Insider Buying: Michael W. Clarke Purchases 2,000 Shares of Access National Corp. Stock (ANCX)
Access National Corp. (NASDAQ:ANCX) CEO Michael W. Clarke purchased 2,000 shares of Access National Corp. stock in a transaction dated Wednesday, August 20th. The stock was purchased at an average price of $16.21 per share, with a total value of $32,420.00. Following the completion of the transaction, the chief executive officer now directly owns 687,030 shares of the company’s stock, valued at approximately $11,136,756. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Access National Corp. (NASDAQ:ANCX) traded down 0.24% during mid-day trading on Friday, hitting $16.33. The stock had a trading volume of 6,593 shares. Access National Corp. has a 1-year low of $13.38 and a 1-year high of $17.62. The stock has a 50-day moving average of $15.80 and a 200-day moving average of $15.56. The company has a market cap of $170.5 million and a price-to-earnings ratio of 14.88.
Access National Corp. (NASDAQ:ANCX) last posted its quarterly earnings results on Friday, July 18th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.04. Analysts expect that Access National Corp. will post $1.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, August 25th. Investors of record on Monday, August 4th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, July 31st. This is an increase from Access National Corp.’s previous quarterly dividend of $0.12.
Access National Corporation (NASDAQ:ANCX) operates as a bank holding company.
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