Zacks Investment Research downgraded shares of Access National Corp. (NASDAQ:ANCX) from a buy rating to a hold rating in a report published on Monday.

According to Zacks, “Access National Corporation serves as the holding company for Access National Bank and its subsidiaries, Access National Mortgage Corporation and Access National Leasing Corporation. “

Analyst Recommendations for Access National Corp. (NASDAQ:ANCX)

Other research analysts have also recently issued research reports about the company. FBR & Co reissued a hold rating on shares of Access National Corp. in a research note on Monday, July 18th. Maxim Group assumed coverage on Access National Corp. in a research note on Thursday, August 25th. They issued a buy rating and a $21.50 price target for the company. Raymond James Financial Inc. raised Access National Corp. from a market perform rating to an outperform rating and set a $20.00 price target for the company in a research note on Thursday, August 25th. Finally, Citigroup Inc. cut Access National Corp. to a market perform rating in a research note on Monday, July 18th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of Buy and an average target price of $21.10.

Access National Corp. (NASDAQ:ANCX) opened at 23.70 on Monday. Access National Corp. has a 52 week low of $16.26 and a 52 week high of $23.83. The stock has a market capitalization of $250.91 million, a price-to-earnings ratio of 14.91 and a beta of 0.84. The firm has a 50-day moving average of $22.20 and a 200 day moving average of $20.49.

Access National Corp. (NASDAQ:ANCX) last issued its quarterly earnings data on Friday, July 15th. The financial services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.10. Access National Corp. had a return on equity of 14.99% and a net margin of 22.27%. On average, analysts anticipate that Access National Corp. will post $1.57 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Monday, August 1st were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, July 28th. This represents a $0.60 annualized dividend and a yield of 2.53%. Access National Corp.’s dividend payout ratio is currently 37.74%.

In related news, Director Mark D. Moore bought 1,313 shares of Access National Corp. stock in a transaction dated Wednesday, August 3rd. The stock was acquired at an average cost of $21.50 per share, with a total value of $28,229.50. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $107,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark D. Moore bought 3,287 shares of Access National Corp. stock in a transaction dated Monday, July 25th. The shares were bought at an average cost of $21.67 per share, with a total value of $71,229.29. Following the completion of the acquisition, the director now owns 3,687 shares of the company’s stock, valued at $79,897.29. The disclosure for this purchase can be found here. Corporate insiders own 24.31% of the company’s stock.

Several large investors have recently made changes to their positions in ANCX. BlackRock Fund Advisors increased its stake in shares of Access National Corp. by 10.8% in the second quarter. BlackRock Fund Advisors now owns 212,288 shares of the financial services provider’s stock valued at $4,142,000 after buying an additional 20,720 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Access National Corp. by 11.3% in the second quarter. Vanguard Group Inc. now owns 181,762 shares of the financial services provider’s stock valued at $3,546,000 after buying an additional 18,463 shares in the last quarter. First Manhattan Co. increased its stake in shares of Access National Corp. by 2.0% in the first quarter. First Manhattan Co. now owns 125,267 shares of the financial services provider’s stock valued at $2,484,000 after buying an additional 2,500 shares in the last quarter. Motley Fool Asset Management LLC increased its stake in shares of Access National Corp. by 38.2% in the first quarter. Motley Fool Asset Management LLC now owns 90,529 shares of the financial services provider’s stock valued at $1,795,000 after buying an additional 25,000 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Access National Corp. by 7.8% in the second quarter. State Street Corp now owns 77,546 shares of the financial services provider’s stock valued at $1,515,000 after buying an additional 5,609 shares in the last quarter. 24.25% of the stock is owned by institutional investors and hedge funds.

About Access National Corp.

Access National Corporation is a bank holding company. The Company operates through its subsidiary, Access National Bank (the Bank). The Bank provides credit, deposit, mortgage services and wealth management services to middle market commercial businesses and associated professionals, primarily in the Washington, District of Columbia Metropolitan Area.

5 Day Chart for NASDAQ:ANCX

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