Access National Corp. (NASDAQ:ANCX) is scheduled to announce its earnings results before the market opens on Friday, October 14th. Analysts expect the company to announce earnings of $0.38 per share for the quarter.

Access National Corp. (NASDAQ:ANCX) last released its quarterly earnings results on Friday, July 15th. The financial services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.10. Access National Corp. had a return on equity of 14.99% and a net margin of 22.27%. On average, analysts expect Access National Corp. to post $1.57 EPS for the current fiscal year and $1.48 EPS for the next fiscal year.

Earnings History for Access National Corp. (NASDAQ:ANCX)

Shares of Access National Corp. (NASDAQ:ANCX) opened at 24.46 on Wednesday. Access National Corp. has a 52-week low of $16.26 and a 52-week high of $24.97. The company’s 50 day moving average price is $23.16 and its 200 day moving average price is $21.07. The company has a market capitalization of $258.96 million, a price-to-earnings ratio of 15.38 and a beta of 0.81.

In other Access National Corp. news, Director Mark D. Moore purchased 1,313 shares of Access National Corp. stock in a transaction dated Wednesday, August 3rd. The shares were purchased at an average cost of $21.50 per share, for a total transaction of $28,229.50. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $107,500. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark D. Moore purchased 3,287 shares of Access National Corp. stock in a transaction dated Monday, July 25th. The stock was acquired at an average price of $21.67 per share, for a total transaction of $71,229.29. Following the completion of the acquisition, the director now owns 3,687 shares of the company’s stock, valued at approximately $79,897.29. The disclosure for this purchase can be found here. Company insiders own 24.31% of the company’s stock.

Several large investors have recently modified their holdings of ANCX. Teachers Advisors Inc. increased its stake in shares of Access National Corp. by 15.5% in the second quarter. Teachers Advisors Inc. now owns 11,597 shares of the financial services provider’s stock valued at $226,000 after buying an additional 1,556 shares during the last quarter. BlackRock Investment Management LLC increased its stake in shares of Access National Corp. by 18.4% in the second quarter. BlackRock Investment Management LLC now owns 33,256 shares of the financial services provider’s stock valued at $649,000 after buying an additional 5,171 shares during the last quarter. Ativo Capital Management LLC increased its stake in shares of Access National Corp. by 80.6% in the second quarter. Ativo Capital Management LLC now owns 44,808 shares of the financial services provider’s stock valued at $874,000 after buying an additional 20,000 shares during the last quarter. State Street Corp increased its stake in shares of Access National Corp. by 7.8% in the second quarter. State Street Corp now owns 77,546 shares of the financial services provider’s stock valued at $1,515,000 after buying an additional 5,609 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Access National Corp. by 11.3% in the second quarter. Vanguard Group Inc. now owns 181,762 shares of the financial services provider’s stock valued at $3,546,000 after buying an additional 18,463 shares during the last quarter. Hedge funds and other institutional investors own 24.25% of the company’s stock.

ANCX has been the subject of a number of research reports. Zacks Investment Research raised Access National Corp. from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a research note on Monday, July 18th. Citigroup Inc. lowered Access National Corp. to a “market perform” rating in a research note on Monday, July 18th. They noted that the move was a valuation call. Raymond James Financial Inc. lowered Access National Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 18th. Maxim Group started coverage on Access National Corp. in a research report on Thursday, August 25th. They set a “buy” rating and a $21.50 price objective on the stock. Finally, FBR & Co restated a “hold” rating on shares of Access National Corp. in a research report on Monday, July 18th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Access National Corp. currently has an average rating of “Buy” and a consensus price target of $21.10.

About Access National Corp.

Access National Corporation is a bank holding company. The Company 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.

5 Day Chart for NASDAQ:ANCX

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