Brown Advisory Inc. Trims Stake in Access National Co. (ANCX)

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Brown Advisory Inc. reduced its position in Access National Co. (NASDAQ:ANCX) by 12.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 22,228 shares of the financial services provider’s stock after selling 3,186 shares during the period. Brown Advisory Inc.’s holdings in Access National were worth $635,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ANCX. United Capital Financial Advisers LLC purchased a new stake in shares of Access National in the 1st quarter valued at about $292,000. American Research & Management Co. lifted its holdings in shares of Access National by 30.3% in the 2nd quarter. American Research & Management Co. now owns 14,524 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 3,375 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Access National in the 2nd quarter valued at about $466,000. UBS Group AG lifted its holdings in shares of Access National by 209.8% in the 1st quarter. UBS Group AG now owns 26,929 shares of the financial services provider’s stock valued at $768,000 after purchasing an additional 18,237 shares during the last quarter. Finally, Teton Advisors Inc. purchased a new stake in shares of Access National in the 1st quarter valued at about $785,000. 43.91% of the stock is owned by institutional investors and hedge funds.

ANCX opened at $27.58 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.10. The company has a market cap of $574.42 million, a price-to-earnings ratio of 16.64 and a beta of 0.64. Access National Co. has a 52 week low of $25.07 and a 52 week high of $30.99.

Access National (NASDAQ:ANCX) last posted its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). The company had revenue of $32.11 million for the quarter, compared to analysts’ expectations of $32.20 million. Access National had a net margin of 19.04% and a return on equity of 8.06%. equities research analysts expect that Access National Co. will post 1.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Thursday, August 9th were paid a dividend of $0.16 per share. The ex-dividend date was Wednesday, August 8th. This is an increase from Access National’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 2.32%. Access National’s dividend payout ratio is currently 39.75%.

Several research firms have recently weighed in on ANCX. BidaskClub raised Access National from a “hold” rating to a “buy” rating in a report on Friday, July 6th. Maxim Group reissued a “buy” rating and issued a $31.00 target price (down from $33.00) on shares of Access National in a report on Monday, July 30th. Raymond James downgraded Access National from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 10th. Finally, Stephens reissued a “buy” rating and issued a $31.00 target price on shares of Access National in a report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Access National presently has an average rating of “Hold” and an average price target of $30.67.

About Access National

Access National Corporation operates as the bank holding company for Access National Bank that provides credit, deposit, mortgage, and wealth management services to small and medium sized businesses, professionals, and associated individuals primarily in the greater Washington, DC Metropolitan Area. The company operates through three segments: Commercial Banking, Mortgage Banking, and Wealth Management.

See Also: Diversification Important in Investing

Want to see what other hedge funds are holding ANCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Access National Co. (NASDAQ:ANCX).

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

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Brown Advisory Inc. Trims Stake in Access National Co. (ANCX)

Share on StockTwits

Brown Advisory Inc. reduced its position in Access National Co. (NASDAQ:ANCX) by 12.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 22,228 shares of the financial services provider’s stock after selling 3,186 shares during the period. Brown Advisory Inc.’s holdings in Access National were worth $635,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ANCX. United Capital Financial Advisers LLC purchased a new stake in shares of Access National in the 1st quarter valued at about $292,000. American Research & Management Co. lifted its holdings in shares of Access National by 30.3% in the 2nd quarter. American Research & Management Co. now owns 14,524 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 3,375 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Access National in the 2nd quarter valued at about $466,000. UBS Group AG lifted its holdings in shares of Access National by 209.8% in the 1st quarter. UBS Group AG now owns 26,929 shares of the financial services provider’s stock valued at $768,000 after purchasing an additional 18,237 shares during the last quarter. Finally, Teton Advisors Inc. purchased a new stake in shares of Access National in the 1st quarter valued at about $785,000. 43.91% of the stock is owned by institutional investors and hedge funds.

ANCX opened at $27.58 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 0.10. The company has a market cap of $574.42 million, a price-to-earnings ratio of 16.64 and a beta of 0.64. Access National Co. has a 52 week low of $25.07 and a 52 week high of $30.99.

Access National (NASDAQ:ANCX) last posted its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). The company had revenue of $32.11 million for the quarter, compared to analysts’ expectations of $32.20 million. Access National had a net margin of 19.04% and a return on equity of 8.06%. equities research analysts expect that Access National Co. will post 1.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Thursday, August 9th were paid a dividend of $0.16 per share. The ex-dividend date was Wednesday, August 8th. This is an increase from Access National’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 2.32%. Access National’s dividend payout ratio is currently 39.75%.

Several research firms have recently weighed in on ANCX. BidaskClub raised Access National from a “hold” rating to a “buy” rating in a report on Friday, July 6th. Maxim Group reissued a “buy” rating and issued a $31.00 target price (down from $33.00) on shares of Access National in a report on Monday, July 30th. Raymond James downgraded Access National from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 10th. Finally, Stephens reissued a “buy” rating and issued a $31.00 target price on shares of Access National in a report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Access National presently has an average rating of “Hold” and an average price target of $30.67.

About Access National

Access National Corporation operates as the bank holding company for Access National Bank that provides credit, deposit, mortgage, and wealth management services to small and medium sized businesses, professionals, and associated individuals primarily in the greater Washington, DC Metropolitan Area. The company operates through three segments: Commercial Banking, Mortgage Banking, and Wealth Management.

See Also: Diversification Important in Investing

Want to see what other hedge funds are holding ANCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Access National Co. (NASDAQ:ANCX).

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

Receive News & Ratings for Access National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Access National and related companies with MarketBeat.com's FREE daily email newsletter.


 Comment on this Post

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