Insider Filings: Is Access National Corporation (NASDAQ:ANCX) Stock a Buy after Margaret Taylor’s Insider Trading?

November 29, 2016 - By Vivian Park

Insider Filings: Is Access National Corporation (NASDAQ:ANCX) Stock a Buy after Margaret Taylor's Insider Trading?

Margaret Taylor Insider Buy

Margaret Taylor, the Executive Vice President – CFO of Access National Corp made a sudden transaction for 67 shares with an average price per share of $22.5 in the firm, that are having a value of $1,504 US Dollars. This transaction decreased her ownership of the Company to 0.04% total market cap or 4,360 shares. The stock deal by Mr. Margaret – was recorded on November 29, 2016 and unveiled in a SEC’s Form 4 available here.

Access National Corporation (NASDAQ:ANCX) Ratings Coverage

Out of 4 analysts covering Access National (NASDAQ:ANCX), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $29 is the highest target while $19 is the lowest. The $24.75 average target is -9.67% below today’s ($27.4) stock price. Access National has been the topic of 8 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, July 18 by Raymond James. On Thursday, October 20 the stock rating was maintained by Maxim Group with “Buy”. Maxim Group initiated Access National Corporation (NASDAQ:ANCX) on Tuesday, August 25 with “Buy” rating. FBR Capital upgraded the shares of ANCX in a report on Tuesday, October 25 to “Outperform” rating. As per Tuesday, August 25, the company rating was upgraded by Raymond James. The firm earned “Market Perform” rating on Thursday, March 31 by FBR Capital.

Insitutional Activity: The institutional sentiment increased to 2.25 in 2016 Q2. Its up 0.62, from 1.63 in 2016Q1. The ratio increased, as 3 funds sold all Access National Corporation shares owned while 13 reduced positions. 4 funds bought stakes while 22 increased positions. They now own 2.52 million shares or 0.93% more from 2.49 million shares in 2016Q1.

Manufacturers Life Ins Com The last reported 0.01% of its portfolio in the stock. California Pub Employees Retirement holds 32,400 shares or 0% of its portfolio. The Massachusetts-based Geode Capital Management Ltd Liability Co has invested 0% in Access National Corporation (NASDAQ:ANCX). Chicago Equity Prns Ltd Company last reported 0.01% of its portfolio in the stock. Gsa Capital Prtn Llp reported 11,754 shares or 0.01% of all its holdings. Bank & Trust Of Mellon has 68,671 shares for 0% of their US portfolio. First Manhattan Company has invested 0.02% of its portfolio in Access National Corporation (NASDAQ:ANCX). The Pennsylvania-based Brandywine Global Investment Management Ltd Llc has invested 0% in Access National Corporation (NASDAQ:ANCX). Moreover, Blackrock Institutional Trust Na has 0% invested in Access National Corporation (NASDAQ:ANCX) for 76,411 shares. First Quadrant L P Ca accumulated 0% or 2,100 shares. Maltese Cap Mgmt Lc, a New York-based fund reported 70,000 shares. Deutsche Bank Ag, a Germany-based fund reported 14,278 shares. State Common Retirement Fund holds 0% of its portfolio in Access National Corporation (NASDAQ:ANCX) for 11,400 shares. Nationwide Fund Advsr holds 5,153 shares or 0% of its portfolio. Moreover, Citigroup has 0% invested in Access National Corporation (NASDAQ:ANCX) for 3,083 shares.

Insider Transactions: Since June 8, 2016, the stock had 8 insider buys, and 0 sales for $159,897 net activity. Another trade for 71 shares valued at $1,496 was made by Taylor Margaret M on Thursday, August 25. Moore Mark D. also bought $28,230 worth of Access National Corporation (NASDAQ:ANCX) shares. The insider Kody Thomas M bought $19,995.

About 74,148 shares traded hands. Access National Corporation (NASDAQ:ANCX) has risen 32.22% since April 26, 2016 and is uptrending. It has outperformed by 26.96% the S&P500.

Access National Corporation is a bank holding company. The company has a market cap of $281.58 million. The Firm operates through its subsidiary, Access National Bank . It has a 16.67 P/E ratio. The Bank provides credit, deposit, mortgage services and wealth management services to middle market commercial businesses and associated professionals, primarily in the Washington, District of Columbia Metropolitan Area.

According to Zacks Investment Research, “Access National Corporation serves as the holding company for Access National Bank and its subsidiaries, Access National Mortgage Corporation and Access National Leasing Corporation.”

Analysts await Access National Corporation (NASDAQ:ANCX) to report earnings on January, 19. They expect $0.40 earnings per share, up 8.11% or $0.03 from last year’s $0.37 per share. ANCX’s profit will be $4.11 million for 17.13 P/E if the $0.40 EPS becomes a reality. After $0.41 actual earnings per share reported by Access National Corporation for the previous quarter, Wall Street now forecasts -2.44% negative EPS growth.

More recent Access National Corporation (NASDAQ:ANCX) news were published by: Businesswire.com which released: “Access National Bank is Now Open in Alexandria” on November 28, 2016. Also Prnewswire.com published the news titled: “Access National Corporation and Middleburg Financial Corporation Announce ..” on October 24, 2016. Reuters.com‘s news article titled: “BRIEF-Access National Corp and Middleburg Financial Corp announce strategi..” with publication date: October 24, 2016 was also an interesting one.

ANCX Company Profile

Access National Corporation, incorporated on May 12, 2003, is a bank holding company. The Firm operates through its subsidiary, Access National Bank (the Bank). The Bank provides credit, deposit, mortgage services and wealth management services to middle market commercial businesses and associated professionals, primarily in the Washington, District of Columbia Metropolitan Area. 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. The Firm operates through three divisions: traditional commercial banking, mortgage banking and wealth management. The Company’s commercial banking segment includes loans, investment securities and deposit services. The Company’s mortgage banking segment includes mortgage loans held for sale, sales of loans in the secondary mortgage market and loan origination. The Company’s wealth management segment includes portfolio asset management. The commercial banking segment provides the mortgage banking segment with the short-term funds needed to originate mortgage loans through a warehouse line of credit and charges interest to the mortgage banking segment based on a premium over their cost to borrow funds.

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