Dimensional Fund Advisors LP grew its position in shares of Access National Corporation (NASDAQ:ANCX) by 16.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 324,215 shares of the financial services provider’s stock after acquiring an additional 46,935 shares during the quarter. Dimensional Fund Advisors LP owned about 1.59% of Access National worth $8,599,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ANCX. Sandy Spring Bank bought a new stake in Access National in the second quarter worth $141,000. American International Group Inc. lifted its position in shares of Access National by 6.8% during the first quarter. American International Group Inc. now owns 5,014 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 321 shares during the last quarter. Nationwide Fund Advisors lifted its position in shares of Access National by 53.9% during the second quarter. Nationwide Fund Advisors now owns 8,288 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 2,904 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Access National during the second quarter worth $229,000. Finally, Citadel Advisors LLC purchased a new position in shares of Access National during the second quarter valued at $236,000. Hedge funds and other institutional investors own 37.49% of the company’s stock.
Access National Corporation (NASDAQ ANCX) traded up $0.03 during trading on Monday, hitting $29.56. The stock had a trading volume of 31,275 shares, compared to its average volume of 38,084. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.89. Access National Corporation has a 1-year low of $24.36 and a 1-year high of $33.18. The stock has a market capitalization of $603.97, a PE ratio of 21.71 and a beta of 0.98.
The company also recently declared a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Thursday, November 9th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Wednesday, November 8th. Access National’s payout ratio is 63.83%.
In other news, insider Mark D. Moore purchased 3,972 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was purchased at an average cost of $27.84 per share, for a total transaction of $110,580.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 4,744 shares of company stock valued at $132,073 over the last quarter. 14.23% of the stock is owned by company insiders.
Several equities analysts have recently commented on ANCX shares. BidaskClub upgraded Access National from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $29.00 price target on shares of Access National in a report on Tuesday, October 3rd. UBS raised Access National from a “market perform” rating to an “outperform” rating in a report on Thursday, October 26th. Raymond James Financial raised Access National from a “market perform” rating to an “outperform” rating and set a $31.00 target price for the company in a report on Thursday, October 26th. Finally, Zacks Investment Research raised Access National from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.43.
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Access National 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.
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