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.

Insider Buying and Selling by Quarter for Access National (NASDAQ:ANCX)

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