Corporation (NASDAQ:ACNB) news was published by Businesswire.com which published an article titled: “ACNB Bank Names James P. Helt as President Effective September 1, 2015” on June 22, 2015.
ACNB Company Profile
ACNB Corporation, incorporated on November 9, 1982, is a financial holding company. The Company’s banking activities are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range of property and casualty, life and health insurance to both commercial and individual clients through its subsidiary, Russell Insurance Group, Inc. (RIG). The Firm has two divisions: the Bank and RIG. RIG is managed separately from the banking segment, which includes the Bank and related financial services that the Company offers through its banking subsidiary. Through its banking and nonbanking subsidiaries, the Company provides a range of banking and financial services to individuals and businesses, including commercial and retail banking, trust and investment management, and insurance.
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