Access National Corporation (ANCX) Upgraded at BidaskClub
Access National Corporation (NASDAQ:ANCX) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday.
Separately, Zacks Investment Research upgraded shares of Access National Corporation from a “sell” rating to a “hold” rating in a research note on Monday, June 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $30.67.
Access National Corporation (ANCX) traded up 0.94% during midday trading on Friday, hitting $25.72. The stock had a trading volume of 22,872 shares. The firm has a 50-day moving average of $26.12 and a 200 day moving average of $27.43. The firm has a market capitalization of $524.46 million, a P/E ratio of 24.36 and a beta of 0.95. Access National Corporation has a 52-week low of $21.89 and a 52-week high of $33.18.
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Hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new stake in Access National Corporation during the second quarter valued at approximately $494,000. California State Teachers Retirement System boosted its stake in Access National Corporation by 60.1% in the second quarter. California State Teachers Retirement System now owns 26,287 shares of the financial services provider’s stock valued at $697,000 after buying an additional 9,869 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Access National Corporation by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 402,215 shares of the financial services provider’s stock valued at $10,666,000 after buying an additional 28,042 shares during the period. State Street Corp boosted its stake in Access National Corporation by 104.9% in the second quarter. State Street Corp now owns 239,989 shares of the financial services provider’s stock valued at $6,366,000 after buying an additional 122,875 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in Access National Corporation during the second quarter valued at approximately $23,123,000. Institutional investors own 23.60% of the company’s stock.
Access National Corporation 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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