Shares of Access National Co. (NASDAQ:ANCX) have been given a consensus rating of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $30.50.
Several research firms have commented on ANCX. BidaskClub downgraded shares of Access National from a “hold” rating to a “sell” rating in a report on Monday, May 14th. Raymond James downgraded shares of Access National from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 10th. Stephens reissued a “buy” rating and set a $31.00 price objective on shares of Access National in a report on Tuesday. Finally, Maxim Group reissued a “buy” rating and set a $31.00 price objective (down previously from $33.00) on shares of Access National in a report on Monday.
Get Access National alerts:Shares of Access National traded up $0.25, hitting $28.13, during midday trading on Friday, according to MarketBeat. 27,562 shares of the company traded hands, compared to its average volume of 50,668. Access National has a 52 week low of $24.36 and a 52 week high of $30.99. The company has a market capitalization of $575.09 million, a PE ratio of 17.34 and a beta of 0.74. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.09.
Access National (NASDAQ:ANCX) last released its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). Access National had a net margin of 19.04% and a return on equity of 8.11%. The company had revenue of $32.11 million for the quarter, compared to the consensus estimate of $32.20 million. sell-side analysts expect that Access National will post 1.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 24th. Stockholders of record on Thursday, August 9th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.28%. This is a boost from Access National’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, August 8th. Access National’s dividend payout ratio is currently 37.27%.
In other Access National news, CEO Michael W. Clarke bought 4,000 shares of the firm’s stock in a transaction dated Thursday, May 17th. The shares were purchased at an average cost of $27.61 per share, for a total transaction of $110,440.00. Following the transaction, the chief executive officer now owns 716,380 shares of the company’s stock, valued at $19,779,251.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have bought a total of 4,807 shares of company stock worth $132,552 over the last 90 days. Corporate insiders own 14.08% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in ANCX. Wells Fargo & Company MN raised its position in shares of Access National by 3.3% during the 4th quarter. Wells Fargo & Company MN now owns 212,311 shares of the financial services provider’s stock valued at $5,910,000 after buying an additional 6,806 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Access National by 10.0% during the 4th quarter. Bank of New York Mellon Corp now owns 109,290 shares of the financial services provider’s stock valued at $3,042,000 after buying an additional 9,966 shares in the last quarter. BlackRock Inc. raised its position in shares of Access National by 0.5% during the 4th quarter. BlackRock Inc. now owns 773,201 shares of the financial services provider’s stock valued at $21,526,000 after buying an additional 4,056 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Access National by 53.1% during the 4th quarter. Alliancebernstein L.P. now owns 16,687 shares of the financial services provider’s stock valued at $465,000 after buying an additional 5,790 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Access National by 34.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 14,429 shares of the financial services provider’s stock valued at $402,000 after buying an additional 3,731 shares in the last quarter. Hedge funds and other institutional investors own 40.55% of the company’s stock.
About Access National
Access National Corporation operates as the bank holding company for Access National Bank that provides credit, deposit, mortgage, and wealth management services to small and medium sized businesses, professionals, and associated individuals primarily in the greater Washington, DC Metropolitan Area. The company operates through three segments: Commercial Banking, Mortgage Banking, and Wealth Management.
Further Reading: Earnings Per Share (EPS)
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