Access National Corporation (ANCX) Director Purchases $19,989.12 in Stock
Access National Corporation (NASDAQ:ANCX) Director Thomas M. Kody bought 718 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were purchased at an average cost of $27.84 per share, for a total transaction of $19,989.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Access National Corporation (NASDAQ ANCX) traded up $0.08 on Friday, reaching $29.53. The company had a trading volume of 18,734 shares, compared to its average volume of 38,114. The stock has a market cap of $604.17, a PE ratio of 21.72 and a beta of 0.98. Access National Corporation has a 1 year low of $24.36 and a 1 year high of $33.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.89.
The business also recently declared a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Thursday, November 9th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 2.03%. Access National’s dividend payout ratio is currently 63.83%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC grew its stake in Access National by 6.4% during the 3rd quarter. Janus Henderson Group PLC now owns 926,679 shares of the financial services provider’s stock valued at $26,559,000 after acquiring an additional 55,409 shares in the last quarter. Franklin Resources Inc. grew its stake in Access National by 127.0% during the 2nd quarter. Franklin Resources Inc. now owns 832,389 shares of the financial services provider’s stock valued at $22,075,000 after acquiring an additional 465,689 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in Access National by 2.8% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 677,405 shares of the financial services provider’s stock valued at $19,414,000 after acquiring an additional 18,387 shares in the last quarter. Vanguard Group Inc. grew its stake in Access National by 134.8% during the 2nd quarter. Vanguard Group Inc. now owns 602,356 shares of the financial services provider’s stock valued at $15,974,000 after acquiring an additional 345,782 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Access National by 7.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 402,215 shares of the financial services provider’s stock valued at $10,666,000 after acquiring an additional 28,042 shares in the last quarter. 37.39% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on ANCX. BidaskClub raised Access National from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Maxim Group reissued a “buy” rating and issued a $33.00 price target (up previously from $32.00) on shares of Access National in a research note on Monday, October 30th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $29.00 price target on shares of Access National in a research note on Tuesday, October 3rd. UBS raised Access National from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 26th. Finally, Stephens began coverage on Access National in a research note on Thursday, November 16th. They issued an “overweight” rating and a $31.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $31.43.
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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.
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