Access National Co. (NASDAQ:ANCX) has received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $31.00.
ANCX has been the topic of several analyst reports. Zacks Investment Research upgraded Access National from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Tuesday, January 2nd. BidaskClub upgraded Access National from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. Sandler O’Neill set a $30.00 price objective on Access National and gave the company a “hold” rating in a research note on Thursday, January 4th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 price objective on shares of Access National in a research note on Sunday, November 5th. Finally, Stephens began coverage on Access National in a research note on Thursday, November 16th. They issued an “overweight” rating and a $31.00 price objective on the stock.
Large investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co. NY bought a new stake in Access National in the fourth quarter valued at approximately $141,000. Royal Bank of Canada raised its stake in Access National by 53.1% in the second quarter. Royal Bank of Canada now owns 5,413 shares of the financial services provider’s stock valued at $143,000 after buying an additional 1,877 shares during the period. MetLife Investment Advisors LLC bought a new stake in Access National in the fourth quarter valued at approximately $197,000. Nationwide Fund Advisors raised its stake in Access National by 53.9% in the second quarter. Nationwide Fund Advisors now owns 8,288 shares of the financial services provider’s stock valued at $220,000 after buying an additional 2,904 shares during the period. Finally, Alliancebernstein L.P. bought a new stake in Access National in the second quarter valued at approximately $289,000. Hedge funds and other institutional investors own 36.82% of the company’s stock.
Access National (NASDAQ:ANCX) last released its earnings results on Tuesday, January 30th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. Access National had a return on equity of 8.72% and a net margin of 11.96%. The business had revenue of $32.59 million for the quarter, compared to analyst estimates of $31.77 million. analysts expect that Access National will post 1.95 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.60 annualized dividend and a yield of 2.11%. Access National’s dividend payout ratio is 74.07%.
About Access National
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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