Dimensional Fund Advisors LP Raises Holdings in Access National Corporation (ANCX)

Dimensional Fund Advisors LP raised its position in Access National Corporation (NASDAQ:ANCX) by 16.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 324,215 shares of the financial services provider’s stock after buying an additional 46,935 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.59% of Access National Corporation worth $8,599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. American International Group Inc. increased its holdings in shares of Access National Corporation by 6.8% in the first quarter. American International Group Inc. now owns 5,014 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 321 shares during the period. Nationwide Fund Advisors increased its holdings in shares of Access National Corporation by 53.9% in the second quarter. Nationwide Fund Advisors now owns 8,288 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 2,904 shares during the period. Private Advisor Group LLC increased its holdings in shares of Access National Corporation by 25.2% in the second quarter. Private Advisor Group LLC now owns 17,411 shares of the financial services provider’s stock valued at $472,000 after purchasing an additional 3,508 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Access National Corporation by 33.3% in the second quarter. New York State Common Retirement Fund now owns 15,197 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 3,796 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Access National Corporation by 39.0% in the first quarter. Goldman Sachs Group Inc. now owns 16,475 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 4,621 shares during the period. Institutional investors own 36.75% of the company’s stock.

Access National Corporation (ANCX) opened at $28.44 on Friday. Access National Corporation has a twelve month low of $24.36 and a twelve month high of $33.18. The firm has a market capitalization of $581.68, a price-to-earnings ratio of 20.91 and a beta of 0.98. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.14.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, November 9th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Wednesday, November 8th. Access National Corporation’s dividend payout ratio is presently 63.83%.

ANCX has been the topic of a number of recent research reports. Zacks Investment Research raised Access National Corporation from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Friday, October 27th. Raymond James Financial, Inc. raised Access National Corporation from a “market perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Thursday, October 26th. UBS AG raised Access National Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $30.00 target price on shares of Access National Corporation in a report on Sunday, November 5th. Finally, Stephens initiated coverage on Access National Corporation in a report on Thursday. They issued an “overweight” rating and a $31.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.43.

WARNING: “Dimensional Fund Advisors LP Raises Holdings in Access National Corporation (ANCX)” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.dispatchtribunal.com/2017/11/19/dimensional-fund-advisors-lp-raises-holdings-in-access-national-corporation-ancx.html.

In other Access National Corporation news, Director J Randolph Babbitt acquired 4,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were purchased at an average price of $25.53 per share, with a total value of $104,673.00. Following the completion of the acquisition, the director now directly owns 9,126 shares of the company’s stock, valued at approximately $232,986.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 4,955 shares of company stock worth $126,168 in the last ninety days. 14.23% of the stock is currently owned by corporate insiders.

Access National Corporation Profile

Access National Corporation is a bank holding company. The Company operates through its subsidiary, Access National Bank (the Bank). The Bank offers a range of financial services and products, and specializes in providing customized financial services to small and medium sized businesses, professionals and associated individuals.

Institutional Ownership by Quarter for Access National Corporation (NASDAQ:ANCX)

Receive News & Ratings for Access National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Access National Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply