Access National Co. (NASDAQ:ANCX) has been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $31.00.
A number of equities research analysts recently issued reports on the company. BidaskClub lowered Access National from a “hold” rating to a “sell” rating in a research note on Monday. Zacks Investment Research lowered Access National from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd.
Shares of ANCX stock traded up $0.13 on Monday, reaching $27.75. 906 shares of the company’s stock were exchanged, compared to its average volume of 46,095. Access National has a 52 week low of $27.36 and a 52 week high of $27.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.90. The firm has a market capitalization of $567.43 million, a P/E ratio of 17.16 and a beta of 0.88.
Access National (NASDAQ:ANCX) last issued its quarterly earnings results on Thursday, April 26th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.06). Access National had a return on equity of 7.79% and a net margin of 15.48%. The business had revenue of $30.64 million for the quarter, compared to the consensus estimate of $32.01 million. sell-side analysts forecast that Access National will post 1.9 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Thursday, May 10th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Wednesday, May 9th. Access National’s dividend payout ratio is currently 37.27%.
Several hedge funds have recently modified their holdings of the stock. United Capital Financial Advisers LLC purchased a new position in Access National during the 1st quarter worth $292,000. The Manufacturers Life Insurance Company increased its holdings in Access National by 52.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 664,488 shares of the financial services provider’s stock worth $18,958,000 after purchasing an additional 228,084 shares during the period. UBS Group AG increased its holdings in Access National by 209.8% during the 1st quarter. UBS Group AG now owns 26,929 shares of the financial services provider’s stock worth $768,000 after purchasing an additional 18,237 shares during the period. Dimensional Fund Advisors LP increased its holdings in Access National by 13.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 441,519 shares of the financial services provider’s stock worth $12,597,000 after purchasing an additional 53,165 shares during the period. Finally, Teton Advisors Inc. purchased a new position in Access National during the 1st quarter worth $785,000. 37.89% of the stock is owned by hedge funds and other institutional investors.
About Access National
Access National Corporation operates as the bank holding company for Access National Bank that provides credit, deposit, mortgage, and wealth management services to small and medium sized businesses, professionals, and associated individuals primarily in the greater Washington, DC Metropolitan Area. The company operates through three segments: Commercial Banking, Mortgage Banking, and Wealth Management.
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