Why ACNB Corp’s (ACNB) Stock Is Up 5.65%

By Cynthia McLaughlin
June 28, 2024
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate ACNB Corp before investing.

In this article, we go over a few key elements for understanding ACNB Corp’s stock price such as:

  • ACNB Corp’s current stock price and volume
  • Why ACNB Corp’s stock price changed recently
  • Upgrades and downgrades for ACNB from analysts
  • ACNB’s stock price momentum as measured by its relative strength

About ACNB Corp (ACNB)

Before we jump into ACNB Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

ACNB Corporation is a financial holding company. The Company's banking operations are conducted through its subsidiary, ACNB Bank (the Bank). The Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 26 community banking offices and three loan offices located in the Pennsylvania counties of Adams, Cumberland, Franklin, Lancaster and York and the Maryland counties of Baltimore, Carroll and Frederick. The Company’s non-banking subsidiary, ACNB Insurance Services, Inc. is a full-service insurance agency with licenses in 44 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster and Jarrettsville, Maryland, and Gettysburg, Pennsylvania. The Bank through, ACNB Wealth Management, provides a range of financial services, including trust services for individuals, businesses and retirement funds.

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ACNB Corp’s Stock Price as of Market Close

As of June 28, 2024, 4:00 PM, CST, ACNB Corp’s stock price was $36.27.

ACNB Corp is up 5.65% from its previous closing price of $34.33.

During the last market session, ACNB Corp’s stock traded between $33.18 and $34.33. Currently, there are 8.46 million shares of ACNB Corp stock available for purchase.

ACNB Corp’s price-earnings (P/E) ratio is currently at 9.9, which is low compared to the Banks industry median of 10.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

ACNB Corp Stock Price History

ACNB Corp’s (ACNB) price is currently up 14.89% so far this month.

During the month of June, ACNB Corp’s stock price has reached a high of $36.40 and a low of $30.24.

Over the last year, ACNB Corp has hit prices as high as $48.55 and as low as $30.24. Year to date, ACNB Corp’s stock is down 8.89%.

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What Caused ACNB Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 27, 2024, there was 1 analyst who downgraded ACNB Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate ACNB Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on ACNB Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

ACNB Corp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about ACNB Corp (ACNB) by visiting AAII Stock Evaluator.

Relative Price Strength of ACNB Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 27, 2024, ACNB Corp has a weighted four-quarter relative price strength of -4.24%, which translates to a Momentum Score of 56 and is considered to be Average.

Want to learn more about how ACNB Corp is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

ACNB Corp Stock Price: Bottom Line

As of June 28, 2024, ACNB Corp’s stock price is $36.27, which is up 5.65% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like ACNB Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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