Stephens initiated coverage on shares of Access National Co. (NASDAQ:ANCX) in a report issued on Thursday, MarketBeat Ratings reports. The firm issued an overweight rating and a $31.00 target price on the financial services provider’s stock.

Several other research analysts have also issued reports on ANCX. BidaskClub upgraded shares of Access National from a strong sell rating to a sell rating in a research report on Saturday, August 26th. Keefe, Bruyette & Woods reiterated a hold rating and set a $29.00 price objective on shares of Access National in a research report on Tuesday, October 3rd. UBS AG upgraded shares of Access National from a market perform rating to an outperform rating in a research report on Thursday, October 26th. Raymond James Financial, Inc. upgraded shares of Access National from a market perform rating to an outperform rating and set a $31.00 price objective on the stock in a research report on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of Access National from a hold rating to a buy rating and set a $34.00 price objective on the stock in a research report on Friday, October 27th. 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 company’s stock. Access National presently has an average rating of Hold and a consensus target price of $31.43.

Access National (ANCX) traded down $0.09 during trading on Thursday, reaching $28.44. 23,922 shares of the company’s stock traded hands, compared to its average volume of 24,967. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.89 and a current ratio of 0.90. The firm has a market capitalization of $581.68, a price-to-earnings ratio of 20.91 and a beta of 0.98. Access National has a 12-month low of $24.36 and a 12-month high of $33.18.

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The business also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, November 9th 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 2.11%. The ex-dividend date of this dividend is Wednesday, November 8th. Access National’s dividend payout ratio (DPR) is currently 63.83%.

In related news, Director J Randolph Babbitt bought 4,100 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was bought at an average price of $25.53 per share, with a total value of $104,673.00. Following the purchase, the director now directly owns 9,126 shares of the company’s stock, valued at approximately $232,986.78. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have acquired a total of 4,955 shares of company stock valued at $126,168 in the last three months. Company insiders own 14.23% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its stake in shares of Access National by 6.4% in the 3rd quarter. Janus Henderson Group PLC now owns 926,679 shares of the financial services provider’s stock valued at $26,559,000 after purchasing an additional 55,409 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Access National by 127.0% in the 2nd quarter. Franklin Resources Inc. now owns 832,389 shares of the financial services provider’s stock valued at $22,075,000 after purchasing an additional 465,689 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Access National by 2.8% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 677,405 shares of the financial services provider’s stock valued at $19,414,000 after purchasing an additional 18,387 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Access National by 134.8% in the 2nd quarter. Vanguard Group Inc. now owns 602,356 shares of the financial services provider’s stock valued at $15,974,000 after purchasing an additional 345,782 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Access National by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 402,215 shares of the financial services provider’s stock valued at $10,666,000 after purchasing an additional 28,042 shares during the last quarter. 36.75% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Access National (NASDAQ:ANCX)

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