ACNB is a financial holding company. Co. provides banking, insurance, and financial services to businesses and consumers through its wholly-owned subsidiaries, ACNB Bank (Bank) and Russell Insurance Group, Inc. (RIG). The Bank is a commercial bank. Commercial lending includes commercial mortgages, real estate development and construction loans, accounts receivable and inventory financing, and agricultural and governmental loans. The Bank also provides retail brokerage services through a third-party provider. RIG is an insurance agency that provides a range of property, casualty, health, life and disability insurance to both commercial and personal clients with licenses in various states. We show 47 historical shares outstanding datapoints in our ACNB shares outstanding history coverage, used to compute ACNB market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ACNB market cap history over the course of time is important for investors
interested in comparing ACNB's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ACNB versus a peer is one thing; comparing
ACNB market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ACNB can fluctuate over the course of history.
With this page we aim to empower investors researching ACNB by allowing them to research the ACNB market cap history. |
Video: The Importance of Market Cap
