Access National Co. (ANCX) Director Acquires $42,075.00 in Stock
Access National Co. (NASDAQ:ANCX) Director Mark D. Moore bought 1,500 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were acquired at an average price of $28.05 per share, for a total transaction of $42,075.00. Following the transaction, the director now owns 11,964 shares in the company, valued at $335,590.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Access National Co. (NASDAQ:ANCX) traded down 1.32% on Friday, reaching $27.73. The company’s stock had a trading volume of 38,840 shares. The company’s 50 day moving average price is $28.63 and its 200 day moving average price is $27.61. The company has a market cap of $299.12 million, a P/E ratio of 21.71 and a beta of 0.94. Access National Co. has a 12-month low of $18.55 and a 12-month high of $33.18.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 25th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.16%. Access National’s dividend payout ratio (DPR) is 38.96%.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. American Research & Management Co. increased its position in Access National by 13.6% in the first quarter. American Research & Management Co. now owns 7,499 shares of the financial services provider’s stock worth $225,000 after buying an additional 900 shares during the period. Highbridge Capital Management LLC purchased a new position in Access National during the fourth quarter worth $228,000. Independent Advisor Alliance purchased a new position in Access National during the fourth quarter worth $178,000. Metropolitan Life Insurance Co. NY increased its position in Access National by 847.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,445 shares of the financial services provider’s stock worth $179,000 after buying an additional 5,765 shares during the period. Finally, Two Sigma Investments LP increased its position in Access National by 474.5% in the fourth quarter. Two Sigma Investments LP now owns 58,115 shares of the financial services provider’s stock worth $1,613,000 after buying an additional 48,000 shares during the period. Hedge funds and other institutional investors own 27.03% of the company’s stock.
ANCX has been the topic of several recent research reports. Zacks Investment Research lowered Access National from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th. Sandler O’Neill initiated coverage on Access National in a report on Monday, April 17th. They issued a “hold” rating and a $30.00 price target on the stock. Merion Capital Group initiated coverage on Access National in a report on Monday, March 27th. They issued a “neutral” rating and a $31.00 price target on the stock. Finally, Keefe, Bruyette & Woods set a $30.00 price target on Access National and gave the stock a “hold” rating in a report on Tuesday, April 4th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $29.14.
Access National Company Profile
Access National Corporation is a bank holding company. The Company operates through its subsidiary, Access National Bank (the Bank). The Bank offers a range of financial services and products, and specializes in providing customized financial services to small and medium sized businesses, professionals and associated individuals.
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