Shares of Access National Corporation (NASDAQ:ANCX) have been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $31.43.
Several equities research analysts recently commented on the stock. BidaskClub downgraded shares of Access National from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Stephens assumed coverage on shares of Access National in a research report on Thursday, November 16th. They issued an “overweight” rating and a $31.00 price target for the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 price target on shares of Access National in a research report on Sunday, November 5th. Maxim Group restated a “buy” rating and issued a $33.00 price target (up previously from $32.00) on shares of Access National in a research report on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of Access National from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Friday, October 27th.
In related news, insider Mark D. Moore bought 3,972 shares of the business’s stock in a transaction on Friday, November 24th. The stock was bought at an average price of $27.84 per share, for a total transaction of $110,580.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 4,744 shares of company stock valued at $132,073. Insiders own 14.23% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position 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 worth $7,702,000 after buying an additional 38,803 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Access National by 160.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,980 shares of the financial services provider’s stock worth $291,000 after buying an additional 6,772 shares in the last quarter. Context BH Capital Management LP purchased a new stake in Access National in the 2nd quarter worth approximately $1,055,000. Suntrust Banks Inc. purchased a new stake in Access National in the 2nd quarter worth approximately $903,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Access National during the 2nd quarter worth $494,000. Institutional investors own 37.49% of the company’s stock.
Shares of Access National (ANCX) traded down $0.40 during trading hours on Friday, hitting $28.27. 21,200 shares of the company traded hands, compared to its average volume of 37,761. 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 stock has a market cap of $586.38, a P/E ratio of 21.08 and a beta of 0.98. Access National has a fifty-two week low of $24.36 and a fifty-two week high of $33.18.
The business also recently announced a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Thursday, November 9th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 2.12%. Access National’s payout ratio is 63.83%.
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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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