November 29, 2016 - By Michael Collier
An insider of the company Access National Corp, Thomas Kody also its director, disclosed his trade activities with the U.S. Security & Exchange Commission on November 29, 2016. As reported in the document, Thomas had purchased 891 shares of the ‘s company. The total investment was worth $20,003 USD. At the time of the trade the price of a share was $22.5. Thomas Kody now has in hand 730,209 shares of the Firm.
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. FBR Capital initiated Access National Corporation (NASDAQ:ANCX) on Thursday, March 31 with “Market Perform” rating. As per Tuesday, October 25, the company rating was upgraded by FBR Capital. The rating was maintained by Maxim Group on Thursday, October 20 with “Buy”. The company was downgraded on Monday, July 18 by Raymond James. The stock of Access National Corporation (NASDAQ:ANCX) earned “Market Perform” rating by Raymond James on Tuesday, August 25. The firm has “Buy” rating by Maxim Group given on Tuesday, August 25.
Insitutional Activity: The institutional sentiment increased to 2.25 in Q2 2016. Its up 0.62, from 1.63 in 2016Q1. The ratio is positive, 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.
Spark Inv Mgmt Ltd Liability Corporation has invested 0.04% of its portfolio in Access National Corporation (NASDAQ:ANCX). Elizabeth Park Advsrs Ltd holds 41,724 shares or 0.35% of its portfolio. Plante Moran Fincl Ltd Limited Liability Company holds 0% or 82 shares in its portfolio. California State Teachers Retirement System holds 0% of its portfolio in Access National Corporation (NASDAQ:ANCX) for 17,118 shares. Tower Research Ltd Co (Trc) accumulated 0% or 1,096 shares. Putnam Ltd Liability has 0% invested in the company for 23,304 shares. Northern holds 0% of its portfolio in Access National Corporation (NASDAQ:ANCX) for 94,225 shares. Jpmorgan Chase accumulated 0% or 316 shares. The North Carolina-based Wedge Capital Mgmt L Limited Partnership Nc has invested 0% in Access National Corporation (NASDAQ:ANCX). Ny State Common Retirement Fund reported 11,400 shares or 0% of all its holdings. Lsv Asset Mngmt has invested 0% of its portfolio in Access National Corporation (NASDAQ:ANCX). California Employees Retirement accumulated 32,400 shares or 0% of the stock. Brandywine Glob Investment Mngmt Ltd Company has 0% invested in the company for 3,670 shares. The Virginia-based Davenport Ltd Liability Com has invested 0% in Access National Corporation (NASDAQ:ANCX). Nationwide Fund Advisors accumulated 0% or 5,153 shares.
Insider Transactions: Since June 8, 2016, the stock had 8 buys, and 0 insider sales for $159,897 net activity. Taylor Margaret M also bought $1,502 worth of Access National Corporation (NASDAQ:ANCX) shares. Shares for $19,995 were bought by Kody Thomas M. Moore Mark D. had bought 459 shares worth $9,671.
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 EPS, up 8.11% or $0.03 from last year’s $0.37 per share. ANCX’s profit will be $4.11M for 17.13 P/E if the $0.40 EPS becomes a reality. After $0.41 actual EPS 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.
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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