State Street Corp boosted its holdings in shares of Access National Corporation (NASDAQ:ANCX) by 104.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 239,989 shares of the financial services provider’s stock after purchasing an additional 122,875 shares during the quarter. State Street Corp owned about 1.18% of Access National worth $6,366,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. American International Group Inc. boosted its stake in Access National by 6.8% during the 1st quarter. American International Group Inc. now owns 5,014 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 321 shares during the period. Royal Bank of Canada boosted its stake in Access National by 53.1% during the 2nd quarter. Royal Bank of Canada now owns 5,413 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,877 shares during the period. Nationwide Fund Advisors boosted its stake in Access National by 53.9% during the 2nd quarter. Nationwide Fund Advisors now owns 8,288 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 2,904 shares during the period. Private Advisor Group LLC boosted its stake in Access National by 25.2% during the 2nd quarter. Private Advisor Group LLC now owns 17,411 shares of the financial services provider’s stock valued at $472,000 after purchasing an additional 3,508 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in Access National by 33.3% during the 2nd quarter. New York State Common Retirement Fund now owns 15,197 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 3,796 shares during the period. Hedge funds and other institutional investors own 37.39% of the company’s stock.

Shares of Access National Corporation (ANCX) opened at $29.53 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. Access National Corporation has a 52-week low of $24.36 and a 52-week high of $33.18. The company has a market capitalization of $603.98, a P/E ratio of 21.71 and a beta of 0.98.

The company also recently disclosed 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 was Wednesday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.03%. Access National’s dividend payout ratio is currently 63.83%.

In other news, insider Mark D. Moore acquired 3,972 shares of Access National 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders acquired a total of 4,744 shares of company stock valued at $132,073 in the last quarter. Corporate insiders own 14.23% of the company’s stock.

Several brokerages recently weighed in on ANCX. Maxim Group restated a “buy” rating and set a $33.00 target price (up previously from $32.00) on shares of Access National in a research note on Monday, October 30th. Zacks Investment Research upgraded Access National from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Friday, October 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $29.00 price objective on shares of Access National in a research report on Tuesday, October 3rd. Raymond James Financial upgraded Access National from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Thursday, October 26th. Finally, UBS upgraded Access National from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Access National presently has a consensus rating of “Hold” and a consensus target price of $31.43.

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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.

Institutional Ownership by Quarter for Access National (NASDAQ:ANCX)

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