Access National (NASDAQ:ANCX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued 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. “

A number of other research firms also recently issued reports on ANCX. Keefe, Bruyette & Woods upgraded shares of Access National from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $29.00 to $34.00 in a research report on Monday, October 8th. Maxim Group downgraded shares of Access National from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. BidaskClub upgraded shares of Access National from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 8th. Stephens reiterated a “buy” rating and set a $31.00 target price on shares of Access National in a research report on Tuesday, July 31st. Finally, Raymond James upgraded shares of Access National from a “market perform” rating to an “outperform” rating in a research report on Monday, October 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.80.

NASDAQ:ANCX opened at $25.57 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.90. Access National has a 52 week low of $23.95 and a 52 week high of $30.40. The firm has a market capitalization of $531.70 million, a PE ratio of 15.88 and a beta of 0.66.

Access National (NASDAQ:ANCX) last released its earnings results on Friday, October 26th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. Access National had a net margin of 20.79% and a return on equity of 8.19%. The company had revenue of $31.51 million for the quarter, compared to the consensus estimate of $31.23 million. Equities research analysts forecast that Access National will post 1.72 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its holdings in Access National by 209.8% during the first quarter. UBS Group AG now owns 26,929 shares of the financial services provider’s stock worth $768,000 after buying an additional 18,237 shares during the last quarter. American Research & Management Co. raised its holdings in Access National by 30.3% during the second quarter. American Research & Management Co. now owns 14,524 shares of the financial services provider’s stock worth $415,000 after buying an additional 3,375 shares during the last quarter. John W. Rosenthal Capital Management Inc. raised its holdings in Access National by 4.7% during the second quarter. John W. Rosenthal Capital Management Inc. now owns 62,500 shares of the financial services provider’s stock worth $1,788,000 after buying an additional 2,795 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Access National by 0.7% during the second quarter. Wells Fargo & Company MN now owns 348,171 shares of the financial services provider’s stock worth $9,957,000 after buying an additional 2,265 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Access National by 21.1% during the second quarter. First Trust Advisors LP now owns 46,155 shares of the financial services provider’s stock worth $1,320,000 after buying an additional 8,036 shares during the last quarter. Institutional investors own 43.06% of the company’s stock.

Access National Company Profile

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.

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