Access National Corp. Upgraded by Keefe, Bruyette & Woods to Outperform (ANCX)
Access National Corp. (NASDAQ:ANCX) was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $18.00 price target on the stock, up from their previous price target of $15.00. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 9.89% from the stock’s previous close.
Shares of Access National Corp. (NASDAQ:ANCX) traded up 2.57% during mid-day trading on Thursday, hitting $16.38. The stock had a trading volume of 43,066 shares. Access National Corp. has a 52-week low of $10.90 and a 52-week high of $18.07. The stock’s 50-day moving average is $15.36 and its 200-day moving average is $14.80. The company has a market cap of $169.4 million and a P/E ratio of 10.24.
Access National Corp. (NASDAQ:ANCX) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.07. Analysts expect that Access National Corp. will post $1.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, February 25th. Shareholders of record on Thursday, February 6th will be paid a dividend of 0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Tuesday, February 4th.
Access National Corporation (NASDAQ:ANCX) operates as a bank holding company.
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