Access National (ANCX) Given a $30.00 Price Target by Sandler O’Neill Analysts

Sandler O’Neill set a $30.00 price objective on Access National (NASDAQ:ANCX) in a report published on Thursday, January 4th. The brokerage currently has a hold rating on the financial services provider’s stock.

A number of other equities analysts have also recently commented on the company. Zacks Investment Research raised Access National from a hold rating to a buy rating and set a $31.00 price target on the stock in a research note on Tuesday, January 2nd. BidaskClub cut Access National from a sell rating to a strong sell rating in a research note on Wednesday, December 27th. Stephens assumed coverage on Access National in a research note on Thursday, November 16th. They set an overweight rating and a $31.00 target price on the stock. Keefe, Bruyette & Woods reissued a hold rating and set a $30.00 target price on shares of Access National in a research note on Sunday, November 5th. Finally, Maxim Group reissued a buy rating and set a $33.00 target price (up from $32.00) on shares of Access National in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $31.00.

Shares of Access National (ANCX) traded up $0.31 during trading on Thursday, reaching $28.98. The company’s stock had a trading volume of 28,100 shares, compared to its average volume of 27,663. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. The stock has a market cap of $598.04, a PE ratio of 27.60 and a beta of 0.95. Access National has a 1-year low of $24.36 and a 1-year high of $33.18.

In related news, insider Mark D. Moore bought 3,972 shares of the company’s stock in a transaction on Friday, November 24th. The shares were acquired at an average cost of $27.84 per share, with a total value of $110,580.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders purchased 4,744 shares of company stock worth $132,073. 14.23% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its holdings in shares of Access National by 160.9% during the second quarter. Russell Investments Group Ltd. now owns 10,980 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 6,772 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Access National by 67.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 23,724 shares of the financial services provider’s stock valued at $630,000 after purchasing an additional 9,586 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Access National by 61.2% during the second quarter. First Trust Advisors LP now owns 31,821 shares of the financial services provider’s stock valued at $844,000 after purchasing an additional 12,076 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Access National by 93.2% during the second quarter. Rhumbline Advisers now owns 15,827 shares of the financial services provider’s stock valued at $420,000 after purchasing an additional 7,635 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Access National by 16.1% during the second quarter. Bank of New York Mellon Corp now owns 100,991 shares of the financial services provider’s stock valued at $2,678,000 after purchasing an additional 14,033 shares in the last quarter. 37.49% of the stock is currently owned by institutional investors and hedge funds.

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Access National 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 (NASDAQ:ANCX)

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