Price Action To Observe: ACNB Corporation Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

Price Action To Observe: ACNB Corporation Can't Burn Your Long Portfolio. Just Reaches 52 Week High

The stock of ACNB Corporation (NASDAQ:ACNB) hit a new 52-week high and has $72.52 target or 159.00% above today’s $28.00 share price. The 6 months bullish chart indicates low risk for the $171.26M company. The 1-year high was reported on Nov, 9 by If the $72.52 price target is reached, the company will be worth $272.30 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.45% or $0.4 during the last trading session, hitting $28. About 18,436 shares traded hands or 305.72% up from the average. ACNB Corporation (NASDAQ:ACNB) has risen 21.43% since April 7, 2016 and is uptrending. It has outperformed by 16.64% 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 is positive, 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.
Royal Commercial Bank Of Canada has 0% invested in the company for 2,594 shares. Blackrock Institutional Trust Company Na last reported 41,148 shares in the company. Moreover, Deutsche Savings Bank Ag has 0% invested in ACNB Corporation (NASDAQ:ACNB) for 11,819 shares. Commercial Bank Of America Corporation De holds 0% or 112 shares in its portfolio. Morgan Stanley has 1,102 shares for 0% of their US portfolio. Acadian Asset Mngmt Llc has 0% invested in the company for 296 shares. Blackrock Advsr Ltd Liability Co has invested 0% of its portfolio in ACNB Corporation (NASDAQ:ACNB). Brown Advisory Securities Limited Liability Corp reported 15,659 shares or 0.12% of all its holdings. Teachers Advisors has 9,674 shares for 0% of their US portfolio. Concannon Wealth Mngmt Limited Liability Corp last reported 0.01% of its portfolio in the stock. Blackrock Fund Advsr holds 0% of its portfolio in ACNB Corporation (NASDAQ:ACNB) for 161,499 shares. Geode Cap Management Ltd has 0% invested in the company for 26,940 shares. Orrstown Fincl Svcs has 0.03% invested in the company for 1,019 shares. Wheatland Advsrs last reported 9,308 shares in the company. California State Teachers Retirement Sys holds 0% or 12,495 shares in its portfolio.

Insider Transactions: Since June 15, 2016, the stock had 17 insider buys, and 0 sales for $130,092 net activity. On Thursday, September 15 Sites David L bought $2,113 worth of the stock or 78 shares. Another trade for 875 shares valued at $20,996 was bought by GLASS LYNDA L. On Thursday, September 15 the insider Newell Donna M bought $2,113. Miller Robert Wayne had bought 78 shares worth $2,113 on Thursday, September 15. 78 ACNB Corporation (NASDAQ:ACNB) shares with value of $2,113 were bought by Lott James J. Shares for $2,113 were bought by Patterson J Emmett. Another trade for 875 shares valued at $20,996 was bought by Cathell David W.

Another recent and important ACNB Corporation (NASDAQ:ACNB) news was published by 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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