Keefe, Bruyette & Woods Reiterates Hold Rating for Access National Corporation (ANCX)
Access National Corporation (NASDAQ:ANCX)‘s stock had its “hold” rating restated by equities research analysts at Keefe, Bruyette & Woods in a report issued on Tuesday. They currently have a $29.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 0.07% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. BidaskClub raised shares of Access National Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Access National Corporation currently has a consensus rating of “Hold” and a consensus target price of $30.50.
Access National Corporation (NASDAQ ANCX) traded down 0.28% during trading on Tuesday, hitting $28.98. The company had a trading volume of 32,530 shares. The stock has a market capitalization of $590.93 million, a price-to-earnings ratio of 27.44 and a beta of 1.00. The firm’s 50 day moving average is $26.07 and its 200-day moving average is $27.29. Access National Corporation has a 52-week low of $22.73 and a 52-week high of $33.18.
In other Access National Corporation news, Director J Randolph Babbitt bought 4,100 shares of the stock in a transaction dated Tuesday, August 29th. The shares were acquired at an average cost of $25.53 per share, for a total transaction of $104,673.00. Following the completion of the transaction, the director now owns 9,126 shares in the company, valued at approximately $232,986.78. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought 4,955 shares of company stock valued at $126,168 over the last three months. Corporate insiders own 14.23% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in ANCX. Sandy Spring Bank purchased a new stake in Access National Corporation in the 2nd quarter valued at $141,000. Royal Bank of Canada boosted its stake in Access National Corporation by 53.1% during the 2nd quarter. Royal Bank of Canada now owns 5,413 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,877 shares during the period. American International Group Inc. boosted its stake in Access National Corporation by 6.8% during the 1st quarter. American International Group Inc. now owns 5,014 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 321 shares during the period. Nationwide Fund Advisors grew its position in Access National Corporation by 17.6% during the 1st quarter. Nationwide Fund Advisors now owns 5,384 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 807 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Access National Corporation during the 2nd quarter worth $229,000. Hedge funds and other institutional investors own 36.86% of the company’s stock.
About Access National Corporation
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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