Shares of Access National Co. (NASDAQ:ANCX) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $30.50.

Several equities research analysts recently commented on the company. BidaskClub cut Access National from a “hold” rating to a “sell” rating in a research note on Friday, August 17th. Stephens reissued a “buy” rating and issued a $31.00 price target on shares of Access National in a research note on Tuesday, July 31st. Maxim Group reissued a “buy” rating and issued a $31.00 price target (down previously from $33.00) on shares of Access National in a research note on Monday, July 30th. Finally, Raymond James cut Access National from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 10th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co. NY acquired a new stake in Access National in the 4th quarter worth approximately $141,000. MetLife Investment Advisors LLC acquired a new stake in Access National in the 4th quarter worth approximately $197,000. Sandy Spring Bank lifted its holdings in Access National by 128.3% in the 1st quarter. Sandy Spring Bank now owns 9,119 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 5,124 shares during the last quarter. United Capital Financial Advisers LLC acquired a new stake in Access National in the 1st quarter worth approximately $292,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Access National by 34.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 14,429 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 3,731 shares during the last quarter. Hedge funds and other institutional investors own 43.99% of the company’s stock.

Shares of NASDAQ ANCX traded down $0.30 during trading hours on Wednesday, hitting $27.58. The stock had a trading volume of 39,039 shares, compared to its average volume of 35,562. The stock has a market cap of $584.62 million, a price-to-earnings ratio of 17.13 and a beta of 0.74. Access National has a 52 week low of $24.49 and a 52 week high of $30.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.88 and a current ratio of 0.90.

Access National (NASDAQ:ANCX) last announced its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). The firm had revenue of $32.11 million during the quarter, compared to the consensus estimate of $32.20 million. Access National had a net margin of 19.04% and a return on equity of 8.06%. analysts predict that Access National will post 1.73 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Thursday, August 9th were issued a $0.16 dividend. This is a positive change from Access National’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Wednesday, August 8th. Access National’s payout ratio is 39.75%.

Access National Company Profile

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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Analyst Recommendations for Access National (NASDAQ:ANCX)

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