Ativo Capital Management LLC Has $1.19 Million Stake in Access National Corporation (ANCX)
Ativo Capital Management LLC lifted its stake in Access National Corporation (NASDAQ:ANCX) by 0.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,809 shares of the financial services provider’s stock after buying an additional 1 shares during the period. Ativo Capital Management LLC owned approximately 0.22% of Access National Corporation worth $1,188,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of ANCX. Franklin Resources Inc. boosted its holdings in Access National Corporation by 127.0% in the second quarter. Franklin Resources Inc. now owns 832,389 shares of the financial services provider’s stock valued at $22,075,000 after purchasing an additional 465,689 shares during the last quarter. Bronfman E.L. Rothschild L.P. purchased a new position in Access National Corporation in the second quarter valued at about $17,477,000. Vanguard Group Inc. boosted its holdings in Access National Corporation by 17.8% in the first quarter. Vanguard Group Inc. now owns 256,574 shares of the financial services provider’s stock valued at $7,702,000 after purchasing an additional 38,803 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Access National Corporation by 85.5% in the first quarter. Geode Capital Management LLC now owns 105,968 shares of the financial services provider’s stock valued at $3,181,000 after purchasing an additional 48,833 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Access National Corporation by 16.1% in 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 during the last quarter. 36.86% of the stock is owned by institutional investors.
A number of research analysts recently commented on ANCX shares. BidaskClub raised Access National Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Zacks Investment Research raised Access National Corporation from a “sell” rating to a “hold” rating in a report on Monday, June 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Access National Corporation currently has an average rating of “Hold” and an average target price of $30.67.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Monday, August 14th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, August 10th. Access National Corporation’s dividend payout ratio is currently 59.41%.
In other news, Director J Randolph Babbitt bought 4,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $25.53 per share, with a total value of $104,673.00. Following the completion of the transaction, the director now directly owns 9,126 shares in the company, valued at $232,986.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders bought 4,955 shares of company stock worth $126,168. 14.23% of the stock is currently owned by company insiders.
Access National Corporation 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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