Access National (ANCX) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of Access National (NASDAQ:ANCX) from a sell rating to a strong sell rating in a report issued on Wednesday, December 27th.

Other equities analysts have also issued research reports about the stock. Maxim Group reissued a buy rating and issued a $33.00 price target (up previously from $32.00) on shares of Access National in a research report on Monday, October 30th. Zacks Investment Research raised shares of Access National from a hold rating to a buy rating and set a $34.00 price target on the stock in a research report on Friday, October 27th. Keefe, Bruyette & Woods reissued a hold rating and issued a $30.00 price target on shares of Access National in a research report on Sunday, November 5th. Raymond James Financial raised shares of Access National from a market perform rating to an outperform rating and set a $31.00 price target on the stock in a research report on Thursday, October 26th. Finally, UBS Group raised shares of Access National from a market perform rating to an outperform rating in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Access National has an average rating of Hold and a consensus target price of $31.00.

Access National (NASDAQ:ANCX) opened at $29.08 on Wednesday. Access National has a 52-week low of $24.36 and a 52-week high of $33.18. The company has a market cap of $594.77, a P/E ratio of 27.70 and a beta of 0.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.89.

In related news, insider Mark D. Moore acquired 3,972 shares of the stock in a transaction dated Friday, November 24th. The shares were acquired at an average price of $27.84 per share, for a total transaction of $110,580.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders bought 4,744 shares of company stock worth $132,073. 14.23% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake in shares of Access National by 6.4% in the third quarter. Janus Henderson Group PLC now owns 926,679 shares of the financial services provider’s stock worth $26,559,000 after acquiring an additional 55,409 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Access National by 127.0% in the second quarter. Franklin Resources Inc. now owns 832,389 shares of the financial services provider’s stock worth $22,075,000 after acquiring an additional 465,689 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Access National by 2.8% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 677,405 shares of the financial services provider’s stock worth $19,414,000 after acquiring an additional 18,387 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Access National by 134.8% in the second quarter. Vanguard Group Inc. now owns 602,356 shares of the financial services provider’s stock worth $15,974,000 after acquiring an additional 345,782 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Access National by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 402,215 shares of the financial services provider’s stock worth $10,666,000 after acquiring an additional 28,042 shares during the last quarter. Institutional investors and hedge funds own 37.49% of the company’s stock.

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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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