Bank of New York Mellon Corp lowered its stake in Access National Co. (NASDAQ:ANCX) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,539 shares of the financial services provider’s stock after selling 2,892 shares during the period. Bank of New York Mellon Corp’s holdings in Access National were worth $2,230,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Teton Advisors Inc. increased its holdings in shares of Access National by 2.0% in the fourth quarter. Teton Advisors Inc. now owns 29,911 shares of the financial services provider’s stock valued at $638,000 after purchasing an additional 600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Access National in the fourth quarter valued at approximately $31,000. IndexIQ Advisors LLC increased its holdings in shares of Access National by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 79,679 shares of the financial services provider’s stock valued at $2,160,000 after purchasing an additional 3,010 shares during the period. MetLife Investment Advisors LLC increased its holdings in shares of Access National by 56.4% in the third quarter. MetLife Investment Advisors LLC now owns 11,094 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 4,001 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of Access National by 20.0% in the third quarter. Alliancebernstein L.P. now owns 24,757 shares of the financial services provider’s stock valued at $671,000 after purchasing an additional 4,120 shares during the period. 44.15% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on ANCX shares. Maxim Group reissued a “hold” rating on shares of Access National in a report on Monday, January 28th. ValuEngine raised Access National from a “sell” rating to a “hold” rating in a report on Monday, January 7th. BidaskClub raised Access National from a “strong sell” rating to a “sell” rating in a report on Saturday, January 5th. Finally, Zacks Investment Research raised Access National from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $31.00.

Shares of ANCX stock opened at $23.61 on Monday. Access National Co. has a 1-year low of $20.34 and a 1-year high of $30.40. The firm has a market cap of $497.46 million, a P/E ratio of 13.41 and a beta of 1.01. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

Access National (NASDAQ:ANCX) last announced its quarterly earnings data on Monday, January 28th. The financial services provider reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.04). Access National had a return on equity of 8.49% and a net margin of 24.62%. The business had revenue of $30.80 million for the quarter, compared to analyst estimates of $31.66 million. Equities analysts predict that Access National Co. will post 1.91 EPS for the current fiscal year.

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

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