Zacks Investment Research lowered shares of Access National (NASDAQ:ANCX) from a buy rating to a hold rating in a report released on Tuesday.

According to Zacks, “Access National Corporation serves as the holding company for Access National Bank and its subsidiaries, Access National Mortgage Corporation and Access National Leasing Corporation. “

Other analysts have also issued research reports about the stock. UBS Group raised shares of Access National from a market perform rating to an outperform rating in a research report on Thursday, October 26th. Keefe, Bruyette & Woods reissued a hold rating and issued a $29.00 price objective on shares of Access National in a research report on Tuesday, October 3rd. Stephens assumed coverage on shares of Access National in a research report on Thursday, November 16th. They issued an overweight rating and a $31.00 price objective on the stock. Raymond James Financial raised shares of Access National from a market perform rating to an outperform rating and set a $31.00 price objective on the stock in a research report on Thursday, October 26th. Finally, BidaskClub lowered shares of Access National from a hold rating to a sell rating in a research report on Saturday, December 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $31.43.

Shares of Access National (NASDAQ:ANCX) opened at $28.18 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. The company has a market cap of $576.36, a price-to-earnings ratio of 26.84 and a beta of 0.95. Access National has a 1 year low of $24.36 and a 1 year high of $33.18.

In other news, insider Mark D. Moore purchased 3,972 shares of the company’s stock in a transaction on Friday, November 24th. The shares were purchased at an average cost of $27.84 per share, with a total value of $110,580.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 4,744 shares of company stock worth $132,073 over the last ninety days. Insiders own 14.23% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of ANCX. Janus Henderson Group PLC bought a new stake in Access National during the second quarter worth $23,123,000. Bronfman E.L. Rothschild L.P. bought a new stake in Access National during the second quarter worth $17,477,000. Franklin Resources Inc. raised its position in Access National by 127.0% during the second quarter. Franklin Resources Inc. now owns 832,389 shares of the financial services provider’s stock worth $22,075,000 after acquiring an additional 465,689 shares in the last quarter. Vanguard Group Inc. raised its position in Access National by 134.8% during the second quarter. Vanguard Group Inc. now owns 602,356 shares of the financial services provider’s stock worth $15,974,000 after acquiring an additional 345,782 shares in the last quarter. Finally, State Street Corp raised its position in Access National by 104.9% during the second quarter. State Street Corp now owns 239,989 shares of the financial services provider’s stock worth $6,366,000 after acquiring an additional 122,875 shares in the last quarter. 37.49% of the stock is currently owned by hedge funds and other institutional investors.

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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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