Somewhat Positive Media Coverage Somewhat Unlikely to Impact Access National (ANCX) Share Price
Press coverage about Access National (NASDAQ:ANCX) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Access National earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.8387083470339 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several research firms have recently commented on ANCX. BidaskClub raised shares of Access National from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. Maxim Group reissued a “buy” rating and set a $31.00 price target (down from $33.00) on shares of Access National in a research note on Monday, July 30th. Zacks Investment Research cut shares of Access National from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Finally, Stephens reissued a “buy” rating and set a $31.00 price target on shares of Access National in a research note on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $30.67.
Shares of ANCX traded down $0.30 during mid-day trading on Friday, hitting $27.58. 39,039 shares of the company traded hands, compared to its average volume of 35,562. Access National has a one year low of $24.49 and a one year high of $30.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.90 and a quick ratio of 0.88. The stock has a market capitalization of $584.62 million, a P/E ratio of 17.13 and a beta of 0.74.
The firm also recently disclosed 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 was Wednesday, August 8th. Access National’s dividend payout ratio is currently 39.75%.
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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