Alliancebernstein L.P. increased its position in shares of Access National Co. (NASDAQ:ANCX) by 53.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,687 shares of the financial services provider’s stock after acquiring an additional 5,790 shares during the quarter. Alliancebernstein L.P. owned about 0.08% of Access National worth $465,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new position in Access National during the 4th quarter worth approximately $291,000. Penn Capital Management Co. Inc. boosted its stake in Access National by 6.6% during the 4th quarter. Penn Capital Management Co. Inc. now owns 153,184 shares of the financial services provider’s stock worth $4,265,000 after acquiring an additional 9,507 shares during the last quarter. BlackRock Inc. boosted its stake in Access National by 0.5% during the 4th quarter. BlackRock Inc. now owns 773,201 shares of the financial services provider’s stock worth $21,526,000 after acquiring an additional 4,056 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Access National by 10.0% during the 4th quarter. Bank of New York Mellon Corp now owns 109,290 shares of the financial services provider’s stock worth $3,042,000 after acquiring an additional 9,966 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Access National by 3.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 436,404 shares of the financial services provider’s stock worth $12,149,000 after acquiring an additional 13,053 shares during the last quarter. 36.66% of the stock is currently owned by institutional investors and hedge funds.

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Shares of ANCX opened at $29.44 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.93 and a current ratio of 0.94. Access National Co. has a twelve month low of $24.36 and a twelve month high of $30.99. The company has a market capitalization of $600.62, a price-to-earnings ratio of 18.29 and a beta of 0.83.

Access National (NASDAQ:ANCX) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. Access National had a net margin of 11.96% and a return on equity of 8.08%. The firm had revenue of $32.59 million for the quarter, compared to analyst estimates of $31.77 million. analysts anticipate that Access National Co. will post 1.95 earnings per share for the current year.

ANCX has been the topic of a number of research reports. Zacks Investment Research lowered shares of Access National from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. BidaskClub lowered shares of Access National from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 27th. Finally, Sandler O’Neill set a $30.00 price target on shares of Access National and gave the company a “hold” rating in a research note on Thursday, January 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $31.00.

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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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Institutional Ownership by Quarter for Access National (NASDAQ:ANCX)

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