Access National Co. (ANCX) Receives Average Rating of “Hold” from Analysts

Access National Co. (NASDAQ:ANCX) has received an average rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $32.50.

A number of research firms have weighed in on ANCX. Zacks Investment Research raised shares of Access National from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Monday, October 29th. Maxim Group reaffirmed a “hold” rating on shares of Access National in a research note on Tuesday, October 30th. Raymond James raised shares of Access National from a “market perform” rating to an “outperform” rating in a research note on Monday, October 29th. ValuEngine raised shares of Access National from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. Finally, BidaskClub downgraded shares of Access National from a “hold” rating to a “sell” rating in a research note on Thursday, December 13th.

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Shares of ANCX traded down $0.58 on Wednesday, hitting $23.61. 252,267 shares of the stock traded hands, compared to its average volume of 68,899. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.90. The company has a market capitalization of $497.46 million, a price-to-earnings ratio of 13.41 and a beta of 1.01. Access National has a 1 year low of $20.34 and a 1 year high of $30.40.

Access National (NASDAQ:ANCX) last announced its quarterly earnings data on Monday, January 28th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). The firm had revenue of $30.80 million for the quarter, compared to analysts’ expectations of $31.66 million. Access National had a net margin of 24.62% and a return on equity of 8.49%. Equities analysts expect that Access National will post 1.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Friday, February 8th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, February 7th. This represents a $0.92 dividend on an annualized basis and a yield of 3.90%. This is an increase from Access National’s previous quarterly dividend of $0.17. Access National’s dividend payout ratio (DPR) is currently 38.64%.

Large investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Access National by 5.7% during the second quarter. BlackRock Inc. now owns 828,340 shares of the financial services provider’s stock worth $23,690,000 after acquiring an additional 44,676 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Access National by 21.8% during the second quarter. Dimensional Fund Advisors LP now owns 537,698 shares of the financial services provider’s stock worth $15,378,000 after acquiring an additional 96,179 shares during the last quarter. Northern Trust Corp increased its stake in Access National by 7.2% during the second quarter. Northern Trust Corp now owns 201,639 shares of the financial services provider’s stock worth $5,767,000 after acquiring an additional 13,585 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Access National by 12.4% during the third quarter. First Trust Advisors LP now owns 51,882 shares of the financial services provider’s stock valued at $1,407,000 after buying an additional 5,727 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of Access National by 61.9% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,110 shares of the financial services provider’s stock valued at $1,738,000 after buying an additional 24,510 shares during the last quarter. 44.15% of the stock is currently owned by institutional investors.

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.

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