Access National Corp. (ANCX) Director Thomas M. Kody Acquires 891 Shares
Access National Corp. (NASDAQ:ANCX) Director Thomas M. Kody acquired 891 shares of the stock in a transaction on Friday, November 25th. The shares were purchased at an average price of $22.45 per share, with a total value of $20,002.95. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Access National Corp. (NASDAQ:ANCX) opened at 27.13 on Wednesday. The stock’s 50 day moving average is $25.18 and its 200 day moving average is $22.44. The firm has a market capitalization of $287.85 million, a P/E ratio of 16.64 and a beta of 0.87. Access National Corp. has a one year low of $16.26 and a one year high of $28.10.
Access National Corp. (NASDAQ:ANCX) last issued its quarterly earnings results on Monday, October 17th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Access National Corp. had a net margin of 21.78% and a return on equity of 14.96%. On average, equities research analysts predict that Access National Corp. will post $1.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 25th. Stockholders of record on Monday, October 31st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $0.60 annualized dividend and a dividend yield of 2.21%. Access National Corp.’s payout ratio is currently 36.81%.
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Several research analysts have commented on the stock. Maxim Group assumed coverage on shares of Access National Corp. in a research report on Thursday, August 25th. They set a “buy” rating and a $21.50 price objective for the company. Zacks Investment Research upgraded shares of Access National Corp. from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Wednesday, October 19th. FBR & Co upgraded shares of Access National Corp. from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $26.00 to $29.00 in a report on Tuesday, October 25th. Finally, Raymond James Financial Inc. upgraded shares of Access National Corp. from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Thursday, August 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $24.80.
Several large investors have recently modified their holdings of ANCX. American Research & Management Co. increased its position in Access National Corp. by 64.1% in the second quarter. American Research & Management Co. now owns 6,399 shares of the financial services provider’s stock valued at $125,000 after buying an additional 2,500 shares during the period. Teachers Advisors Inc. increased its position in Access National Corp. by 15.5% in the second quarter. Teachers Advisors Inc. now owns 11,597 shares of the financial services provider’s stock valued at $226,000 after buying an additional 1,556 shares during the period. Wedge Capital Management L L P NC acquired a new position in Access National Corp. during the second quarter valued at approximately $261,000. Schwab Charles Investment Management Inc. acquired a new position in Access National Corp. during the second quarter valued at approximately $276,000. Finally, California State Teachers Retirement System increased its position in Access National Corp. by 11.0% in the second quarter. California State Teachers Retirement System now owns 17,118 shares of the financial services provider’s stock valued at $334,000 after buying an additional 1,692 shares during the period. Institutional investors own 25.08% of the company’s stock.
Access National Corp. Company Profile
Access National Corporation is a bank holding company. The Company operates through its subsidiary, Access National Bank (the Bank). The Bank provides credit, deposit, mortgage services and wealth management services to middle market commercial businesses and associated professionals, primarily in the Washington, District of Columbia Metropolitan Area.
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