Access National Corp. (ANCX) Shares Gap Up to $20.92
Access National Corp. (NASDAQ:ANCX)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $20.89, but opened at $20.92. Access National Corp. shares last traded at $21.28, with a volume of 11,188 shares.
A number of research firms have weighed in on ANCX. Zacks Investment Research upgraded Access National Corp. from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Monday, April 18th. FBR & Co reiterated a “marketperform” rating on shares of Access National Corp. in a research note on Wednesday, March 30th. Finally, Keefe, Bruyette & Woods upgraded Access National Corp. from a “market perform” rating to an “outperform” rating and increased their target price for the company from $15.00 to $18.00 in a research note on Monday, March 28th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Access National Corp. currently has an average rating of “Buy” and a consensus target price of $21.20.
The company’s 50-day moving average is $20.28 and its 200-day moving average is $19.35. The firm has a market capitalization of $223.79 million and a P/E ratio of 14.01.
Access National Corp. (NASDAQ:ANCX) last posted its quarterly earnings results on Friday, April 15th. The financial services provider reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.06. On average, equities analysts anticipate that Access National Corp. will post $1.46 earnings per share for the current year.
An institutional investor recently raised its position in Access National Corp. stock. Dimensional Fund Advisors LP boosted its position in Access National Corp. (NASDAQ:ANCX) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 269,609 shares of the financial services provider’s stock after buying an additional 3,074 shares during the period. Dimensional Fund Advisors LP owned 2.56% of Access National Corp. worth $5,516,000 as of its most recent filing with the SEC.
Access National Corporation is a bank holding company. The Company operates through its wholly owned 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.