Stephens started coverage on shares of Access National Corporation (NASDAQ:ANCX) in a research report report published on Thursday morning. The firm issued an overweight rating and a $31.00 target price on the financial services provider’s stock.
Other equities analysts also recently issued reports about the stock. Maxim Group reiterated a buy rating and set a $33.00 price target (up from $32.00) on shares of Access National Corporation in a report on Monday, October 30th. Zacks Investment Research upgraded 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, October 27th. Keefe, Bruyette & Woods reiterated a hold rating and set a $30.00 price target on shares of Access National Corporation in a report on Sunday, November 5th. Raymond James Financial, Inc. upgraded 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. Finally, UBS AG upgraded shares of Access National Corporation from a market perform rating to an outperform rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of Hold and an average target price of $31.43.
Access National Corporation (NASDAQ:ANCX) traded down $0.09 during trading on Thursday, hitting $28.44. 23,922 shares of the stock were exchanged, compared to its average volume of 38,430. The company has a market cap of $583.93, a P/E ratio of 20.46 and a beta of 0.95. Access National Corporation has a 12-month low of $24.36 and a 12-month high of $33.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.89 and a current ratio of 0.90.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, November 9th will be given a $0.15 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $0.60 annualized dividend and a yield of 2.11%. Access National Corporation’s dividend payout ratio (DPR) is 57.14%.
In other Access National Corporation news, Director J Randolph Babbitt purchased 4,100 shares of the stock in a transaction dated Tuesday, August 29th. The stock was purchased at an average price of $25.53 per share, with a total value of $104,673.00. Following the transaction, the director now owns 9,126 shares of the company’s stock, valued at $232,986.78. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders bought a total of 4,955 shares of company stock valued at $126,168 in the last ninety days. Corporate insiders own 14.23% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Access National Corporation by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 256,574 shares of the financial services provider’s stock worth $7,702,000 after purchasing an additional 38,803 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Access National Corporation by 160.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 10,980 shares of the financial services provider’s stock worth $291,000 after purchasing an additional 6,772 shares during the period. Context BH Capital Management LP purchased a new stake in shares of Access National Corporation in the 2nd quarter worth approximately $1,055,000. Suntrust Banks Inc. purchased a new stake in shares of Access National Corporation in the 2nd quarter worth approximately $903,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Access National Corporation in the 2nd quarter worth approximately $494,000. 36.75% of the stock is owned by hedge funds and other institutional investors.
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.
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