FMR LLC & Abigail Johnson Hold 6.398% Stake in ACNB Corp
Ticker: ACNB · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 715579
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**FMR LLC and Abigail Johnson still own 6.398% of ACNB Corp, a solid institutional endorsement.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in ACNB Corp. As of February 9, 2024, they collectively beneficially own 544,408 shares of ACNB Corp's common stock, representing 6.398% of the company. This filing indicates a significant, but not controlling, institutional interest in ACNB Corp, which could be seen as a vote of confidence for current or prospective shareholders.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, maintain a substantial position in ACNB Corp, signaling their continued belief in the company's value. For investors, this can indicate stability and institutional backing, potentially influencing stock perception.
Risk Assessment
Risk Level: low — This filing is an update to an existing stake, not a new position or a significant change, indicating stability rather than new risk.
Analyst Insight
Investors should note the continued institutional interest from FMR LLC, which can provide a baseline of confidence, but should also conduct their own due diligence on ACNB Corp's fundamentals rather than solely relying on this ownership stake.
Key Numbers
- 544,408 — Shares Beneficially Owned (Total common stock shares of ACNB Corp owned by FMR LLC and Abigail P. Johnson.)
- 6.398% — Percent of Class (The percentage of ACNB Corp's common stock class beneficially owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- ACNB CORP (company) — issuer of the common stock
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- 544,408 (dollar_amount) — total shares beneficially owned
- 6.398% (dollar_amount) — percentage of class owned
Forward-Looking Statements
- FMR LLC will maintain its significant stake in ACNB Corp for the foreseeable future. (FMR LLC) — medium confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing for ACNB Corp?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing.
What is the total number of ACNB Corp common stock shares beneficially owned by the reporting persons?
The reporting persons, FMR LLC and Abigail P. Johnson, beneficially own a total of 544,408 shares of ACNB Corp common stock, as indicated in Item 7 on the cover page for both reporting persons and Item 4(a).
What percentage of ACNB Corp's common stock class do FMR LLC and Abigail P. Johnson collectively own?
FMR LLC and Abigail P. Johnson collectively own 6.398% of ACNB Corp's common stock class, as shown in Item 11 on the cover page for both reporting persons and Item 4(b).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the first page of the filing.
What is the CUSIP number for ACNB Corp's common stock mentioned in the filing?
The CUSIP number for ACNB Corp's common stock is #000868109, as stated in Item 2(e) and on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding ACNB CORP (ACNB).