Shares of Access National Corporation (NASDAQ:ANCX) have been given a consensus rating of “Hold” by the eight analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $31.33.

A number of brokerages have recently issued reports on ANCX. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $29.00 price target on shares of Access National Corporation in a report on Tuesday, October 3rd. Raymond James Financial, Inc. raised shares of Access National Corporation from a “market perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Thursday, October 26th. Zacks Investment Research raised shares of Access National Corporation from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Friday. BidaskClub raised shares of Access National Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, UBS AG raised shares of Access National Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, October 26th.

In related news, Director J Randolph Babbitt acquired 4,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average cost of $25.53 per share, for a total transaction of $104,673.00. Following the completion of the transaction, the director now owns 9,126 shares in the company, valued at $232,986.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders purchased 4,955 shares of company stock worth $126,168. 14.23% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Sandy Spring Bank bought a new position in shares of Access National Corporation in the second quarter worth approximately $141,000. Royal Bank of Canada increased its position in shares of Access National Corporation by 53.1% in the second quarter. Royal Bank of Canada now owns 5,413 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,877 shares during the last quarter. American International Group Inc. increased its position 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 purchasing an additional 321 shares during the last quarter. Nationwide Fund Advisors increased its position 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 purchasing an additional 807 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Access National Corporation in the second quarter worth approximately $229,000. Institutional investors own 36.93% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Analysts Set Access National Corporation (ANCX) PT at $30.50” was first published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this article on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://theolympiareport.com/2017/10/31/analysts-set-access-national-corporation-ancx-pt-at-30-50.html.

Shares of Access National Corporation (ANCX) traded down 0.31% during midday trading on Thursday, hitting $29.10. 28,041 shares of the company traded hands. The stock has a market capitalization of $593.38 million, a PE ratio of 27.56 and a beta of 1.00. The stock has a 50 day moving average of $28.09 and a 200-day moving average of $27.34. Access National Corporation has a 52 week low of $22.81 and a 52 week high of $33.18.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, November 9th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, November 8th. Access National Corporation’s dividend payout ratio (DPR) is 63.83%.

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.

Analyst Recommendations for Access National Corporation (NASDAQ:ANCX)

Receive News & Ratings for Access National Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Access National Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.