Access National Corporation (NASDAQ:ANCX) Receives Consensus Recommendation of “Hold” from Analysts
Access National Corporation (NASDAQ:ANCX) has earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $28.67.
A number of equities analysts have recently issued reports on ANCX shares. Sandler O’Neill started coverage on Access National Corporation in a research report on Monday, April 17th. They set a “hold” rating and a $30.00 price target on the stock. Zacks Investment Research downgraded Access National Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th.
In related news, Director Mark D. Moore acquired 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average cost of $28.05 per share, for a total transaction of $42,075.00. Following the purchase, the director now directly owns 11,964 shares of the company’s stock, valued at approximately $335,590.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased a total of 2,287 shares of company stock valued at $63,584 over the last 90 days. 24.31% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Sandy Spring Bank bought a new stake in shares of Access National Corporation during the second quarter worth $141,000. American International Group Inc. boosted its stake in shares of Access National Corporation by 6.8% in the first quarter. American International Group Inc. now owns 5,014 shares of the financial services provider’s stock worth $151,000 after buying an additional 321 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Access National Corporation by 17.6% in the first quarter. Nationwide Fund Advisors now owns 5,384 shares of the financial services provider’s stock worth $162,000 after buying an additional 807 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Access National Corporation by 847.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,445 shares of the financial services provider’s stock worth $179,000 after buying an additional 5,765 shares during the period. Finally, American Research & Management Co. boosted its stake in shares of Access National Corporation by 13.6% in the first quarter. American Research & Management Co. now owns 7,499 shares of the financial services provider’s stock worth $225,000 after buying an additional 900 shares during the period. Hedge funds and other institutional investors own 23.60% of the company’s stock.
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Shares of Access National Corporation (ANCX) traded up 2.27% during trading on Friday, reaching $25.73. The company’s stock had a trading volume of 11,459 shares. The company has a 50-day moving average price of $26.51 and a 200-day moving average price of $27.55. Access National Corporation has a one year low of $21.02 and a one year high of $33.18. The stock has a market cap of $524.33 million, a price-to-earnings ratio of 24.37 and a beta of 0.95.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 14th 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 2.36%. The ex-dividend date of this dividend is Thursday, August 10th. Access National Corporation’s dividend payout ratio (DPR) is currently 59.41%.
Access National Corporation Company Profile
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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