Graves Light Private Wealth Management Inc. purchased a new position in Access National Co. (NASDAQ:ANCX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,923 shares of the financial services provider’s stock, valued at approximately $297,000. Graves Light Private Wealth Management Inc. owned about 0.07% of Access National at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Access National during the 4th quarter worth about $31,000. Renaissance Technologies LLC lifted its holdings in Access National by 0.5% during the 2nd quarter. Renaissance Technologies LLC now owns 404,695 shares of the financial services provider’s stock valued at $11,574,000 after purchasing an additional 1,890 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Access National by 3.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 63,392 shares of the financial services provider’s stock valued at $1,719,000 after purchasing an additional 2,000 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Access National by 3.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 75,120 shares of the financial services provider’s stock valued at $2,149,000 after purchasing an additional 2,304 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in Access National by 4.1% during the 2nd quarter. Raymond James & Associates now owns 63,640 shares of the financial services provider’s stock valued at $1,820,000 after purchasing an additional 2,524 shares during the last quarter. Institutional investors own 44.15% of the company’s stock.
Shares of ANCX stock opened at $23.61 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.90. Access National Co. has a 12 month low of $20.34 and a 12 month high of $30.40. The firm has a market capitalization of $497.46 million, a PE ratio of 13.41 and a beta of 1.01.
Access National (NASDAQ:ANCX) last posted its quarterly earnings results on Monday, January 28th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.04). Access National had a return on equity of 8.49% and a net margin of 24.62%. The firm had revenue of $30.80 million for the quarter, compared to the consensus estimate of $31.66 million. Analysts anticipate that Access National Co. will post 1.91 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Friday, February 8th will be issued a $0.23 dividend. This is an increase from Access National’s previous quarterly dividend of $0.17. This represents a $0.92 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Thursday, February 7th. Access National’s payout ratio is currently 38.64%.
ANCX has been the subject of several analyst reports. BidaskClub raised shares of Access National from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 16th. Zacks Investment Research downgraded shares of Access National from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Raymond James raised shares of Access National from a “market perform” rating to an “outperform” rating in a research note on Monday, October 29th. Maxim Group reiterated a “hold” rating on shares of Access National in a research report on Tuesday, October 30th. Finally, ValuEngine cut shares of Access National from a “hold” rating to a “sell” rating in a research report on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $31.00.
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Access National Company Profile
Access National Corporation operates as the bank holding company for Access National Bank that provides credit, deposit, mortgage, and wealth management services to small and medium sized businesses, professionals, and associated individuals primarily in the greater Washington, DC Metropolitan Area. The company operates through three segments: Commercial Banking, Mortgage Banking, and Wealth Management.
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