Access National (ANCX) PT Set at $30.00 by Sandler O’Neill

Access National (NASDAQ:ANCX) has been assigned a $30.00 price objective by investment analysts at Sandler O’Neill in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the financial services provider’s stock. Sandler O’Neill’s price objective indicates a potential upside of 6.23% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research raised Access National from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Tuesday. Maxim Group reaffirmed a “buy” rating and issued a $33.00 price objective (up previously from $32.00) on shares of Access National in a research report on Monday, October 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Access National in a research report on Sunday, November 5th. Raymond James Financial raised Access National from a “market perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research report on Thursday, October 26th. Finally, UBS Group raised 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. The company has an average rating of “Hold” and a consensus target price of $31.00.

Access National (NASDAQ ANCX) opened at $28.24 on Thursday. The company has a market capitalization of $577.59, a price-to-earnings ratio of 26.90 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. Access National has a 12-month low of $24.36 and a 12-month high of $33.18.

In other news, insider Mark D. Moore purchased 3,972 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were acquired at an average price of $27.84 per share, with a total value of $110,580.48. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have bought a total of 4,744 shares of company stock worth $132,073 in the last three months. Corporate insiders own 14.23% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of ANCX. Sandy Spring Bank bought a new position in shares of Access National during the 2nd quarter worth $141,000. Royal Bank of Canada grew its position in shares of Access National by 53.1% during the 2nd quarter. Royal Bank of Canada now owns 5,413 shares of the financial services provider’s stock worth $143,000 after buying an additional 1,877 shares in the last quarter. Nationwide Fund Advisors grew its position in shares of Access National by 53.9% during the 2nd quarter. Nationwide Fund Advisors now owns 8,288 shares of the financial services provider’s stock worth $220,000 after buying an additional 2,904 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Access National during the 2nd quarter worth $236,000. Finally, Alliancebernstein L.P. bought a new position in shares of Access National during the 2nd quarter worth $289,000. 37.49% of the stock is currently owned by institutional investors and hedge funds.

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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.

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