Access National (NASDAQ:ANCX) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday.

Other equities research analysts also recently issued reports about the company. UBS raised Access National from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $29.00 price target on shares of Access National in a research note on Tuesday, October 3rd. Stephens began coverage on Access National in a research note on Thursday, November 16th. They set an “overweight” rating and a $31.00 price target for the company. Raymond James Financial raised Access National from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised Access National from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Access National has an average rating of “Hold” and a consensus target price of $31.43.

Access National (NASDAQ ANCX) traded down $0.04 on Friday, hitting $28.72. The stock had a trading volume of 47,611 shares, compared to its average volume of 27,139. Access National has a 52 week low of $24.36 and a 52 week high of $33.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.89. The stock has a market cap of $587.40, a P/E ratio of 21.15 and a beta of 0.95.

In related news, insider Mark D. Moore acquired 3,972 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were acquired at an average cost of $27.84 per share, with a total value of $110,580.48. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders purchased a total of 4,744 shares of company stock worth $132,073 over the last three months. 14.23% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new stake in Access National in the 3rd quarter valued at approximately $365,000. Janus Henderson Group PLC grew its holdings in Access National by 6.4% in the 3rd quarter. Janus Henderson Group PLC now owns 926,679 shares of the financial services provider’s stock valued at $26,559,000 after buying an additional 55,409 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Access National by 11.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 361,449 shares of the financial services provider’s stock valued at $10,359,000 after buying an additional 37,234 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Access National by 129.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 54,447 shares of the financial services provider’s stock valued at $1,561,000 after buying an additional 30,723 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in Access National by 2.8% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 677,405 shares of the financial services provider’s stock valued at $19,414,000 after buying an additional 18,387 shares during the last quarter. 37.49% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Access National (NASDAQ:ANCX)

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