Access National Co. (ANCX) Receives Consensus Rating of “Hold” from Analysts
Shares of Access National Co. (NASDAQ:ANCX) have been given an average rating of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $31.00.
A number of analysts have weighed in on ANCX shares. Zacks Investment Research cut shares of Access National from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Maxim Group reissued a “buy” rating and set a $33.00 price objective (up previously from $32.00) on shares of Access National in a report on Monday, October 30th. Sandler O’Neill set a $30.00 price objective on shares of Access National and gave the stock a “hold” rating in a report on Thursday, January 4th. UBS Group raised shares of Access National from a “market perform” rating to an “outperform” rating in a report on Thursday, October 26th. Finally, Raymond James Financial raised shares of Access National from a “market perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a report on Thursday, October 26th.
Shares of Access National (ANCX) traded down $0.12 during trading on Tuesday, reaching $28.12. 34,000 shares of the company were exchanged, compared to its average volume of 28,460. Access National has a one year low of $24.36 and a one year high of $33.18. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $571.04, a P/E ratio of 26.78 and a beta of 0.95.
Several institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in shares of Access National in the 3rd quarter valued at $365,000. Janus Henderson Group PLC increased its holdings in shares of 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 acquiring an additional 55,409 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of 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 acquiring an additional 37,234 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of 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 acquiring an additional 30,723 shares during the period. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in shares of 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 acquiring an additional 18,387 shares during the period. 37.49% of the stock is currently owned by institutional investors and hedge funds.
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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.
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