Access National Co. (NASDAQ:ANCX) has earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $31.00.
Several research analysts have issued reports on the stock. BidaskClub cut shares of Access National from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Raymond James cut shares of Access National from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 10th. Finally, Zacks Investment Research cut shares of Access National from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd.
In other news, CEO Michael W. Clarke bought 4,000 shares of the firm’s stock in a transaction on Thursday, May 17th. The stock was acquired at an average cost of $27.61 per share, with a total value of $110,440.00. Following the completion of the acquisition, the chief executive officer now owns 716,380 shares of the company’s stock, valued at $19,779,251.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders acquired 4,807 shares of company stock valued at $132,552 over the last ninety days. Corporate insiders own 14.08% of the company’s stock.
NASDAQ ANCX traded down $0.76 during trading hours on Friday, reaching $27.78. 66,807 shares of the company’s stock traded hands, compared to its average volume of 50,790. Access National has a 52-week low of $24.36 and a 52-week high of $30.99. The stock has a market cap of $585.23 million, a P/E ratio of 17.25 and a beta of 0.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.88.
Access National (NASDAQ:ANCX) last issued its earnings results on Thursday, July 26th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $32.11 million during the quarter, compared to analysts’ expectations of $32.20 million. Access National had a return on equity of 7.79% and a net margin of 15.48%. research analysts expect that Access National will post 1.8 earnings per share for the current fiscal year.
About Access National
Access National Corporation operates as the bank holding company for Access National Bank that provides credit, deposit, mortgage, and wealth management services to small and medium sized businesses, professionals, and associated individuals primarily in the greater Washington, DC Metropolitan Area. The company operates through three segments: Commercial Banking, Mortgage Banking, and Wealth Management.
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