Sandler O’Neill Analysts Give Access National (ANCX) a $30.00 Price Target
Several other analysts also recently issued reports on ANCX. Zacks Investment Research upgraded Access National from a hold rating to a buy rating and set a $31.00 price target for the company in a report on Tuesday, January 2nd. Maxim Group reiterated a buy rating and issued a $33.00 price target (up from $32.00) on shares of Access National in a report on Monday, October 30th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $29.00 price target on shares of Access National in a report on Tuesday, October 3rd. BidaskClub downgraded Access National from a sell rating to a strong sell rating in a report on Wednesday, December 27th. Finally, UBS Group upgraded Access National from a market perform rating to an outperform rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Access National currently has an average rating of Hold and an average target price of $31.00.
Shares of Access National (NASDAQ ANCX) traded down $0.32 during midday trading on Thursday, reaching $28.24. The company had a trading volume of 31,400 shares, compared to its average volume of 27,075. Access National has a 52-week low of $24.36 and a 52-week high of $33.18. The firm has a market cap of $571.04, a P/E ratio of 26.90 and a beta of 0.95. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.14.
In other news, insider Mark D. Moore acquired 3,972 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was bought at an average cost of $27.84 per share, with a total value of $110,580.48. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders acquired 4,744 shares of company stock valued at $132,073. 14.23% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in Access National by 53.1% in the 2nd quarter. Royal Bank of Canada now owns 5,413 shares of the financial services provider’s stock valued at $143,000 after buying an additional 1,877 shares during the last quarter. Nationwide Fund Advisors boosted its position in Access National by 53.9% in the 2nd quarter. Nationwide Fund Advisors now owns 8,288 shares of the financial services provider’s stock valued at $220,000 after buying an additional 2,904 shares during the last quarter. Private Advisor Group LLC boosted its position in Access National by 25.2% in the 2nd quarter. Private Advisor Group LLC now owns 17,411 shares of the financial services provider’s stock valued at $472,000 after buying an additional 3,508 shares during the last quarter. New York State Common Retirement Fund boosted its position in Access National by 33.3% in 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 buying an additional 3,796 shares during the last quarter. Finally, Sandy Spring Bank purchased a new position in Access National in the 2nd quarter valued at about $141,000. 37.49% of the stock is owned by institutional investors.
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.
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