Analysts Set Access National Corporation (ANCX) PT at $30.50
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.
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.
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.