Access National Corporation (NASDAQ:ANCX) has earned an average recommendation of “Hold” from the nine brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $31.43.
ANCX has been the topic of several analyst reports. Maxim Group reiterated a “buy” rating and set a $33.00 price target (up previously from $32.00) on shares of Access National in a research note on Monday, October 30th. UBS AG upgraded shares of Access National from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 26th. BidaskClub upgraded shares of Access National from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Zacks Investment Research upgraded shares of Access National from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Friday, October 27th. Finally, Raymond James Financial, Inc. upgraded shares of Access National from a “market perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Thursday, October 26th.
Shares of Access National (NASDAQ ANCX) traded down $0.28 during trading on Monday, hitting $28.49. 11,644 shares of the stock traded hands, compared to its average volume of 25,346. The stock has a market cap of $582.70, a PE ratio of 21.15 and a beta of 0.95. Access National has a 1-year low of $24.36 and a 1-year high of $33.18. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.14.
The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Thursday, November 9th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Wednesday, November 8th. Access National’s dividend payout ratio (DPR) is 57.14%.
In other news, Director J Randolph Babbitt bought 4,100 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $25.53 per share, for a total transaction of $104,673.00. Following the purchase, the director now owns 9,126 shares in the company, valued at $232,986.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 14.23% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. increased its holdings in Access National by 6.8% in the 1st quarter. American International Group Inc. now owns 5,014 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 321 shares during the last quarter. Vanguard Group Inc. increased its holdings in Access National by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 256,574 shares of the financial services provider’s stock valued at $7,702,000 after acquiring an additional 38,803 shares during the last quarter. Geode Capital Management LLC increased its holdings in Access National by 85.5% in the 1st quarter. Geode Capital Management LLC now owns 105,968 shares of the financial services provider’s stock valued at $3,181,000 after acquiring an additional 48,833 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Access National by 39.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 16,475 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 4,621 shares during the last quarter. Finally, RE Advisers Corp bought a new stake in Access National in the 2nd quarter valued at $2,449,000. Institutional investors own 36.99% of the company’s stock.
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About Access National
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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