Bronfman E.L. Rothschild L.P. grew its holdings in Access National Corporation (NASDAQ:ANCX) by 2.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 677,405 shares of the financial services provider’s stock after buying an additional 18,387 shares during the quarter. Access National accounts for 2.1% of Bronfman E.L. Rothschild L.P.’s investment portfolio, making the stock its 9th largest position. Bronfman E.L. Rothschild L.P. owned about 3.31% of Access National worth $19,414,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of ANCX. John W. Rosenthal Capital Management Inc. increased its position in shares of Access National by 15.4% during the third quarter. John W. Rosenthal Capital Management Inc. now owns 55,000 shares of the financial services provider’s stock worth $1,576,000 after purchasing an additional 7,352 shares in the last quarter. First Trust Advisors LP increased its position in shares of Access National by 18.1% during the third quarter. First Trust Advisors LP now owns 37,570 shares of the financial services provider’s stock worth $1,077,000 after purchasing an additional 5,749 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Access National during the second quarter worth approximately $494,000. California State Teachers Retirement System increased its position in shares of Access National by 60.1% during the second quarter. California State Teachers Retirement System now owns 26,287 shares of the financial services provider’s stock worth $697,000 after purchasing an additional 9,869 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Access National by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 402,215 shares of the financial services provider’s stock worth $10,666,000 after purchasing an additional 28,042 shares in the last quarter. Institutional investors and hedge funds own 37.49% of the company’s stock.
In other Access National news, insider Mark D. Moore purchased 3,972 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were acquired at an average price of $27.84 per share, with a total value of $110,580.48. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders bought 4,744 shares of company stock worth $132,073. Corporate insiders own 14.23% of the company’s stock.
Several analysts recently commented on the company. BidaskClub upgraded Access National from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Maxim Group restated a “buy” rating and issued a $33.00 target price (up from $32.00) on shares of Access National in a report on Monday, October 30th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $29.00 target price on shares of Access National in a report on Tuesday, October 3rd. UBS upgraded Access National from a “market perform” rating to an “outperform” rating in a report on Thursday, October 26th. Finally, Raymond James Financial upgraded 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. 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 stock. The company currently has an average rating of “Hold” and a consensus target price of $31.43.
Access National Corporation (NASDAQ ANCX) opened at $28.76 on Friday. Access National Corporation has a 12 month low of $24.36 and a 12 month high of $33.18. The company has a market capitalization of $598.65, a price-to-earnings ratio of 21.52 and a beta of 0.98. 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 firm also recently declared a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Thursday, November 9th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Wednesday, November 8th. Access National’s dividend payout ratio (DPR) is presently 63.83%.
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Access National Company 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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